Latest news with #MahindraHolidays&ResortsIndia
Business Standard
a day ago
- Business
- Business Standard
Mahindra Holidays gains after Q1 PAT jumps 34% YoY to Rs 8 cr
Mahindra Holidays & Resorts India added 1.79% to Rs 366.80 after the company's consolidated net profit surged 33.61% to Rs 7.87 crore in Q1 FY26 as against Rs 5.89 crore posted in Q1 FY25. Revenue from operations rose 7.43% YoY to Rs 701.40 crore for the quarter ended 30 June 2025. Profit before tax (PBT) stood at Rs 26.29 crore in Q1 FY26, marking an 87.25% increase from Rs 14.04 crore reported in the same quarter last year. During the quarter, EBITDA grew 16.3% YoY to Rs 161.2 crore, while the EBITDA margin improved to 21.8%, up from 20.2% reported in Q1 FY25. Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India, said, "We have delivered a strong performance this quarter. Our domestic business continues to do very well. Our standalone profit grew by 69% and our PAT margin expanded by 680 bps. Resort performance has been consistent with double-digit revenue growth and sustained occupancy of 85%+ on an expanded inventory base. We have commenced a new expansion project and are focused on achieving our aspiration of 10,000 rooms by FY30. Our strategy of selective member addition while pursuing premiumization is reflected in continued growth in average unit sales realization. Our European operation, HCRO, has improved its performance in a weak seasonal quarter, showing resilience amidst multiple economic headwinds. Our consolidated profits were impacted by adverse currency movements largely due to the sharp movement in the Euro. Despite this, our consolidated profits up by 18% YoY." Mahindra Holidays & Resorts India, India's leading company in the leisure hospitality industry, offers quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand, the other brands offered by the company are Club Mahindra Fundays and Svaastha Spa.
Business Standard
a day ago
- Business
- Business Standard
Mahindra Holidays & Resorts India consolidated net profit rises 33.62% in the June 2025 quarter
Sales rise 7.43% to Rs 701.40 croreNet profit of Mahindra Holidays & Resorts India rose 33.62% to Rs 7.87 crore in the quarter ended June 2025 as against Rs 5.89 crore during the previous quarter ended June 2024. Sales rose 7.43% to Rs 701.40 crore in the quarter ended June 2025 as against Rs 652.86 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 7 OPM %17.3816.05 -PBDT121.93102.70 19 PBT26.2914.04 87 NP7.875.89 34 Powered by Capital Market - Live News
Time of India
03-07-2025
- Business
- Time of India
Mahindra Holidays acquires Finnish mutual real estate company KKOSS
Chennai: Mahindra Holidays & Resorts India has, through its Finland-based subsidiary, acquired 100% stake in Finnish mutual real estate company Keskinäinen Kiinteistö Oy Salla Star (KKOSS) for a cash consideration of Rs 2.35 crore. The deal was done through the Finland incorporated Holiday Club Resorts Oy (HCR), which is a wholly owned subsidiary of Covington Sarl (Covington), which is a wholly owned subsidiary of MHR Holdings (Mauritius) which is a wholly owned subsidiary of Mahindra Holidays & Resorts India. KKOSS is primarily in the business of owning and managing the property located in Block 26 in the village of Märkäjärvi, in the municipality of Salla, Finland, the company said in a stock market notification on Thursday. HCR has acquired 100% stake in KKOSS comprising 448 shares, said the notification. The turnover of KKOSS for calendar year 2024 was Rs 5.13 lakh.
Business Standard
25-04-2025
- Business
- Business Standard
Mahindra Holidays & Resorts India consolidated net profit declines 11.27% in the March 2025 quarter
Sales decline 2.67% to Rs 778.83 crore Net profit of Mahindra Holidays & Resorts India declined 11.27% to Rs 73.08 crore in the quarter ended March 2025 as against Rs 82.36 crore during the previous quarter ended March 2024. Sales declined 2.67% to Rs 778.83 crore in the quarter ended March 2025 as against Rs 800.19 crore during the previous quarter ended March 2024. For the full year,net profit rose 10.45% to Rs 127.59 crore in the year ended March 2025 as against Rs 115.52 crore during the previous year ended March 2024. Sales rose 2.82% to Rs 2780.85 crore in the year ended March 2025 as against Rs 2704.60 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 778.83800.19 -3 2780.852704.60 3 OPM % 26.2423.42 - 20.7818.98 - PBDT 194.28195.14 0 558.54496.13 13 PBT 102.41109.10 -6 192.53159.52 21 NP 73.0882.36 -11 127.59115.52 10
