Mahindra Holidays & Resorts India Limited — PPTs, 31-01-2025: Investor Presentation

### Financial Highlights

For Q3 FY25, Mahindra Holidays & Resorts India Limited (MHRIL) reported a total income of ₹391.4 Cr, reflecting a 4.9% increase year-on-year. Standalone profit after tax (PAT) stood at ₹50.7 Cr, down 25.4% compared to the same quarter last year, attributed primarily to significant tax expenses. The EBITDA improved to ₹127.0 Cr, with an EBITDA margin of 32.4%. Total revenue for the nine months ended December 2024 was ₹1,146.9 Cr, an 8.3% growth.

### Strategic Initiatives and Growth Drivers

MHRIL is focusing on expanding its unique vacation ownership business through the addition of new resorts and increasing member acquisitions. The company's strategic projects include new managed resorts and ongoing greenfield and brownfield developments, which are expected to enhance its offerings and operational scale significantly.

### Business Developments

The member base has reached approximately 3.03 Lakh, with a notable year-on-year growth rate. The company’s resort income, including subsidiaries, increased by 12% YoY to ₹107 Cr. Furthermore, new managed resort bookings have opened near Corbett National Park, aligning with MHRIL's objectives to elevate market presence.

### Market Position and Competitive Advantage

MHRIL continues to benefit from India's growing leisure travel market, underpinned by rising disposable incomes and an increasing preference for experiential travel. The company enjoys a competitive edge through its extensive resort network and a strong brand reputation in family vacations.

### Investor Implications

Investors should remain positive on MHRIL’s outlook, given the favorable trends in leisure travel and the company's proactive expansion strategies to deepen market penetration. The continued growth in the member base and revenue diversification suggest strong resilience and potential growth pathways amidst current economic conditions.