Mahindra Holidays & Resorts India Limited — Updates, 31-01-2025: Press Release

Mahindra Holidays & Resorts India Ltd. reported strong results for Q3 FY25, with consolidated profit after tax (PAT) reaching ₹35.4 Cr, reflecting a 3.4x year-on-year increase. Operationally, member additions stood at 3,000, bringing the total membership base to 303,747. The company saw a robust 12% increase in resort revenue to ₹107 Cr, alongside a stable resort occupancy rate of 84.2%.

On the standalone front, total income increased by 5% year-on-year to ₹391 Cr, with EBITDA rising 6% to ₹127 Cr and a margin improvement to 32.4%. Deferred revenue remains strong at ₹5,722 Cr, and cash position stood at ₹1,482 Cr.

The company's strategic focus on expanding inventory continued, with the addition of 206 keys, including a new managed resort in Patkote, Uttarakhand, and an expansion at Kandaghat, Himachal Pradesh. The positive outlook is supported by strong demand in leisure hospitality, indicating potential for continued growth and profitability.