Mahindra Holidays & Resorts India Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Mahindra Holidays reported Q1 FY27 standalone total income up 3% year-on-year to Rs 424 crores, with consolidated total income up 5% to Rs 774 crores, while profitability declined compared to Q1 FY26 due to renovation-related revenue loss, new resort ramp-up costs, and branding investments. Keystone sales value rose 22% year-on-year to Rs 154 crores with average unit realization up 73% to Rs 14.4 lakhs, and resort revenue grew 10% to Rs 126 crores despite about 400 keys under renovation. Management described continued network expansion plans, an ongoing strategic review of the European Holiday Club Finland business, and cost pressures from GST and solar policy changes in Maharashtra.
Mahindra Holidays reported Q4 FY26 standalone total income of Rs 407 crores and consolidated income of Rs 844 crores, with standalone EBITDA margin expanding to 34.9%. Management took a Rs 234 crore impairment charge on its Mauritius/HCRO equity investment due to the Finnish business outlook, bringing the holding value in the standalone books to zero. The company added 900 keys during the year, launched a new membership product called Keystone in December, and reported that new-sales AUR rose about 30% year-on-year.