Mahindra Holidays & Resorts India Ltd. (‘Company’) reported its standalone and consolidated financials for the fourth quarter and year ending 31st March 2025.
Highlights FY25
• Highest ever inventory addition of 520 keys
• Strong growth in resort revenue, Rs 396 Cr (+8% YoY)
• 1.4 million+ guests welcomed; occupancy stable at 84% on expanded inventory base
• Average Unit Realisation (AUR) at Rs 5.73L (+39% YoY)
• Deferred Revenue stands at Rs. 5,736 Cr
• Cash Position at Rs. 1555 Cr as on 31st Mar’25
Highlights Q4FY25
• Inventory expanded by 149 keys to 5847 keys
• Acceleration in resort revenue, Rs 107 Cr (+14% YoY)
• New managed resorts added to the network at Dindi, Andhra Pradesh and Ranthambore, Rajasthan. Phase-2 inventory addition completed at Pavagadh, Gujarat
• Resort occupancy of 85% on expanded inventory base
• Average Unit Realisation (AUR) at Rs 7.72L (+82% YoY)
• Cumulative member base grows to 3,04,508
*Note: excluding one-offs
MHRIL Standalone (Under Indian Accounting Standards)
| Particulars (In Rs Cr) | Q4 FY25 | Q4 FY24 | YoY | FY25 | FY24 | YoY |
|---|---|---|---|---|---|---|
| Total Income | 398.0 | 374.7 | 6% | 1544.9 | 1434.1 | 8% |
| EBITDA | 131.7 | 93.1 | 41% | 491.8 | 415.6 | 18% |
| PBT | 75.8 | 44.3 | 71% | 269.6 | 223.2 | 21% |
| PAT | 57.4 | 33.3 | 72% | 200.5 | 180.6 | 11% |
| PAT excl. one-offs | 57.2 | 35.4 | 61% | 196.7 | 157.9 | 25% |
MHRIL Consolidated (Under Indian Accounting Standards)
| Particulars (In Rs Cr) | Q4 FY25 | Q4 FY24 | YoY | FY25 | FY24 | YoY |
|---|---|---|---|---|---|---|
| Total Income | 807.1 | 830.3 | -3% | 2909.8 | 2819.6 | 3% |
| EBITDA | 232.7 | 217.9 | 7% | 707.8 | 628.9 | 13% |
| PBT | 102.4 | 109.1 | -6% | 192.5 | 159.5 | 21% |
| PAT | 72.9 | 83.2 | -12% | 125.9 | 116.1 | 8% |
| PAT excl. one-offs | 85.0 | 75.9 | 12% | 134.3 | 98.2 | 37% |
Management Commentary
Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd., said, “Our network expansion momentum further gained pace with the addition of more than 500 keys to our portfolio in FY25. Our consistent delivery of exceptional customer experience has helped us deliver double-digit growth in resort revenues for two consecutive quarters. We have recorded significant growth in average unit sales realization as part of our premiumization strategy. Our domestic business has been robust with FY25 standalone profit* growth of 25% and margin expansion by 170 bps. Our European operations, HCRO, has delivered a steady performance despite multiple economic headwinds. Our FY25 consolidated profits* are up by 37%, reflecting our focus on improving our operating metrics.”
