NSEPress Release21 Oct 2026 · 21 Oct 2026, 01:22 pm
Press Release
Mahindra Holidays & Resorts India Limited · MHRIL
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Mahindra Holidays & Resorts India Limited has announced its unaudited standalone and consolidated financial results for the second quarter and half year ended 30 September 2026, with a 17% year-on-year growth in consolidated PAT, driven by strong sales and resort revenue momentum.
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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Mahindra Holidays and Resorts India Limited has informed the exchange regarding a press release dated 21 October 2026 with regard to unaudited standalone and consolidated financial results for the second quarter and half year ended 30 September 2026
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21st October 2026
MHRIL/SE/26-27/55
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, G Block, Floor 25, PJ Towers,
Bandra-Kurla Complex, Dalal Street, Fort,
Bandra (E), Mumbai - 400 051 Mumbai - 400 001
Symbol: MHRIL Scrip Code: 533088
Dear Sir/Madam,
Sub.: Press Release - Unaudited standalone and consolidated Financial Results of the Company for
the second quarter ended 30th September 2026
Please find enclosed Press Release issued by the Company on the Unaudited standalone and
consolidated Financial Results for the second quarter ended 30th September 2026.
The meeting of the Board of Directors of the Company held today i.e. 21st October 2026, commenced
at 08:46 a.m. and concluded at 01:02 p.m. (IST).
The intimation along with Press Release is also being hosted on the website of the Company at
https://www.clubmahindra.com/investors/stock-exchange-filing/investor-news
Kindly take the same on record.
Thanking you,
For Mahindra Holidays & Resorts India Limited
Mansi Laheri
Company Secretary
Membership No.: A21561
Encl.: As above
Press Release
Mahindra Holidays & Resorts India Ltd.
Announces Results for Q2 FY27
Consolidated PAT up 17% YoY
Strong Sales and Resort Revenue Momentum
Mumbai, 21st Oct 2026: Mahindra Holidays & Resorts India Ltd. ('Company'), India's leading
leisure hospitality company, reported its standalone and consolidated financials for the
quarter ending 30th September 2026.
Highlights
Growth in Sales continues - at Rs 141 Cr (+6% YoY)
Average Unit Realisation (AUR) incl. upgrades at Rs 13.4L (+ 43% YoY)
Membership upgrades of Rs 83 Cr (+26% YoY)
Double digit growth in resort revenue, Rs 96 Cr (+15% YoY), occupancy at 75.6% (+220
bps YoY)
Deferred Revenue stands at Rs. 5,828 Cr and Cash at Rs. 1,329 Cr as on 30th Sept'26
Inventory portfolio of 5,762 keys across 106 resorts. 2 resorts were expanded, while 6
resorts were exited based on guest feedback and ratings.
Transformation of 2 resorts completed and 5 ongoing.
Cumulative member base at 3,02,886
MHRIL Standalone
Particulars (In Rs Cr) Q2 FY27 Q2 FY26
Total Income 395.3 380.7
EBITDA 270.9 240.2
PBT 58.6 71.0
PAT 43.3 51.7
MHRIL Consolidated
Particulars (In Rs Cr) Q2 FY27 Q2 FY26
Total Income 819.7 749.5
EBITDA 194.8 184.9
PBT 34.1 35.5
PAT 19.7 16.9
Press Release
Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive
Officer, Mahindra Holidays & Resorts India Ltd., said, “Our domestic business sustained its
positive momentum during the quarter. Membership sales grew for the second consecutive
quarter, supported by premiumisation and upgrades, while resort revenue continued to
deliver double-digit growth and occupancy improved by 220 bps.
Alongside this momentum, we continued to strengthen and expand our domestic resort
network. During the quarter, we completed expansions at two resorts and transformed two
existing properties, while exiting select resorts based on guest feedback and ratings. Five
additional resort transformations are underway, and we expect to add approximately 1,000
keys over the next two quarters. Our development pipeline has also expanded significantly,
supporting our progress towards the goal of 10,000 keys by FY30.
In our international operations, HCRO delivered a stable performance despite continued
geopolitical uncertainty and weakness in the Finnish economy. Overall, consolidated PAT
grew by 17% year-on-year, reflecting robust financial performance.”
About Mahindra Holidays & Resorts India Limited
Mahindra Holidays & Resorts India Limited (MHRIL), part of the diversified Mahindra Group,
is India’s leading leisure hospitality company. Established in 1996, the Company pioneered
the vacation ownership model in India and has since redefined family holidays through
thoughtfully designed resorts, curated experiences, and a commitment to sustainable
tourism.
MHRIL’s vision is to become India’s largest leisure hospitality player, powered by a premium,
multi-format holiday platform, including its flagship brand, Club Mahindra, and the upcoming
Mahindra Signature Resorts. With a network of 100+ premium resorts across India and
international markets, Club Mahindra is addressing evolving travel aspirations across
segments and demographics, supported by a strong 3,00,000+ member community.
Guided by the Mahindra Group’s RISE philosophy, MHRIL is focused on responsible growth,
sustainable operations, and long-term value creation, while delivering quality holiday
experiences for families.
Visit us on www.clubmahindra.com and follow us on X, LinkedIn, Instagram and Facebook to
know more about us.
For further enquiries, please contact
Media Relations: Investor Relations:
Yayati Gaikwad Investor Relations Officer
Mahindra Holidays & Resorts India Ltd. Mahindra Holidays & Resorts India Ltd.
Email: Yayati.gaikwad776@mahindraholidays.com Email: investors@mahindraholidays.com