Mahindra Holidays Q3 Results: Shares rally 11% after firm sees three-fold jump in net profit at ₹35 crore

Mahindra Holidays and Resorts India Ltd. reported a three-fold jump in its consolidated net profit at ₹35.42 crore for the third quarter of FY25, marking a 208% year-on-year rise from ₹11.5 crore in the same period last year.

In response to this, shares of Mahindra Holidays were trading 11% higher in Friday’s session, reaching a day’s high of ₹358.30 per share.

Mahindra Holidays’ consolidated revenue from operations rose 7% year-on-year to ₹678 crore in the quarter, up from ₹634.82 crore in the corresponding quarter of FY25.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 38.6% to ₹146 crore from ₹105 crore in the previous year’s quarter.”We have had a good quarter with robust improvement in consolidated profits. In India, we saw the continuation of the strong demand for leisure hospitality leading to a growth of 12% YoY in resort revenues. We continued to expand our inventory to offer more choices to our members. We have added 206 keys during the quarter. We have launched a new resort at Patkote, near Corbett in Uttarakhand and expanded our existing resort at Kandaghat in Himachal Pradesh. Our focus on premiumisation continues with higher unit sales realisation,” said Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd.

Commenting on European operations, he added, “HCR has delivered a steady quarter despite multiple economic headwinds. We continue to focus on improving our operating metrics.”

EBITDA margin for the quarter expanded by 491 basis points to 21.5% from 16.64% on a year-on-year basis.