Mumbai, 31 st Jan 2025: Mahindra Holidays & Resorts India Ltd. ('Company'), India's leading leisure hospitality provider, reported its standalone and consolidated financials for the third quarter ending 31 st Dec 2024.

Operational Highlights

• Member additions at 3,000; cumulative base of 3,03,747 members
• Average Unit Realisation (AUR)¹ at Rs 6.16 L (+37% YoY)
• Inventory expanded by 206 keys to 5698 keys
• Completed phase-1 expansion at Kandaghat in Himachal Pradesh
• Strong growth in resort revenue, Rs 107 Cr (+12% YoY)
• New managed resort added to the network at Patkote, near Corbett in Uttarakhand.
• Resort occupancy stable at 84.2% on expanded inventory base

Standalone Financial Highlights

• Total Income at Rs. 391 Cr (+5% YoY)
• EBITDA at Rs. 127 Cr (+6% YoY); EBITDA Margin at 32.4% (+10 bps YoY)
• PAT at Rs. 51 Cr (PAT excluding one-off 2 at Rs. 52 Cr, +15% YoY)
• Deferred Revenue stands at Rs. 5,722 Cr
• Cash Position at Rs. 1482 Cr as on 31 st Dec'24

Consolidated Financial Highlights

• Total Income at Rs. 710 Cr (+7% YoY)
• EBITDA at Rs. 178 Cr (+30% YoY); EBITDA Margin at 25% (+450 bps YoY)
• PAT at Rs. 35 Cr (PAT excluding one-off at Rs. 19 Cr, 5.4x YoY)

Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd., said, "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 premiumization continues with higher unit sales realization.”

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. "

Mahindra Holidays & Resorts India Limited (MHRIL), India's leading leisure hospitality company offers quality family holidays primarily through vacation ownership. MHRIL offers a 25/15/10-year membership along with other products – Bliss, Go Zest, Club Mahindra Fundays for corporates, through its flagship brand Club Mahindra.

As of Dec 31, 2024, MHRIL has 126 resorts across India & abroad and its subsidiary, Holiday Club Resorts Oy (HCR), Finland, a leading vacation ownership company in Europe has 33 Timeshare Properties (Including 9 Spa Resorts) across Finland, Sweden, and Spain.

Visit us at www.clubmahindra.com

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com/ X  and Facebook: @MahindraRise/ For updates, subscribe to https://www.mahindra.com/news-room

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