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Mahindra Holidays & Resorts India Limited Q3 Results

Mahindra Holidays & Resorts India Limited Q3 Results

Mahindra Holidays & Resorts India Ltd. (‘Company’), India’s leading leisure hospitality provider reported its Standalone and Consolidated financial results for the quarter ending 31st December 2021.

 

Q3 FY22 Operational Highlights -

  • Member additions for the quarter at 3,701 vs 3,291 in Q3 FY21, growth of 12.5% YoY.
  • Cumulative member base stands at 2,62,250.
  • Resort operational occupancies at 80%.
  • 123 rooms added taking total room inventory to 4,356 rooms across 79 resorts.
  • Digital and Referral contributes 58% of the member additions. 
  • 40 resorts certified by Bureau Veritas with highest level of Platinum certification for safety and hygiene standards.

Q3 FY22 Financial Highlights -

MHRIL Standalone

  • Total Income at Rs. 284.5 Crs, up by 15.7% YoY.
  • Highest ever Resort Income at Rs. 70 Crs, an increase of 57.1% YoY and 38.0% QoQ.
  • EBITDA at Rs. 85 Crs, up by 2.3% YoY; EBITDA Margin at 29.9%.
  • PBT at Rs. 48.7 Crs; PBT Margin at 17.1%.
  • PAT at Rs. 36.0 Crs; PAT Margin at 12.6%.
  • Cash position at Rs. 1,108 Crs as on Dec’21 vs Rs. 1,041 Crs as on Sep’21. Our cash position improved by Rs. 260 Crs in Dec’21 from Rs. 848 Crs as on Dec’20.

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