Mahindra Holidays & Resorts India's Q2 FY 2025-26 Quarterly Results

Result Summary

• Mahindra Holidays & Resorts India Ltd reported a 1.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 6.1%.
• Its expenses for the quarter were up by 0.0% QoQ and 5.3% YoY.
• The net profit increased 136.1% QoQ and increased 47.5% YoY.
• The earnings per share (EPS) of Mahindra Holidays & Resorts India Ltd stood at 0.89 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

## Company Overview
Mahindra Holidays & Resorts India Ltd is a leading player in the hospitality and leisure industry. The company specializes in offering vacation ownership and leisure hospitality services. It operates under the brand "Club Mahindra," providing vacation ownership memberships. Mahindra Holidays is part of the Mahindra Group, a multinational federation of companies with a presence in various sectors such as automotive, financial services, and real estate. The company focuses on delivering high-quality vacation experiences to its members across various resorts and destinations. Recent developments in the industry include a growing trend towards experiential travel and a gradual recovery from the impacts of the global pandemic on tourism and hospitality.

## Revenue
In the second quarter of the fiscal year 2026 (Q2FY26), Mahindra Holidays & Resorts India Ltd reported a total income of ₹749.45 crores. This figure represents a quarter-over-quarter (QoQ) increase of 1.3% from the first quarter of fiscal year 2026 (Q1FY26), where the total income stood at ₹740.15 crores. Additionally, the year-over-year (YoY) comparison shows a 6.1% rise from the second quarter of fiscal year 2025 (Q2FY25), when the total income was ₹706.18 crores. The steady growth in revenue over both QoQ and YoY periods indicates robust business performance in terms of income generation.

## Profitability
The company's profitability metrics for Q2FY26 reveal a profit before tax (PBT) of ₹36.13 crores, reflecting a significant QoQ increase of 34.7% from Q1FY26, which recorded a PBT of ₹26.83 crores. Compared to Q2FY25, there is a 25.4% YoY increase, as the PBT then was ₹28.82 crores. The tax expense for Q2FY26 amounted to ₹18.57 crores, slightly lower by 2.9% QoQ compared to ₹19.12 crores in Q1FY26, yet higher by 11.7% YoY from ₹16.63 crores in Q2FY25. The profit after tax (PAT) saw a remarkable QoQ growth of 136.1%, reaching ₹16.93 crores in Q2FY26 from ₹7.17 crores in Q1FY26. The YoY rise was 47.5%, up from ₹11.48 crores in Q2FY25. Earnings per share (EPS) stood at ₹0.89 in Q2FY26, marking a 128.2% QoQ increase from ₹0.39 in Q1FY26 and a 30.9% YoY rise from ₹0.68 in Q2FY25.

## Operating Metrics
The total expenses for Mahindra Holidays & Resorts India Ltd in Q2FY26 were ₹713.33 crores, almost unchanged from the previous quarter's expenses of ₹713.32 crores, indicating a stable expense management with a 0.0% QoQ change. Comparing YoY, the total expenses increased by 5.3% from ₹677.36 crores in Q2FY25. The consistent level of expenses amid rising income suggests an efficient operational setup. The marked increase in PAT and EPS demonstrates improved operational efficiency and profitability. However, detailed financial ratios such as the P/E ratio, debt-to-equity ratio, and current ratio are not available in the provided data for further analysis.