| Scrip Code | 533088 |
|---|---|
| NSE Symbol | MHRIL |
| MSEI Symbol | NOTLISTED |
| ISIN | INE998I01010 |
| Name of company | Mahindra Holidays & Resorts India Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 27-04-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 31-03-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Geographical |
| Description of single segment | |
| Start date and time of board meeting | 27-04-2026 09:57:00 |
| End date and time of board meeting | 27-04-2026 14:45:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 82,028.63 | 2,99,173.62 | |
| Other income | 2,369.62 | 12,432.08 | |
| Total income | 84,398.25 | 3,11,605.70 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 21,296.70 | 81,297.19 |
| (e) | Finance costs | 4,695.26 | 18,104.83 |
| (f) | Depreciation, depletion and amortisation expense | 10,863.44 | 40,929.01 |
| (f) | Other Expenses | ||
| 1 | Cost of vacation ownership weeks | 4,872.50 | 17,485.22 |
| 2 | Other expenses | 36,136.89 | 1,38,731.85 |
| Total other expenses | 41,009.39 | 1,56,217.07 | |
| Total expenses | 77,864.79 | 2,96,548.10 | |
| 3 | Total profit before exceptional items and tax | 6,533.46 | 15,057.60 |
| 4 | Exceptional items | 0.00 | (1,106.23) |
| 5 | Total profit before tax | 6,533.46 | 13,951.37 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,047.67 | 5,887.57 |
| 8 | Deferred tax | 1,335.22 | 1,277.50 |
| 9 | Total tax expenses | 2,382.89 | 7,165.07 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 4,150.57 | 6,786.30 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | (1.89) | (86.31) |
| 16 | Total profit (loss) for period | 4,148.68 | 6,699.99 |
| 17 | Other comprehensive income net of taxes | 210.50 | 385.83 |
| 18 | Total Comprehensive Income for the period | 4,359.18 | 7,085.82 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 4,155.56 | 6,951.21 | |
| Total profit or loss, attributable to non-controlling interests | (6.89) | (251.23) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 4,366.06 | 7,337.04 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | (6.89) | (251.23) | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 20,167.67 | 20,167.67 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | (48,072.12) | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 2.06 | 3.45 | |
| Diluted earnings (loss) per share from continuing operations | 2.06 | 3.44 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 2.06 | 3.45 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 2.06 | 3.44 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Note to Financial Results - Please refer to the PDF File. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | ||
| Date of end of reporting period | 31-03-2026 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Non-current assets | ||
| Property, plant and equipment | 5,57,351.69 | ||
| Capital work-in-progress | 32,520.14 | ||
| Investment property | 0.00 | ||
| Goodwill | 12,177.48 | ||
| Other intangible assets | 4,532.98 | ||
| Intangible assets under development | 3,542.18 | ||
| Biological assets other than bearer plants | 0.00 | ||
| Investments accounted for using equity method | 1,632.81 | ||
| Non-current financial assets | |||
| Non-current investments | 0.00 | ||
| Trade receivables, non-current | 15,858.88 | ||
| Loans, non-current | 0.00 | ||
| Other non-current financial assets | |||
| 1 | Investments | 1,154.09 | |
| 2 | � Other financial assets | 17,444.19 | |
| Total of other non-current financial assets | 18,598.28 | ||
| Total non-current financial assets | 34,457.16 | ||
| Deferred tax assets (net) | 20,483.74 | ||
| Other non-current assets | |||
| 1 | Other non-current tax assets (net) | 16,644.30 | |
| 2 | Deferred acquisition cost | 71,650.88 | |
| 3 | Other non-current assets | 7,773.60 | |
| Total of other non-current assets | 96,068.78 | ||
| Total non-current assets | 7,62,766.96 | ||
| 2 | Current assets | ||
| Inventories | 83,323.29 | ||
| Current financial asset | |||
| Current investments | 66,669.14 | ||
| Trade receivables, current | 1,22,915.06 | ||
| Cash and cash equivalents | 3,592.79 | ||
| Bank balance other than cash and cash equivalents | 6,593.40 | ||
| Loans, current | 60.89 | ||
| Other current financial assets | |||
| Total of other current financial assets | 72,940.07 | ||
| Total current financial assets | 2,72,771.35 | ||
| Current tax assets (net) | |||
| Other current assets | |||
| 1 | Deferred acquisition cost | 6,600.73 | |
| 2 | Other current assets | 12,994.45 | |
| Total of other current assets | 19,595.18 | ||
| Total current assets | 3,75,689.82 | ||
| 3 | Non-current assets classified as held for sale | ||
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | ||
| Total assets | 11,38,456.78 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 20,167.67 | ||
| Other equity | 57,620.30 | ||
| Total equity attributable to owners of parent | 77,787.97 | ||
| Non controlling interest | 577.42 | ||
| Total equity | 78,365.39 | ||
| 2 | Liabilities | ||
| Non-current liabilities | |||
| Non-current financial liabilities | |||
| Borrowings, non-current | 50,620.50 | ||
| Trade payables, non-current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | ||
| Total Trade payable | 0.00 | ||
| Other non-current financial liabilities | |||
| 1 | Lease liabilities | 2,39,186.04 | |
| 2 | Other financial liabilities | 3,174.05 | |
| Total of other non-current financial liabilities | 2,42,360.09 | ||
| Total non-current financial liabilities | 2,92,980.59 | ||
| Provisions, non-current | 2,363.29 | ||
| Deferred tax liabilities (net) | 19,122.28 | ||
| Deferred government grants, Non-current | 0.00 | ||
| Other non-current liabilities | |||
| 1 | Contract liability - Deferred revenue | 4,98,648.15 | |
| Total of other non-current liabilities | 4,98,648.15 | ||
| Total non-current liabilities | 8,13,114.31 | ||
| Current liabilities | |||
| Current financial liabilities | |||
| Borrowings, current | 72,778.44 | ||
| Trade payables, current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 1,214.60 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 31,919.21 | ||
| Total Trade payable | 33,133.81 | ||
| Other current financial liabilities | |||
| 1 | Lease liabilities | 20,357.07 | |
| 2 | Other financial liabilities | 20,982.14 | |
| Total of other current financial liabilities | 41,339.21 | ||
| Total current financial liabilities | 1,47,251.46 | ||
| Other current liabilities | 98,597.22 | ||
| 1 | Contract liability - Deferred revenue | 93,892.88 | |
| 2 | Others | 4,704.34 | |
| Total of other current liabilities | 98,597.22 | ||
| Provisions, current | 741.45 | ||
| Current tax liabilities (Net) | 386.95 | ||
| Deferred government grants, Current | 0.00 | ||
| Total current liabilities | 2,46,977.08 | ||
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 | |
| Total liabilities | 10,60,091.39 | ||
| Total equity and liabilites | 11,38,456.78 | ||
| Disclosure of notes on assets and liabilities | Textual Information(1) | ||
| Textual Information(1) | Note to Financial Results - Please refer to the PDF File. |
|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | MHRIL | 40,675.10 | 1,62,539.17 | ||||
| 2 | HCRO | 43,723.15 | 1,49,066.53 | ||||
| Total Segment Revenue | 84,398.25 | 3,11,605.70 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 84,398.25 | 3,11,605.70 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | MHRIL | 7,216.35 | 30,215.53 | ||||
| 2 | HCRO | 1,116.18 | (7,546.33) | ||||
| Total Profit before tax | 8,332.53 | 22,669.20 | |||||
| i. Finance cost | 0.00 | 0.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 1,800.96 | 8,804.14 | |||||
| Profit before tax | 6,531.57 | 13,865.06 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | MHRIL | 8,36,066.08 | 8,36,066.08 | ||||
| 2 | HCRO | 3,02,271.67 | 3,02,271.67 | ||||
| Total Segment Asset | 11,38,337.75 | 11,38,337.75 | |||||
| Un-allocable Assets | 119.03 | 119.03 | |||||
| Net Segment Asset | 11,38,456.78 | 11,38,456.78 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | MHRIL | 7,13,489.02 | 7,13,489.02 | ||||
| 2 | HCRO | 2,54,436.93 | 2,54,436.93 | ||||
| Total Segment Liabilities | 9,67,925.95 | 9,67,925.95 | |||||
| Un-allocable Liabilities | 92,165.44 | 92,165.44 | |||||
| Net Segment Liabilities | 10,60,091.39 | 10,60,091.39 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | Note to Financial Results - Please refer to the PDF File. |
|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurements of the defined benefit (asset) / liabilities | 171.23 | (32.96) |
| 2 | Freehold land revaluation | 0.00 | 0.00 |
| Total Amount of items that will not be reclassified to profit and loss | 171.23 | (32.96) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 43.10 | (8.29) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange differences on translating the financial statements of foreign operations | 747.81 | 4,415.27 |
| 2 | Net gain / (loss) on net investment hedge | (609.46) | (3,987.80) |
| 3 | Debt instruments through other comprehensive income | (74.81) | (22.68) |
| Total Amount of items that will be reclassified to profit and loss | 63.54 | 404.79 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | (18.83) | (5.71) |
| 5 | Total Other comprehensive income | 210.50 | 385.83 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 13,951.37 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 18,104.83 | |||||
| Adjustments for decrease (increase) in inventories | (2,127.86) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (16,390.97) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 4,168.78 | |||||
| Adjustments for decrease (increase) in other current assets | 2,114.31 | |||||
| Adjustments for decrease (increase) in other non-current assets | (2,629.43) | |||||
| Adjustments for other financial assets, non-current | (58,105.49) | |||||
| Adjustments for other financial assets, current | 71,270.14 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (4,409.13) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 2,816.61 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 40,929.01 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 49.74 | |||||
| Adjustments for provisions, current | 1,091.02 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 0.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 5,500.51 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 7,597.98 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | (2,694.31) | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | (1,455.47) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 50,634.31 | |||||
| Net cash flows from (used in) operations | 64,585.68 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 11,510.02 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 53,075.66 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 250.31 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 1,38,677.95 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 1,28,162.24 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 2,929.58 | |||||
| Purchase of property, plant and equipment | 42,061.62 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 15,297.99 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 20,375.39 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 2,471.22 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) investing activities | (21,318.02) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 3.49 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 21,523.55 | |||||
| Repayments of borrowings | 12,891.69 | |||||
| Payments of lease liabilities | 35,169.24 | |||||
| Dividends paid | 1.05 | |||||
| Interest paid | 5,002.34 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | (31,537.28) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 220.36 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | (337.36) | |||||
| Net increase (decrease) in cash and cash equivalents | (117.00) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 3,709.79 | |||||
| Cash and cash equivalents cash flow statement at end of period | 3,592.79 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | B S R & Co. LLP | Yes | 31-07-2028 | ||
|---|---|---|---|---|---|