| 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 | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 21-10-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 30-09-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Second quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Geographical |
| Description of single segment | |
| Start date and time of board meeting | 21-10-2026 08:46:00 |
| End date and time of board meeting | 21-10-2026 13:02:00 |
| 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 | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 78,413.24 | 1,51,694.63 | |
| Other income | 3,555.01 | 7,627.59 | |
| Total income | 81,968.25 | 1,59,322.22 | |
| 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 | 21,873.76 | 44,182.56 |
| (e) | Finance costs | 5,343.82 | 10,050.52 |
| (f) | Depreciation, depletion and amortisation expense | 10,654.94 | 21,594.96 |
| (f) | Other Expenses | ||
| 1 | Cost of vacation ownership weeks | 5,231.84 | 9,913.23 |
| 2 | Other expenses | 35,367.84 | 70,378.57 |
| Total other expenses | 40,599.68 | 80,291.80 | |
| Total expenses | 78,472.20 | 1,56,119.84 | |
| 3 | Total profit before exceptional items and tax | 3,496.05 | 3,202.38 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 3,496.05 | 3,202.38 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,184.88 | 2,570.29 |
| 8 | Deferred tax | 257.30 | (591.67) |
| 9 | Total tax expenses | 1,442.18 | 1,978.62 |
| 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 | 2,053.87 | 1,223.76 |
| 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 | (81.88) | (107.67) |
| 16 | Total profit (loss) for period | 1,971.99 | 1,116.09 |
| 17 | Other comprehensive income net of taxes | (32.64) | (70.55) |
| 18 | Total Comprehensive Income for the period | 1,939.35 | 1,045.54 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 1,995.77 | 1,129.32 | |
| Total profit or loss, attributable to non-controlling interests | (23.78) | (13.23) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 1,963.13 | 1,058.77 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | (23.78) | (13.23) | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 20,170.20 | 20,170.20 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0.99 | 0.56 | |
| Diluted earnings (loss) per share from continuing operations | 0.99 | 0.56 | |
| 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 | 0.99 | 0.56 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.99 | 0.56 | |
| 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 | 01-04-2026 | ||
| Date of end of reporting period | 30-09-2026 | ||
| Whether results are audited or unaudited | Unaudited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Non-current assets | ||
| Property, plant and equipment | 5,98,446.74 | ||
| Capital work-in-progress | 53,867.28 | ||
| Investment property | 0.00 | ||
| Goodwill | 12,222.90 | ||
| Other intangible assets | 4,063.34 | ||
| Intangible assets under development | 4,323.62 | ||
| Biological assets other than bearer plants | 0.00 | ||
| Investments accounted for using equity method | 1,526.62 | ||
| Non-current financial assets | |||
| Non-current investments | 1,173.18 | ||
| Trade receivables, non-current | 14,036.42 | ||
| Loans, non-current | 0.00 | ||
| Other non-current financial assets | |||
| 1 | � Other non-current financial assets | 10,845.93 | |
| Total of other non-current financial assets | 10,845.93 | ||
| Total non-current financial assets | 26,055.53 | ||
| Deferred tax assets (net) | 21,093.53 | ||
| Other non-current assets | |||
| 1 | Other non-current tax assets (net) | 17,992.78 | |
| 2 | Deferred acquisition cost | 69,549.61 | |
| 3 | Other non-current assets | 9,370.42 | |
| Total of other non-current assets | 96,912.81 | ||
| Total non-current assets | 8,18,512.37 | ||
| 2 | Current assets | ||
| Inventories | 84,260.78 | ||
| Current financial asset | |||
| Current investments | 81,621.42 | ||
| Trade receivables, current | 1,29,120.24 | ||
| Cash and cash equivalents | 2,617.29 | ||
| Bank balance other than cash and cash equivalents | 1,825.34 | ||
| Loans, current | 68.07 | ||
| Other current financial assets | |||
| Total of other current financial assets | 55,648.06 | ||
| Total current financial assets | 2,70,900.42 | ||
| Current tax assets (net) | 0.00 | ||
| Other current assets | |||
| 1 | Deferred acquisition cost | 7,784.77 | |
| 2 | Other current assets | 14,166.65 | |
| Total of other current assets | 21,951.42 | ||
| Total current assets | 3,77,112.62 | ||
| 3 | Non-current assets classified as held for sale | 0.00 | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 | |
| Total assets | 11,95,624.99 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 20,170.20 | ||
| Other equity | 58,983.16 | ||
| Total equity attributable to owners of parent | 79,153.36 | ||
| Non controlling interest | 564.19 | ||
| Total equity | 79,717.55 | ||
| 2 | Liabilities | ||
| Non-current liabilities | |||
| Non-current financial liabilities | |||
| Borrowings, non-current | 76,877.72 | ||
| 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 | 2,80,523.86 | |
| 2 | Other non-current financial liabilities | 3,492.20 | |
| Total of other non-current financial liabilities | 2,84,016.06 | ||
| Total non-current financial liabilities | 3,60,893.78 | ||
| Provisions, non-current | 2,568.99 | ||
| Deferred tax liabilities (net) | 19,642.50 | ||
| Deferred government grants, Non-current | 0.00 | ||
| Other non-current liabilities | |||
| 1 | Contract liability - Deferred revenue | 5,01,278.74 | |
| Total of other non-current liabilities | 5,01,278.74 | ||
| Total non-current liabilities | 8,84,384.01 | ||
| Current liabilities | |||
| Current financial liabilities | |||
| Borrowings, current | 56,426.85 | ||
| Trade payables, current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 1,058.61 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 33,929.40 | ||
| Total Trade payable | 34,988.01 | ||
| Other current financial liabilities | |||
| 1 | Lease liabilities | 18,650.06 | |
| 2 | Other current financial liabilities | 15,483.27 | |
| Total of other current financial liabilities | 34,133.33 | ||
| Total current financial liabilities | 1,25,548.19 | ||
| Other current liabilities | 1,04,821.64 | ||
| 1 | Contract liability - Deferred revenue | 1,00,468.56 | |
| 2 | Others | 4,353.08 | |
| Total of other current liabilities | 1,04,821.64 | ||
| Provisions, current | 948.64 | ||
| Current tax liabilities (Net) | 204.96 | ||
| Deferred government grants, Current | 0.00 | ||
| Total current liabilities | 2,31,523.43 | ||
| 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 | 11,15,907.44 | ||
| Total equity and liabilites | 11,95,624.99 | ||
| 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 | 01-07-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-09-2026 | 30-09-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | MHRIL | 39,815.35 | 82,639.46 | ||||
| 2 | HCRO | 42,296.20 | 76,682.76 | ||||
| 3 | Other unallocable income | (143.30) | 0.00 | ||||
| Total Segment Revenue | 81,968.25 | 1,59,322.22 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 81,968.25 | 1,59,322.22 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | MHRIL | 5,158.09 | 12,293.79 | ||||
| 2 | HCRO | (418.47) | (7,091.89) | ||||
| 3 | Other unallocable income | 0.00 | 0.00 | ||||
| Total Profit before tax | 4,739.62 | 5,201.90 | |||||
| i. Finance cost | 0.00 | 0.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 1,325.45 | 2,107.19 | |||||
| Profit before tax | 3,414.17 | 3,094.71 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | MHRIL | 8,41,286.59 | 8,41,286.59 | ||||
| 2 | HCRO | 3,54,092.63 | 3,54,092.63 | ||||
| 3 | Other unallocable income | 0.00 | 0.00 | ||||
| Total Segment Asset | 11,95,379.22 | 11,95,379.22 | |||||
| Un-allocable Assets | 245.77 | 245.77 | |||||
| Net Segment Asset | 11,95,624.99 | 11,95,624.99 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | MHRIL | 7,09,444.00 | 7,09,444.00 | ||||
| 2 | HCRO | 3,11,832.17 | 3,11,832.17 | ||||
| 3 | Other unallocable income | 0.00 | 0.00 | ||||
| Total Segment Liabilities | 10,21,276.17 | 10,21,276.17 | |||||
| Un-allocable Liabilities | 94,631.27 | 94,631.27 | |||||
| Net Segment Liabilities | 11,15,907.44 | 11,15,907.44 | |||||
| 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 | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| 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 (assets) / liabilities | 144.56 | 60.87 |
| 2 | Freehold land revaluation | 0.00 | 40.56 |
| Total Amount of items that will not be reclassified to profit and loss | 144.56 | 101.43 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 36.38 | 21.12 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange differences on translating the financial statements of foreign operations | 53.05 | (7.08) |
| 2 | Net gain / (loss) on net investment hedge | (160.02) | (121.04) |
| 3 | Debt instruments through other comprehensive income | (45.24) | (30.39) |
| Total Amount of items that will be reclassified to profit and loss | (152.21) | (158.51) | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | (11.39) | (7.65) |
| 5 | Total Other comprehensive income | (32.64) | (70.55) |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | ||||
| B | Date of end of reporting period | 30-09-2026 | ||||
| C | Whether results are audited or unaudited | Unaudited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 3,202.38 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 10,050.52 | |||||
| Adjustments for decrease (increase) in inventories | (414.02) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (6,205.18) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 1,822.46 | |||||
| Adjustments for decrease (increase) in other current assets | (1,172.20) | |||||
| Adjustments for decrease (increase) in other non-current assets | (1,596.82) | |||||
| Adjustments for other financial assets, non-current | 6,598.26 | |||||
| Adjustments for other financial assets, current | (9,933.51) | |||||
| Adjustments for other bank balances | 4,768.06 | |||||
| Adjustments for increase (decrease) in trade payables, current | 1,730.97 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 6,105.80 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 2,630.59 | |||||
| Adjustments for depreciation and amortisation expense | 21,594.96 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 268.06 | |||||
| Adjustments for provisions, non-current | 205.70 | |||||
| Adjustments for other financial liabilities, current | (5,694.39) | |||||
| Adjustments for other financial liabilities, non-current | 318.15 | |||||
| Adjustments for unrealised foreign exchange losses gains | 291.50 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 4,823.06 | |||||
| Adjustments for share-based payments | 304.09 | |||||
| Adjustments for fair value losses (gains) | (902.51) | |||||
| 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 | (1,216.09) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 24,731.34 | |||||
| Net cash flows from (used in) operations | 27,933.72 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 2,712.69 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 25,221.03 | |||||
| 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 | 3,376.62 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 84,120.37 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 96,927.66 | |||||
| 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 | 92.78 | |||||
| Purchase of property, plant and equipment | 29,834.53 | |||||
| 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 | 4,380.48 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 30,570.00 | |||||
| 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 | 6,188.32 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) investing activities | (13,547.82) | |||||
| 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 | 2.53 | |||||
| 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 | 53,633.16 | |||||
| Repayments of borrowings | 45,461.84 | |||||
| Payments of lease liabilities | 18,200.63 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 2,612.91 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | (12,639.69) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (966.48) | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | (9.02) | |||||
| Net increase (decrease) in cash and cash equivalents | (975.50) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 3,592.79 | |||||
| Cash and cash equivalents cash flow statement at end of period | 2,617.29 | |||||
| Whether results are audited or unaudited | Unaudited |
|---|---|
| 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 | ||
|---|---|---|---|---|---|