Integrated Filing — IndAS

General information about company
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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	25-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	28-Mar-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
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	Single segment
Description of single segment	Vacation Ownership
Start date and time of board meeting	25-Apr-2025   10:25:00
End date and time of board meeting	25-Apr-2025   15:35:00
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
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	Yes
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	Yes
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-03-31
Indicate Company website link for updated RPT policy of the Company	https://www.clubmahindra.com/storage/app/media/Corp%20docu%20new1/Policy%20on%20RPT.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
The Disclosures is not applicable as there is no default.

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	3613384000	14002990000
	Other income	366611000	1446112000
	Total income	3979995000	15449102000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	1032583000	3989938000
(e)	Finance costs	116578000	441643000
(f)	Depreciation, depletion and amortisation expense	441498000	1779608000
(f)	Other Expenses
1	Other Expenses	1630379000	6542111000
	Total other expenses	1630379000	6542111000
	Total expenses	3221038000	12753300000
3	Total profit before exceptional items and tax	758957000	2695802000
4	Exceptional items	0	0
5	Total profit before tax	758957000	2695802000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	184019000	690959000
9	Total tax expenses	184019000	690959000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	574938000	2004843000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	574938000	2004843000
17	Other comprehensive income net of taxes	944914000	1389229000
18	Total Comprehensive Income for the period	1519852000	3394072000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	2016418000	2016418000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.85	9.95
	Diluted earnings (loss) per share from continuing operations	2.85	9.94
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	2.85	9.95
	Diluted earnings (loss) per share from continuing and discontinued operations	2.85	9.94
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	29687383000
	Capital work-in-progress	3556460000
	Investment property	0
	Goodwill	0
	Other intangible assets	69279000
	Intangible assets under development	219634000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	3935685000
	Trade receivables, non-current	1876869000
	Loans, non-current	2222199000
	Other non-current financial assets	7535691000
	Total non-current financial assets	15570444000
	Deferred tax assets (net)	1127366000
	Other non-current assets	9809520000
	Total non-current assets	60040086000
2	Current assets
	Inventories	67032000
	Current financial asset
	Current investments	7285914000
	Trade receivables, current	10531152000
	Cash and cash equivalents	105927000
	Bank balance other than cash and cash equivalents	2190552000
	Loans, current	4771000
	Other current financial assets	6775000
	Total current financial assets	20125091000
	Current tax assets (net)	0
	Other current assets	1421834000
	Total current assets	21613957000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	81654043000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	2016418000
	Other equity	10865611000
	Total equity attributable to owners of parent	12882029000
	Non controlling interest
	Total equity	12882029000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	5545876000
	Total non-current financial liabilities	5545876000
	Provisions, non-current	103983000
	Deferred tax liabilities (net)	1755776000
	Deferred government grants, Non-current	0
	Other non-current liabilities	49706280000
	Total non-current liabilities	57111915000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	14519000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2206813000
	Total Trade payable	2221332000
	Other current financial liabilities	1424138000
	Total current financial liabilities	3645470000
	Other current liabilities	7929380000
	Provisions, current	85249000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	11660099000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	68772014000
	Total equity and liabilites	81654043000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements of the defined benefit liabilities / (assets)	-11121000	-12917000
2	Freehold land revaluation	1120212000	1120212000
	Total Amount of items that will not be reclassified to profit and loss	1109091000	1107295000
2	Income tax relating to items that will not be reclassified to profit or loss	164672000	-278841000
3	Amount of items that will be reclassified to profit and loss
1	Debt instruments through other comprehensive income	1535000	4133000
	Total Amount of items that will be reclassified to profit and loss	1535000	4133000
4	Income tax relating to items that will be reclassified to profit or loss	1040000	1040000
5	Total Other comprehensive income	944914000	1389229000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			2695802000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			441643000
	Adjustments for decrease (increase) in inventories			-10950000
	Adjustments for decrease (increase) in trade receivables, current			-400347000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			1407444000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-85995000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			1779608000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			39823000
	Adjustments for provisions, current			20103000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-70708000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-41010000
	Adjustments for dividend income			0
	Adjustments for interest income			774760000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-440482000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-148469000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			1715900000
	Net cash flows from (used in) operations			4411702000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-42977000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			4454679000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			252000
	Other cash receipts from sales of equity or debt instruments of other entities			12279181000
	Other cash payments to acquire equity or debt instruments of other entities			12470856000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			1456000
	Purchase of property, plant and equipment			2645756000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			3987857000
	Cash receipts from repayment of advances and loans made to other parties			3052702000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			541685000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-98897000
	Net cash flows from (used in) investing activities	-3328594000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			23497000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			392684000
	Repayments of borrowings			392684000
	Payments of lease liabilities			1316828000
	Dividends paid			135000
	Interest paid			96000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-1293562000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-167477000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-167477000
	Cash and cash equivalents cash flow statement at beginning of period			273404000
	Cash and cash equivalents cash flow statement at end of period			105927000