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	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	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

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	Consolidated	Consolidated
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	7788254000	27808541000
	Other income	283309000	1289575000
	Total income	8071563000	29098116000
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	2005864000	7716252000
(e)	Finance costs	383757000	1481661000
(f)	Depreciation, depletion and amortisation expense	918731000	3660045000
(f)	Other Expenses
1	Cost of vacation ownership weeks	578226000	1795206000
2	Other Expenses	3160414000	12508777000
	Total other expenses	3738640000	14303983000
	Total expenses	7046992000	27161941000
3	Total profit before exceptional items and tax	1024571000	1936175000
4	Exceptional items	0	0
5	Total profit before tax	1024571000	1936175000
6	Tax expense
7	Current tax	331000	28032000
8	Deferred tax	294291000	637838000
9	Total tax expenses	294622000	665870000
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	729949000	1270305000
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	-458000	-10854000
16	Total profit (loss) for period	729491000	1259451000
17	Other comprehensive income net of taxes	875778000	1273477000
18	Total Comprehensive Income for the period	1605269000	2532928000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	730820000	1275864000
	Total profit or loss, attributable to non-controlling interests	-1329000	-1329000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	869500000	1267199000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	6278000	6278000
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	3.63	6.33
	Diluted earnings (loss) per share from continuing operations	3.62	6.33
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	3.63	6.33
	Diluted earnings (loss) per share from continuing and discontinued operations	3.62	6.33
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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	48641369000
	Capital work-in-progress	3648035000
	Investment property	0
	Goodwill	1080855000
	Other intangible assets	309188000
	Intangible assets under development	424276000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	168551000
	Non-current financial assets
	Non-current investments	72307000
	Trade receivables, non-current	2002766000
	Loans, non-current	0
	Other non-current financial assets	7554968000
	Total non-current financial assets	9630041000
	Deferred tax assets (net)	2145526000
	Other non-current assets	9840137000
	Total non-current assets	75887978000
2	Current assets
	Inventories	6942083000
	Current financial asset
	Current investments	7285914000
	Trade receivables, current	11410839000
	Cash and cash equivalents	370979000
	Bank balance other than cash and cash equivalents	2341180000
	Loans, current	4816000
	Other current financial assets	1899629000
	Total current financial assets	23313357000
	Current tax assets (net)	0
	Other current assets	0
	Total current assets	30255440000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	106143418000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	2016418000
	Other equity	5788077000
	Total equity attributable to owners of parent	7804495000
	Non controlling interest	82865000
	Total equity	7887360000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	7816572000
	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	19673049000
	Total non-current financial liabilities	27489621000
	Provisions, non-current	108527000
	Deferred tax liabilities (net)	1911932000
	Deferred government grants, Non-current	0
	Other non-current liabilities	49706280000
	Total non-current liabilities	79216360000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2058346000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	16137000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	3513271000
	Total Trade payable	3529408000
	Other current financial liabilities	3881954000
	Total current financial liabilities	9469708000
	Other current liabilities	9480441000
	Provisions, current	89549000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	19039698000
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	98256058000
	Total equity and liabilites	106143418000
	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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	MHRIL	4032201000	15617483000
2	HCRO	4091009000	13480633000
3	Other unallocable expenditure net of unallocable income	-51647000	0
	Total Segment Revenue	8071563000	29098116000
	Less: Inter segment revenue	0	0
	Revenue from operations	8071563000	29098116000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	MHRIL	733917000	2530157000
2	HCRO	484752000	-172985000
3	Other unallocable expenditure net of unallocable income	-194556000	-431851000
	Total Profit before tax	1024113000	1925321000
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income	0	0
	Profit before tax	1024113000	1925321000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	MHRIL	79724688000	79724688000
2	HCRO	26390420000	26390420000
3	Other unallocable expenditure net of unallocable income	28310000	28310000
	Total Segment Asset	106143418000	106143418000
	Un-allocable Assets	0	0
	Net Segment Asset	106143418000	106143418000
4	Segment Liabilities
	Segment Liabilities
1	MHRIL	68967831000	68967831000
2	HCRO	21648096000	21648096000
3	Other unallocable expenditure net of unallocable income	7640131000	7640131000
	Total Segment Liabilities	98256058000	98256058000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	98256058000	98256058000
	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	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 liabilities / (assets)	-11121000	-12917000
2	Freehold land revaluation	1004317000	1004317000
	Total Amount of items that will not be reclassified to profit and loss	993196000	991400000
2	Income tax relating to items that will not be reclassified to profit or loss	147107000	-264730000
3	Amount of items that will be reclassified to profit and loss
1	Exchange differences on translating the financial statements of foreign operations	138420000	103741000
2	Net Gain / (Loss) on net investment hedge	-109226000	-89487000
3	Debt instruments through other comprehensive income	1535000	4133000
	Total Amount of items that will be reclassified to profit and loss	30729000	18387000
4	Income tax relating to items that will be reclassified to profit or loss	1040000	1040000
5	Total Other comprehensive income	875778000	1273477000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1936175000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1481661000
	Adjustments for decrease (increase) in inventories			-792113000
	Adjustments for decrease (increase) in trade receivables, current			-174443000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	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			-418947000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			1605536000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			3660045000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			72361000
	Adjustments for provisions, current			23577000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			62865000
	Adjustments for dividend income			0
	Adjustments for interest income			650730000
	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			-153555000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			4275775000
	Net cash flows from (used in) operations			6211950000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-2647000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			6214597000
	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			0
	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			1430000
	Purchase of property, plant and equipment			3263392000
	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			4137976000
	Cash receipts from repayment of advances and loans made to other parties			3201416000
	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			384093000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-4006104000
	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			8702312000
	Repayments of borrowings			7955772000
	Payments of lease liabilities			3170317000
	Dividends paid			135000
	Interest paid			448914000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-2849329000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-640836000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-17224000
	Net increase (decrease) in cash and cash equivalents			-658060000
	Cash and cash equivalents cash flow statement at beginning of period			1029039000
	Cash and cash equivalents cash flow statement at end of period			370979000