Mahindra Holidays & Resorts India quarterly results and financials

Mahindra Holidays & Resorts India (MHRIL)₹197.90−1.72%(9 Nov 2026 close)Hotels & Resorts

Key facts

In the Sep 2026 quarter (consolidated), Mahindra Holidays & Resorts India reported sales of ₹786 Cr, up 9.3% from Sep 2025, and net profit of ₹19.97 Cr, up 17.6% year on year. For the year to Mar 2026, sales were ₹3,003 Cr and net profit ₹66.93 Cr.

Sales (Sep 2026): ₹786 Cr
Net profit (Sep 2026): ₹19.97 Cr
Sales (FY Mar 2026): ₹3,003 Cr
Net profit (FY Mar 2026): ₹66.93 Cr
EPS (Sep 2026): ₹0.98
Borrowings (Mar 2026): ₹3,820 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Mahindra Holidays & Resorts India quarterly results

₹ crore unless stated; each column is a quarter.

Mahindra Holidays & Resorts India Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	637	802	656	673	680	782	704	719	756	823	736	786
Expenses	532	615	550	550	535	576	581	567	611	625	622	629
Operating Profit	105	186	105	123	146	203	122	151	144	197	113	159
OPM %	16.9%	23.0%	16.0%	18.0%	20.9%	26.0%	17.0%	20.9%	18.9%	23.9%	14.9%	19.9%
Other Income	32.10	30.08	33.10	35.10	32.11	28.08	39.12	32.10	19.06	24.08	41.13	36.15
Interest	45.12	22.06	35.10	38.14	37.12	38.10	39.13	48.16	47.16	47.13	47.13	53.16
Depreciation	85.79	85.89	88.86	91.74	92.78	91.76	95.85	101	104	109	109	107
Profit before tax	6.02	109	14.05	28.12	48.17	102	26.09	36.12	12.05	65.28	−3.01	34.11
Tax %	−66.9%	24.1%	57.1%	59.1%	26.1%	29.0%	73.1%	52.1%	88.1%	36.1%	168.1%	42.1%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.18	0.00	0.00	0.00
Net Profit	10.99	82.88	5.99	10.99	34.95	72.95	6.99	16.98	0.99	40.96	−8.99	19.97
EPS (Rs)	0.57	4.07	0.28	0.67	1.71	3.61	0.38	0.87	0.10	2.05	−0.42	0.98

Mahindra Holidays & Resorts India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Mahindra Holidays & Resorts India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,607	2,274	2,327	2,245	2,380	1,735	2,021	2,527	2,713	2,791	3,003	3,101
Expenses	1,334	1,939	1,954	2,062	2,001	1,495	1,696	2,045	2,189	2,201	2,367	2,486
Operating Profit	272	334	368	183	374	240	322	480	520	585	630	611
OPM %	16.9%	14.9%	16.0%	8.0%	15.9%	14.0%	16.0%	19.0%	19.0%	21.0%	20.9%	19.7%
Other Income	−4.02	27.08	34.09	55.17	58.21	116	164	106	114	129	113	120
Interest	25.09	32.10	86.34	40.13	85.33	91.25	105	126	140	157	198	195
Depreciation	97.73	106	99.87	101	246	263	270	289	337	365	408	428
Profit before tax	147	225	218	98.44	101	2.01	111	172	161	194	140	108
Tax %	38.1%	35.1%	39.1%	39.1%	232.1%	667.1%	39.1%	33.1%	27.1%	35.0%	52.1%	—
Exceptional items	0.99	0.00	3.99	0.99	0.00	6.98	0.99	−0.99	5.98	0.00	−3.99	6.18
Net Profit	89.88	146	133	59.95	−134	−13.98	67.98	114	116	126	66.93	52.93
EPS (Rs)	4.33	7.43	6.59	3.01	−6.58	−0.64	3.36	5.71	5.71	6.30	3.43	2.71
Dividend payout %	51.0%	30.0%	40.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Mahindra Holidays & Resorts India balance sheet

₹ crore, at each year end.

Mahindra Holidays & Resorts India Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	88.35	88.38	88.32	134	134	134	134	201	202	203	203	203
Reserves	635	417	507	578	148	−86.71	−47.86	49.87	188	322	498	574
Borrowings	124	703	772	809	828	2,429	2,483	2,561	2,617	2,734	3,127	3,820
Other Liabilities	1,975	2,410	2,580	2,975	5,918	6,153	5,728	5,787	6,072	6,352	6,545	6,571
Total Liabilities	2,822	3,618	3,949	4,494	7,028	8,630	8,296	8,597	9,079	9,610	10,372	11,168
Fixed Assets	1,030	1,338	1,271	1,457	2,433	3,856	3,963	4,178	4,413	4,581	4,998	5,731
CWIP	94.71	74.77	171	112	226	249	124	122	182	243	406	360
Investments	144	61.16	104	455	325	407	77.26	307	575	677	756	698
Other Assets	1,555	2,144	2,403	2,471	4,044	4,117	4,131	3,990	3,908	4,109	4,213	4,381
Inventories	5.99	378	394	519	569	551	553	540	569	596	693	832
Trade receivables	874	937	1,023	1,079	1,115	1,249	970	968	1,023	1,106	1,144	1,233
Cash & equivalents	22.05	111	214	72.21	79.19	280	404	436	227	292	272	102
Total Assets	2,822	3,618	3,949	4,494	7,028	8,630	8,296	8,597	9,079	9,610	10,372	11,168

Mahindra Holidays & Resorts India cash flow

₹ crore, for each year.

Mahindra Holidays & Resorts India Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	201	242	276	551	263	561	382	499	681	625	622	531
Cash from investing activity	−307	−377	−181	−545	−238	−280	−234	−256	−208	−446	−401	−216
Cash from financing activity	78.09	274	−6.01	−144	−21.05	−255	−154	−217	−460	−190	−286	−315
Net cash flow	−29.98	137	88.06	−140	3.99	26.02	−6.01	23.01	14.01	−12.99	−65.99	−1.01
Capex	135	191	154	212	175	150	121	132	262	339	327	422
Free cash flow	67.27	68.21	129	349	99.39	419	264	377	426	311	296	140
CFO / OP %	127.0%	111.0%	102.0%	173.0%	189.0%	167.0%	159.0%	136.0%	141.0%	110.0%	106.0%	102.0%

Mahindra Holidays & Resorts India ratios

Working-capital days and returns, by year.

Mahindra Holidays & Resorts India Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	393	214	165	170	182	193	205	176	149	150	151	151
Inventory days	—	703	411	540	499	418	735	746	592	609	753	876
Days payable	—	479	246	272	251	235	410	481	414	400	384	349
Cash conversion cycle	393	439	331	439	432	377	531	442	328	360	521	679
Working capital days	230	150	123	115	122	45	138	14	68	−58	9	63
ROCE %	17.0%	16.0%	19.0%	19.9%	10.0%	9.9%	4.0%	8.0%	9.9%	9.0%	10.0%	8.0%

Mahindra Holidays & Resorts India: frequently asked questions

What are the latest quarterly results of Mahindra Holidays & Resorts India?

For the Sep 2026 quarter, Mahindra Holidays & Resorts India reported sales of ₹786 Cr, up 9.3% year on year and net profit of ₹19.97 Cr, up 17.6% year on year. The operating margin was 19.9%.

What is the annual revenue of Mahindra Holidays & Resorts India?

Mahindra Holidays & Resorts India's sales for the year to Mar 2026 were ₹3,003 Cr; over the last twelve months they were ₹3,101 Cr.

What is the net profit of Mahindra Holidays & Resorts India?

Net profit for the year to Mar 2026 was ₹66.93 Cr, and ₹52.93 Cr over the last twelve months. Earnings per share over the same trailing period were ₹2.71.

How much debt does Mahindra Holidays & Resorts India have?

Mahindra Holidays & Resorts India reported borrowings of ₹3,820 Cr at Mar 2026, against cash and equivalents of ₹102 Cr.

What is the free cash flow of Mahindra Holidays & Resorts India?

Cash from operations was ₹531 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹140 Cr.

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