MHRIL Mahindra Holidays & Resorts India Q2 FY27 results (Jul–Sep 2026) and concall
MHRIL's Q2 FY27 showed better operations: occupancy rose 220 bps to 75.6%, resort revenue grew 15% and Keystone upgrades and realizations were strong. Standalone profitability fell because of investment in transformation, new resorts, brand and capabilities, while consolidated PAT grew 17% to ₹19.7 crores, helped by a smaller HCRO drag. The company keeps pruning lower-rated resorts (net -103 keys in the quarter) and expects about 1,000 gross keys over the next 6 months, with 85% funnel visibility on its 10,000-key FY30 target. Capex nearly doubled to ₹312 crores in H1 and will be funded from i
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What they filed
Q2 FY27: revenue up 9.3%, net profit up 17.6% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 678 | 779 | 701 | 717 | 753 +11% | 820 +5% | 733 +5% | 784 +9% |
| EBITDA | 146 | 204 | 122 | 152 | 144 −1% | 197 −3% | 113 −7% | 159 +5% |
| Net profit | 35 | 73 | 7 | 17 | 1 −97% | 41 −44% | -9 −229% | 20 +18% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
