MHRIL Mahindra Holidays & Resorts India Q3 FY26 results (Oct–Dec 2025) and concall
Mahindra Holidays reported a strong Q3 FY26 for its standalone business, with consolidated revenue up 10% and standalone EBITDA growing 17% with significant margin expansion. The company continued its inventory expansion, adding 273 keys and three new resorts, and saw a 58% rise in AUR for new members. However, consolidated PAT was severely impacted by the underperformance of the international HCR business due to weather and geopolitical factors, alongside one-off charges.
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What they filed
Q3 FY26: revenue up 11.1%, net profit down 97.1% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|
| Revenue | 678 | 779 | 701 | 717 | 753 +11% |
| EBITDA | 146 | 204 | 122 | 152 | 144 −1% |
| Net profit | 35 | 73 | 7 | 17 | 1 −97% |
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.
