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Mahindra Holidays & Resorts India share price & results

Mahindra Holidays & Resorts India Limited· Consumer Services· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Vacation-ownership operator running the Club Mahindra resort network plus Holiday Club Resorts in Europe.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue784 ₹ crore+9.3% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin20.0 %−1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit20.0 ₹ crore+17.6% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity6.04 %−10.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin4.65 %−6.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)7.48 %+4.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

1 of 6 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.

Mahindra Holidays & Resorts India Limited management guidance track record on Inve: 16 targets tracked across analysed earnings calls (1 achieved, 5 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
Gross Room Additions FY261,000 rooms by March 2026
Call transcript, Q1 FY26 · 24 Jul 2025		Q1 FY26Q1 FY27:Promise period (FY26) has ended. Final status was achieved_diluted.
Call transcript, Q1 FY27 · 23 Jul 2026		Achieved*
HCR EBIT FY26Close to break-even for FY26
Call transcript, Q3 FY26 · 29 Jan 2026		Q3 FY26Q1 FY27:Promise period (FY26) has ended. Final status was missed.
Call transcript, Q1 FY27 · 23 Jul 2026		Missed
First Signature Resort LaunchF'27 Q3 or Q4
Call transcript, Q2 FY26 · 24 Nov 2025		Q2 FY26Q1 FY27:As of now, I think this will be probably in the second half of F '28, somewhere in probably the fourth quarter is what we are targeting.
Call transcript, Q1 FY27 · 23 Jul 2026		Delayed

Source: Inve Guidance Tracker for Mahindra Holidays & Resorts India Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Mahindra Holidays & Resorts India Limited's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Price

₹184.79 +0.11% · +₹0.2

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −44.5% 1Y

₹200₹250₹300Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Nov 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 27 Apr 2026Q1 FY27 — 23 Jul 2026

1Y: ₹333.05 on 24 Oct 2025 → ₹184.79. High ₹335 (29 Oct 2025), low ₹184.59 (26 Oct 2026).

Previous close
₹184.59
Market cap
₹3.7k Cr
52-week range
₹184.59 – ₹335
One year
−44.42%
Price to earnings (TTM to Sept 2026)
77.97×
Return on equity (TTM to Sept 2026)
6.04%

Overview

Symbol
NSE:MHRIL
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Mahindra Holidays & Resorts India Limited does

Based on the company's own presentations, annual report and earnings calls.

Mahindra Holidays & Resorts India Limited (MHRIL) is a vacation-ownership (timeshare) company that sells long-tenure holiday memberships giving members annual usage rights across its resort network, marketed under the Club Mahindra brand. It earns through upfront vacation-ownership fees, recurring Annual Subscription Fees (ASF), interest income on member receivables, and resort-level income from food & beverage, spa and other guest experiences at its owned and managed resorts. Beyond India, MHRIL operates a European timeshare and spa-hotel business, Holiday Club Resorts (HCR), across Finland, Sweden and Spain. Members can also exchange their holiday weeks for stays at thousands of partner resorts worldwide through exchange programs such as RCI and Horizon.

Segments

  • Vacation Ownership - India (MHRIL Standalone)
  • Holiday Club Resorts (HCR) - Europe
Cumulative membership base (India)
~304,000 members
India resort room inventory
6,228 keys
India resort network
125+ resorts across India
Global resort footprint
~160 resorts globally
Partner hotel network (India)
~400 partner hotels
Exchange network reach
4,300+ resorts accessible via RCI/Horizon exchange programs
Founded 1996Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q1 FY27
+3.0%
23 Jul
Q4 FY26
−1.8%
27 Apr
Q3 FY26
−2.4%
29 Jan
Q2 FY26
−3.5%
24 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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