Mahindra Holidays & Resorts India Limited (MHRIL) has released its investor presentation for the third quarter of FY2026, ending December 31, 2025. The company reported unaudited standalone and consolidated financial results along with a business overview. For the standalone operations, total income increased by 6.0% to ₹415.0 crore in Q3 FY26 from ₹391.4 crore in Q3 FY25. EBITDA rose by 17.4% to ₹149.1 crore, and Profit After Tax (PAT) grew by 8.3% to ₹54.9 crore. Excluding one-off impacts, PAT increased by 16.7% year-on-year. The company also noted improvements in its key operational metrics, including a 16% increase in resort revenue to ₹125 crore and an 81.5% occupancy rate. On a consolidated basis, total income grew by 10.1% to ₹782.5 crore. However, EBITDA saw a slight decrease of 2.1% to ₹173.9 crore. PAT for the consolidated entity dropped significantly by 96.0% to ₹1.4 crore, primarily due to a substantial forex loss of ₹6.2 crore in Q3 FY26 compared to a forex gain of ₹16.3 crore in Q3 FY25, and an exceptional item related to the new Labour Code. The presentation highlighted MHRIL's strategic focus on scaling its core business and building new growth vectors, aiming for 12,000 keys by FY30. Key initiatives include the launch of a new product, 'Keystone', resort transformations, and expanding the network with new resorts. The company also reported a 58% increase in new membership sales value to ₹185 crore and a 50% rise in member additions to 1493, with 63% of new members acquired through referrals and digital channels. Holiday Club Resorts (HCR), a subsidiary, experienced a revenue of €33.0 million in Q3 FY26, with an operating profit of -€3.1 million and a PAT of -€3.8 million, impacted by macroeconomic headwinds and adverse weather conditions.
