Mahindra Holidays & Resorts India Ltd

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• DebtHigh safetyRated AA- by India Ratings.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 9.3% and profit rose 18% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 67% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 75.7 times its yearly earnings (P/E), pricier than 65% of the time in the last 5 years. Its usual P/E is about 36.

Mahindra Holidays & Resorts India Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)75.7 against a typical 25.5: pricier than most peers (1st = cheapest).63rd of 74
• Sales growth+9.3% against a typical +10.3% from a year earlier.38th of 70
• Profit growth+17.6% against a typical +17.9% from a year earlier.26th of 50
• Share price, 3 months−14.8% against a typical −7.9%.51st of 67

Exchange filings and their impact on the company.

• 27 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice +0.1% that day
  Strong resort growth and 1000 new keys in 6 months support double-digit revenue growth with near-term margin drag from renovations.

  Mahindra Holidays reported Q2 FY27 consolidated income of Rs 819 crores, up 9%, with PAT up 17% to Rs 19.7 crores, while standalone PAT fell on growth costs. Resort revenue grew 15% with occupancy at 75.6% and TRevPAR up 6% to Rs 8777, and member upgrade value grew 26% to Rs 83 crores. The company plans to add about 1000 keys in the next 6 months toward 10000 keys by FY30 after spending Rs 312 crores in H1, funded by internal accruals with Rs 1329 crores cash on hand.

  Full analysisFiling
• 21 Oct 2026Outcome of Board MeetingMedium impactNeutralPrice +0.4% that day
  Q2 revenue grew 9% YoY to Rs 784 cr and swung back to profit, but cost pressure left H1 profit down 54%.

  Mahindra Holidays reported Q2 FY27 consolidated revenue of Rs 784.1 crore, up 9.3% from last year, with net profit of Rs 19.7 crore versus Rs 16.9 crore a year ago, reversing a loss in Q1. For the half year, revenue was Rs 1,516.9 crore but profit was Rs 11.2 crore, down from Rs 24.1 crore last year as employee and finance costs rose. The India business remained profitable while the European Holiday Club loss narrowed sharply from Q1, supporting continued resort expansion.

  Full analysisFiling
• 15 Oct 2026ResignationLow impactNeutralPrice +0.8% on 16 Oct
  Chief - Strategic Initiatives Rohit Malik resigns effective Oct 31, 2026; no operational impact expected.

  Mahindra Holidays & Resorts informed exchanges on October 15, 2026 that Mr. Rohit Malik, Chief - Strategic Initiatives, has resigned to pursue personal, social and professional interests beyond full-time employment. The resignation is effective from close of business on October 31, 2026. No successor or financial details were disclosed, and the change is limited to one senior management role with no expected impact on day-to-day operations.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Manoj Bhat

Chief Executive Officer, Managing Director, Executive Director

Rajiv Vimal

Chief Financial Officer

Ghanashyam Hegdekatte

Chief Human Resources Officer

Vineet Bhardwaj

Chief Technology Officer

Mansi Shashwat Laheri

Compliance Officer, Company Secretary

Julian Ayers

Chief Resorts Officer

Manish Goel

Chief Projects Officer

Hoshedar Havewala

Chief Legal Officer