Mahindra reports 37% YoY rise in consolidated PAT for FY25
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Q4 standalone PAT up 61% YoY; adds 7 new managed resorts during the year.
Mahindra Holidays & Resorts India Ltd. has reported a 37% year-on-year increase in consolidated profit after tax (PAT) for the financial year ending March 31, 2025, alongside a 25% growth in standalone PAT. For the fourth quarter (Q4 FY25), standalone PAT rose 61% YoY, while consolidated PAT grew by 12%.
The highlights of FY25 include, the company notices highest ever inventory addition of 520 keys; a strong growth in resort revenue, INR 396 Cr (+8% YoY); it welcomed 1.4 million+ guests with stableoccupancy at 84% on expanded inventory base; Average Unit Realisation (AUR) at INR 5.73L (+ 39% YoY); the deferred Revenue stands at INR. 5,736 Cr; and the cash positioned at INR 1555 crore as on March 31, 25.
The highlights Q4FY25 include, the company’s inventory expanded by 149 keys to 5847 keys; the resort revenue saw an acceleration of INR 107 Cr (+14% YoY); Seven new managed resorts were added to the network at Dindi, Andhra Pradesh and Ranthambore, Rajasthan with the completion of phase-2 inventory addition at Pavagadh, Gujarat; the resort occupancy of 85% on expanded inventory base; Average Unit Realisation (AUR) at INR 7.72L (+ 82% YoY); and cumulative member base grows to 3,04,508.
Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd., said, " Our network expansion momentum further gained pace with the addition of more than 500 keys to our portfolio in FY25. Our consistent delivery of exceptional customer experience has helped us deliver double-digit growth in resort revenues for two consecutive quarters. We have recorded significant growth in average unit sales realization as part of our premiumization strategy.
Our domestic business has been robust with FY25 standalone profit growth of 25% and margin expansion by 170 bps. Our European operations, HCRO, has delivered a steady performance despite multiple economic headwinds. Our FY25 consolidated profits are up by 37%, reflecting our focus on improving our operating metrics."