Mahindra Holidays & Resorts India Ltd's Q3FY25 Quarter Results
- 1d ago
Result Summary
- Mahindra Holidays & Resorts India Ltd reported a 0.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.6%.
- Its expenses for the quarter were down by 2.2% QoQ and up 0.4% YoY.
- The net profit increased 208.5% QoQ and increased 236.4% YoY.
- The earnings per share (EPS) of Mahindra Holidays & Resorts India Ltd stood at 1.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 710.39 | 706.18 | 666.33 | 0.6% | 6.6% |
Total Expenses | 662.69 | 677.36 | 660.15 | -2.2% | 0.4% |
Profit Before Tax | 47.70 | 28.82 | 6.17 | 65.5% | 673.1% |
Tax | 12.54 | 16.63 | -4.23 | -24.6% | -396.5% |
Profit After Tax | 35.42 | 11.48 | 10.53 | 208.5% | 236.4% |
Earnings Per Share | 1.70 | 0.70 | 0.60 | 142.9% | 183.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mahindra Holidays & Resorts India Ltd is a prominent player in the leisure and hospitality industry, primarily focused on providing vacation ownership and holiday experiences. The company is a part of the Mahindra Group, a diversified multinational conglomerate with operations in various sectors. Mahindra Holidays is best known for its flagship brand, Club Mahindra, which offers membership-based vacation plans at its numerous resorts. Notably, the company caters to the burgeoning demand for personalized and family-oriented holiday experiences. While specific recent developments for Mahindra Holidays are not provided, the company typically capitalizes on trends such as increased domestic tourism and the growing preference for experiential travel.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Mahindra Holidays & Resorts India Ltd reported a total income of ₹710.39 crores, representing a quarter-over-quarter (QoQ) increase of 0.6% from ₹706.18 crores in the second quarter of fiscal year 2025 (Q2FY25). Compared to the third quarter of fiscal year 2024 (Q3FY24), the total income showed a year-over-year (YoY) growth of 6.6% from ₹666.33 crores. This upward trend in revenue over both periods suggests a consistent performance in income generation, likely driven by sustained demand for vacation ownership and holiday services.
Profitability
The company's profitability metrics demonstrate significant improvements. For Q3FY25, the profit before tax was ₹47.70 crores, marking a substantial QoQ increase of 65.5% from ₹28.82 crores in Q2FY25. On a YoY basis, profit before tax surged by 673.1% from ₹6.17 crores in Q3FY24. The profit after tax for Q3FY25 was ₹35.42 crores, showing an impressive QoQ rise of 208.5% from ₹11.48 crores in Q2FY25, and a YoY increase of 236.4% from ₹10.53 crores in Q3FY24. The tax expense for this quarter was ₹12.54 crores, which decreased by 24.6% QoQ from ₹16.63 crores. The YoY comparison shows a reversal from a tax benefit of ₹4.23 crores in Q3FY24 to a tax expense in the current quarter. Earnings per share (EPS) also rose to ₹1.70 in Q3FY25, up from ₹0.70 in Q2FY25 and ₹0.60 in Q3FY24.
Operating Metrics
In terms of expenses, Mahindra Holidays reported total expenses of ₹662.69 crores in Q3FY25, which decreased by 2.2% QoQ from ₹677.36 crores in Q2FY25. On a YoY basis, expenses increased marginally by 0.4% from ₹660.15 crores in Q3FY24. This modest increase in expenses, coupled with the significant rise in profit metrics, illustrates the company's ability to manage its operational costs effectively while enhancing profitability. The earnings per share (EPS) saw a notable increase, reflecting the improvement in the company's profit margins and overall financial health during the quarter.
