*Mahindra Holidays & Resorts India Ltd.*
Q2FY22 Result Quarterly Announced for Mahindra Holidays & Resorts India Ltd.
Highlights
Member additions for the quarter at 3,943 vs 2,681 in Q2 FY21.
Resort operational occupancies at 73% vs 30% in Q2 FY21.
Total room inventory of 4,233 rooms across 78 resorts.
Cumulative member base stands at 2,58,815.
MHRIL Standalone
Total Income at Rs. 265.2 Crs, up by 25.3% YoY
EBITDA at Rs. 89.0 Crs, up by 19.5% YoY
PBT at Rs. 54.9 Crs, up by 19.9% YoY
PAT at Rs. 40.6 Crs, up by 20.2% YoY
Cash position at Rs. 1,041 Crs as on Sep'21 vs Rs. 950 Crs as on Jun'21.
MHRIL Consolidated
Total Income at Rs. 593.3 Crs, up by 16.1% YoY
EBITDA at Rs. 165.2 Crs, up by 34.3% YoY
EBITDA Margin at 27.8%, up by 377 bps
PBT at Rs. 78.1 Crs, up by 91.2% YoY
PBT Margin at 13.2%, up by 517 bps YoY
PAT at Rs. 59.8 Crs, up by 107.7% YoY
Commenting on the results, Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd. said, "Our performance has surpassed pre-pandemic levels driven by a strong focus on ramp up of resort operations, after second Covid wave, with world class safety and hygiene protocols. Our resilient business model along with focus on member experiences has helped us achieve higher resort occupancies, member additions and PBT growth of 20% YoY along with improvement in cash position."
Commenting on European operations, he added, "Vaccination rollout has improved the travel sentiment in Europe. With the onset of summer holiday season and domestic leisure travel gaining momentum, Holiday Club Resorts delivered significant improvement in performance with PBT of Euro 2.45 Mn this quarter. Going forward, we expect domestic leisure travel to remain buoyant and our focus on growth initiatives will continue."