Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Mahindra Holidays & Resorts India Limited announces results for the quarter ended 31stDecember 2020

Posted On: 2021-01-25 03:58:15 (Time Zone: Arizona, USA)

Mahindra Holidays & Resorts India Limited (The Company), India's leading leisure hospitality provider announced its standalone and consolidated financial results for the quarter ended Dec 31St, 2020 today.

Q3 FY'21 Highlights - Standalone

- PBT at Rs. 55.0 Crs; up by 42.1% YoY; PBT Margin at 22.3% (up by 788 bps)
- PAT at Rs. 40.6 Crs; up by 62.8% YoY; PAT Margin at 16.5% (up by 718 bps)
- Member additions at 3,291
- Cumulative member base at 2,63,952
- Resort Occupancy at 75% as compared to 30% in Q2 FY21
- Healthy cash position at Rs 847.6 Crs

YTD Dec'20 Highlights - Standalone

- EBITDA at Rs. 222.7 Crs; up by 21.6% YoY; EBITDA Margin at 34.0% (up by 1062 bps)
- PBT at Rs. 137.0 Crs; up by 44.4% YoY; PBT Margin at 20.9% (up by 881 bps)
- PAT at Rs. 101.1 Crs; up by 65.8% YoY; PAT Margin at 15.5% (up by 766 bps)

Commenting on the results, Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Limited said, "We have delivered an impressive performance this quarter with our resort occupancies at 75% and member additions growing on QoQ basis. Our profit margins and profit after tax have grown significantly along with improvement in cash position. Our business model is unique and resilient as reflected by our results in the ongoing pandemic".

Further, commenting on European operations he added: "Our European subsidiary Holiday Club Resorts, Spa hotel operations were affected due to second wave of Covid amidst local restrictions. We have delivered consolidated EBITDA of Rs 100.7 Crs and improvement in the EBIDTA margin by 296 bps over the same quarter last year".

Consolidated Results (Under INDAS) - Q3 FY/21

- Consolidated Turnover is Rs. 515.0 Crs for Q3 FY21 as against Rs. 599.8 Crs in Q3 FY20.
- Consolidated EBIDTA is Rs. 100.7 Crs for Q3 FY21 as against Rs. 99.5 Crs in Q3 FY20.
- Consolidated Profit (before tax) is Rs. 7.0 Crs for Q3 FY21 as against Rs. 14.3 Crs in Q3 FY20.

YTD Dec'20

- Consolidated Turnover is Rs. 1351.1 Crs for YTD Q3 FY21 as against Rs. 1799.7 Crs for YTD Q3 FY20.
- Consolidated EBIDTA is Rs. 273.5 Crs for YTD Q3 FY21 as against Rs. 309.0 Crs for YTD Q3 FY20.
- Consolidated Profit (before tax) is Rs. 13.3 Crs for YTD Q3 FY21 as against profit of Rs. 60.3 Crs for YTD Q3 FY20.

Shares of MAHINDRA HOLIDAYS & RESORTS INDIA LTD. was last trading in BSE at Rs.222.35 as compared to the previous close of Rs. 215. The total number of shares traded during the day was 29436 in over 2035 trades.

The stock hit an intraday high of Rs. 228.7 and intraday low of 214.9. The net turnover during the day was Rs. 6468347.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

HGS Digital Partners with Automation Anywhere to Deliver End-to-End Process Automation Solutions in the Customer Experience Industry

PNB Housing Finance and YES BANK enter into strategic co-lending partnership

PVR Cinemas unveil Mysuru's Biggest 6-Screen multiplex in Forum Centre City Mall

Shilpa Medicare Ltd receives US FDA tentative approval for Apremilast Tablets, 10 Mg, 20 Mg, And 30 Mg

RITES Ltd Board to consider Second Interim Dividend on Mar 12, 2021

Mexico's GigNet selects Tejas Networks for its Metro Optical network in Cancun

Dilip Buildcon Ltd receives LOA from NHAI for 2 projects under Bangalore Chennai Expressway

BCPL Railway Infra secures path-breaking order in the railway electrification segment

Indian Bank to consider raising funds of Rs. 4000 crore through equity

Economic Times awards The Byke Hospitality Ltd. for Affordable Luxury Resort Stay

IndiGo strengthens regional connectivity, announces Bareilly as its 67th destination

TATA Tea Gold celebrates this Women's day by launching 'Dil Ki Suno' stories of today's women

Dabur launches 'Vatika Select' premium range of shampoos

Isgec to Set Up World's Largest Waste Heat Recovery Boilers

CRISIL updates on ratings of Brookfield India Real Estate Trust

Max Healthcare Institute Limited opens QIP, fixes floor price as Rs. 190.40

Engineers India Ltd board to consider interim dividend for FY21

Wipro to acquire Capco, a global management and technology consultancy to banking and financial services industry, for $ 1.45 billion

AI Champdany Industries Ltd announces temporary suspension of work at Unit - Wellington Jute Mill - Rishra

Honeywell Automation India limited names Dr. Ganesh Natarajan as Chairman

Laurus Labs Ltd's promoters have sold shares to release pledge on shares

Jay Shree Tea & Industries Ltd to sell Tea Estates at Valparai

TCS a Leader in Digital Finance and Accounting Business Process Services: IDC MarketScape

Unichem Laboratories Ltd receives ANDA approval for Guanfacine Tablets

NBCC India Limited executes MoU with Rashtriya Ispat Nigam Ltd

Dilip Buildcon Ltd receives LOA from Mahanadi Coalfield Ltd for mining project in Odisha

Torrent Power Ltd updates on power distribution tender

Ind-Ra upgrades long-term issuer rating of Prism Johnson Ltd

Hind Rectifiers Limited secures order of Rs. 72.02 crores

Reliance Power Limited and JERA JV achieves financial closure for power project in Bangladesh

Smruthi Organics Ltd fixes March 12, 2021 as record date for bonus issue

Thomas Cook India & SOTC partner with Air Asia & Sterling Holiday Resorts to leverage travel demand

Vivimed's FDF facility in Jeedimetla Obtained Ukraine GMP Approval (renewal)

Sangam Renewables Limited arm commissions 16MW solar project

ABB India joins hands with Lila Poonawalla Foundation to build future women leaders in technology

Wardwizard Innovations & Mobility Limited fixes record date for stock split

Ashoka Buildcon enters into SPA with IIF for acquiring 49% stake in SPV

TCS to Help VodafoneZiggo Accelerate its B2B Fixed Fiber Network Rollout Using AI

RailTel Corporation of India Ltd receives order from BSNL

Finolex Cables strengthens its FMEG portfolio!

IEX electricity market sees splendid 50% YoY volume growth in February 2021

ACUITE A- long-term rating assigned to Superhouse Limited

Shilpa Medicare Limited enters into Gynecology Segment by launching its First Women Intimate Cleansing Spray in India under the Brand Name 'SwatchShil'

Satin Creditcare Network Ltd re-certified as Great Place to Work™ second year in a row

Aleor Dermaceuticals receives USFDA Final Approval for Testosterone Gel, 1.62% (20.25 mg/1.25 gm actuation)

eBay in India joins hands with 75 years old Kerala Ayurveda, aims at introducing authentic Ayurveda for the US market

Injecting Hope: TCS Debuts a People-Centric Solution for COVID-19 Testing and Vaccine Management

Infosys announces Canadian Expansion to Calgary, Doubling Canadian Workforce to 4,000 by 2023

G E Shipping contracts to buy a Secondhand Supramax Bulk Carrier

Welspun India Ltd board approves fund raising of $100 mn

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020