Mahindra Holidays & Resorts India Limited reported a strong financial performance for the quarter ended December 31, 2024 (Q3 FY25), with its consolidated net profit surging 236% year-on-year (YoY) to Rs 35.42 crore from Rs 10.52 crore in Q3 FY24. The impressive growth was driven by increased revenues and better cost management.
Key financial highlights for Q3 FY25 (Consolidated):
- Total income: Rs 710.39 crore, up 7% YoY from Rs 666.32 crore.
- Revenue from operations: Rs 678.42 crore, compared to Rs 634.82 crore in Q3 FY24.
- Profit before tax: Rs 47.96 crore, a substantial increase from Rs 6.29 crore YoY.
- Net profit: Rs 35.42 crore, up from Rs 10.52 crore YoY.
Expense highlights:
- Total expenses: Rs 662.68 crore, compared to Rs 660.15 crore YoY, reflecting controlled operating costs.
- Cost of vacation ownership weeks: Rs 30.51 crore, up from Rs 28.10 crore in Q3 FY24.
- Employee benefits expense: Rs 195.56 crore, higher than Rs 184.27 crore YoY.
Sequential comparison (Q3 FY25 vs. Q2 FY25):
- Total income: Rs 710.39 crore, slightly higher than Rs 706.18 crore in the previous quarter.
- Net profit: Rs 35.42 crore, up from Rs 11.48 crore in Q2 FY25.
Mahindra Holidays attributed the significant profit growth to the expansion of its member base and improved operational efficiencies. The company is optimistic about sustained growth through strategic investments in resorts and enhancing customer engagement.
