Mahindra Holidays Q2 FY27: consolidated PAT up 17% as resort revenue grows 15%, standalone EBITDA falls 12%
Q2 FY27 consolidated income from operations up 9% to ₹784.1 Cr, PAT up 17% to ₹19.7 Cr; standalone EBITDA down 12%.
By ScoutQuest · · 1 min read
- Consolidated income from operations
- rose 9% to ₹784.1 Cr
- Consolidated PAT
- rose 17% to ₹19.7 Cr
- Standalone EBITDA
- fell 12% to ₹124.4 Cr
- Period
- Q2 FY27
- Positioning
- Club Mahindra describes itself as a network of ~3L+ members, ~110 resorts globally and ~100 partner hotels at 80%+ occupancy, plus Finland's Holiday Club Resorts.
📉 Consolidated Q2 FY27 income from operations rose 9% to ₹784.1 Cr and PAT rose 17% to ₹19.7 Cr, while EBITDA margin slipped to 23.8% from 24.7%. Standalone total income grew 4% to ₹395.3 Cr but EBITDA fell 12% to ₹124.4 Cr and PAT fell 16% to ₹43.3 Cr as employee and other expenses rose.
📈 Resort revenue grew 15% to ₹96 Cr, occupancy reached 75.6% (+2.2 pp) and TRevPAR rose 6% to ₹8777. The company says sales value rose 6% YoY led by premiumization and upgrades, with AUR up 43% and upgrades up 26%.
🏭 Management states it is rationalising the portfolio (5762 keys across 106 resorts, 6 exited and 2 expanded) and lists 8 ongoing greenfield/brownfield projects estimated to add ~1k keys, plus transformation of 7 existing resorts.
📉 H1FY27 capex was ₹312 cr, nearly double H1FY26, funded from cash; cash fell from ₹1,446 cr to ₹1,329 cr. The company frames this against a low 14% branded leisure penetration in India.
Also from Mahindra Holidays & Resorts India
Mahindra Holidays reported a steady Q2 with improved revenue growth, membership sales and occupancy, supported by premiumization
22 Oct 2026
Mahindra Holidays concludes Q2 & H1 FY2027 earnings conference call; audio recording uploaded on website
21 Oct 2026
Mahindra Holidays Q2 FY27: membership sales Rs 141 Cr, resort revenue Rs 96 Cr, PAT up 17% YoY
21 Oct 2026
More numbers
- Consolidated income from operations, Q2 FY27784.1 (₹ Cr)
- Consolidated EBITDA, Q2 FY27194.8 (₹ Cr)
- Consolidated PAT, Q2 FY2719.7 (₹ Cr)
- Standalone total income, Q2 FY27395.3 (₹ Cr)
- Standalone EBITDA, Q2 FY27124.4 (₹ Cr)
- Standalone PAT, Q2 FY2743.3 (₹ Cr)
- Resort revenue, Q2 FY2796 (₹ Cr)
- Occupancy, Q2 FY2775.6%
- Capex, H1FY27312 (₹ cr)
- Cash, Sep'261,329 (₹ cr)
- Standalone net-worth, 30 Sept 20261,319 (In ₹ Cr)
- Keys in portfolio5762
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