Mahindra Holidays Q2 FY27 consolidated income Rs 819.7 cr; PAT Rs 19.7 cr
Mahindra Holidays & Resorts India Ltd Q2 FY27 consolidated total income rose to Rs 819.70 cr from Rs 749.50 cr, with PAT up to Rs 19.70 cr from Rs 16.90 cr.
Key takeaways
- Total income Rs 819.70 cr in Q2 FY27 vs Rs 749.50 cr in Q2 FY26 on a consolidated basis.
- Income from operations Rs 784.10 cr vs Rs 717.40 cr, per consolidated profit & loss statement.
- EBITDA Rs 194.80 cr in Q2 FY27 vs Rs 184.90 cr in Q2 FY26 on a consolidated basis.
- PBT Rs 34.10 cr in Q2 FY27 vs Rs 35.50 cr in Q2 FY26, as per consolidated results.
- PAT Rs 19.70 cr in Q2 FY27 vs Rs 16.90 cr in Q2 FY26, according to the consolidated P&L.
Q2 FY27 · consolidated
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 784.10 cr | Rs 717.40 cr | +9.3% |
| PAT | Rs 19.70 cr | Rs 16.90 cr | +16.6% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 2.51% of revenue, against 2.36% a year earlier.
- Total expenses rose 10.7% while revenue rose 9.3%.
• Total income (consolidated, Q2 FY27 vs Q2 FY26): Rs 819.70 cr vs Rs 749.50 cr, as per the consolidated profit & loss statement in the financials section of the investor presentation.
• Income from operations: Rs 784.10 cr in Q2 FY27 vs Rs 717.40 cr in Q2 FY26, according to the consolidated profit & loss statement.
• Non-operating revenue: Rs 35.60 cr in Q2 FY27 vs Rs 32.10 cr in Q2 FY26.
• Cost of vacation ownership weeks: Rs 52.30 cr in Q2 FY27 vs Rs 42.90 cr in Q2 FY26.
• Employee benefit expense: Rs 218.70 cr in Q2 FY27 vs Rs 187.90 cr in Q2 FY26.
• Other expenses: Rs 353.90 cr in Q2 FY27 vs Rs 333.80 cr in Q2 FY26.
• EBITDA: Rs 194.80 cr in Q2 FY27 vs Rs 184.90 cr in Q2 FY26.
• Finance cost: Rs 53.30 cr in Q2 FY27 vs Rs 48.10 cr in Q2 FY26.
• Depreciation: Rs 106.60 cr in Q2 FY27 vs Rs 100.70 cr in Q2 FY26.
• Share of profit / (loss) of JV & associates: Rs (0.80) cr in Q2 FY27 vs Rs (0.60) cr in Q2 FY26.
• Profit/(Loss) before tax (PBT): Rs 34.10 cr in Q2 FY27 vs Rs 35.50 cr in Q2 FY26.
• Tax expenses: Rs 14.40 cr in Q2 FY27 vs Rs 18.60 cr in Q2 FY26.
• Profit after tax (PAT): Rs 19.70 cr in Q2 FY27 vs Rs 16.90 cr in Q2 FY26.
According to the consolidated profit & loss statement in the financials section of the investor presentation, Mahindra Holidays & Resorts India Ltd reported higher total income in Q2 FY27, driven by an increase in income from operations and non-operating revenue. Income from operations rose to Rs 784.10 cr from Rs 717.40 cr, while non-operating revenue increased to Rs 35.60 cr from Rs 32.10 cr.
On the cost side, the statement of financial results shows that cost of vacation ownership weeks, employee benefit expense and other expenses all increased year-on-year. Cost of vacation ownership weeks moved up to Rs 52.30 cr from Rs 42.90 cr, employee benefit expense to Rs 218.70 cr from Rs 187.90 cr, and other expenses to Rs 353.90 cr from Rs 333.80 cr. EBITDA improved to Rs 194.80 cr from Rs 184.90 cr, while finance cost and depreciation also rose to Rs 53.30 cr and Rs 106.60 cr respectively, compared with Rs 48.10 cr and Rs 100.70 cr a year earlier.
The consolidated profit & loss statement further shows profit before tax at Rs 34.10 cr in Q2 FY27 versus Rs 35.50 cr in Q2 FY26, with tax expenses at Rs 14.40 cr compared with Rs 18.60 cr. PAT increased to Rs 19.70 cr from Rs 16.90 cr over the same period.
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