Mahindra Holidays & Resorts India Ltd announces its Results for Q4 & FY23

Highest ever Annual MHRIL Standalone:

· Total Income1 at Rs. 1,275 Crs (+24% YoY)

· EBITDA1 at Rs. 352 Crs (+18% YoY)

Holiday Club Resorts, Finland, turns around and delivers EBITDA of € 6.4 Mn in Q4 and € 5.0 Mn in FY23

Consolidated FY23 PAT grows by 68% YoY to Rs. 114 Crs 

Operational Highlights (Standalone)

· Member additions at 17,477 (+37% YoY).

· Membership Sales Value at Rs. 734 Crs (+70% YoY).

· Highest ever Annual Upgrades at Rs. 188 Crs (+71% YoY).

· Average Unit Realization (AUR) 2 at Rs. 4.2 lakhs vs Rs. 3.4 lakhs last year.

· Share of member acquisitions through the digital and referral routes at 57%.

· Cumulative member base stands at 2,81,820 with 85% fully paid.

Resorts/Room Inventory FY23

· High resort occupancies of 84% vs 74% last year.

· Occupied room nights up by 49% YoY.

· Inventory addition of 372 keys leading to total inventory at 4,940 keys in 102 resorts

· New resorts at domestic destinations such as Janjheli (Himachal Pradesh), Lachung (Sikkim), Jambughoda (Gujarat), Tirupati (Andhra Pradesh), Amba Ghat (Maharashtra) and international destinations such as Abu Dhabi, Maldives, Cambodia, Vietnam, Chitwan (Nepal) and Chiang Mai (Thailand) have added 256 Keys to the existing inventory.

Commenting on the performance, Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd. said, “We have achieved exceptional FY23 results with new milestones in Total Income, Resort Income, EBITDA and PBT. Highest ever Membership Upgrades along with higher member spends is a great endorsement of the immersive family vacation experiences that Club Mahindra delivers consistently.”