Mahindra Holidays & Resorts India Ltd-Highest-ever Consolidated Income

Mahindra Holidays & Resorts India Ltd (MHRIL) reported its standalone & consolidated financials for the fourth quarter and financial year ending 31st March 2024. The company posted the highest-ever consolidated income of Rs 2,810 Crs & EBITDA of Rs 623 Crs in FY24. 

Commenting on the performance, Kavinder Singh, Managing Director and Chief Executive
Officer, Mahindra Holidays & Resorts India Ltd. said, "We have achieved exceptional results in FY24 with highest ever Total Income, Resort Income, EBITDA, PBT & PAT along with improved profit margins on VoV basis. Our consistent delivery of immersive family vacation experiences helped us cross a significant milestone of adding ~20,000 members and reach a cumulative member base of 2.98 Lakhs. We have also accelerated our inventory additions & have expanded the inventory base by 387 keys to 5327 keys."

As of March 31, 2024, Mahindra Holidays & Resorts India Limited (MHRIL) has 110 resorts across India & abroad and its subsidiary, Holiday Club Resorts Oy (HCR), Finland, a leading vacation ownership company in Europe has 33 Timeshare Properties (Including 9 Spa Resorts) across Finland, Sweden, and Spain.