Mahindra Holidays & Resorts India Ltd., (‘Company’), India’s leading leisure hospitality provider, reported its standalone and consolidated financials for the fourth quarter ending 31st March 2022 and financial year 2021-22.30 JUNE, 2022 | India
Mumbai, 30th June 2022: Mahindra Holidays & Resorts India Ltd., (‘Company’), India’s leading leisure hospitality provider, reported its standalone and consolidated financials for the fourth quarter ending 31st March 2022 and financial year 2021-22.
Operational Highlights -
Financial Highlights –
Commenting on the performance, Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd. said, “Despite the Omicron wave, we have delivered a strong Q4 with the highest ever resort income, growth in margins and Profit Before Tax (PBT). At a full year level, we have delivered exceptional performance with healthy growth in member additions, occupancies, Income, PBT and cash position. Our resort count has increased to 84 and our room count crossed the 4,500 mark. This clearly demonstrates our execution excellence along with the strength and resilience of our business model.”
Commenting on European operations, he added, “Despite multiple Covid-19 waves severely impacting our European subsidiary, Holiday Club Resorts (HCR) during the year, HCR delivered close to breakeven EBITDA demonstrating the strength of its business model. In periods when restrictions were eased off, HCR recovery was strong and rapid. Domestic leisure travel remains strong and we have a positive outlook for FY23.”
About Mahindra Holidays & Resorts India Limited
Mahindra Holidays & Resorts India Limited (MHRIL), India’s leading company in the leisure hospitality industry, offers quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand with a 25-year membership, the other products offered by the company are – Bliss, Go Zest, Club Mahindra Fundays and Svaastha Spa.
As on March 31, 2022, MHRIL has 84 resorts across India & abroad and its subsidiary, Holiday Club Resorts Oy (HCR), Finland, a leading vacation ownership company in Europe has 33 Timeshare Destinations with 9 Spa Resorts across Finland, Sweden and Spain.
Visit us at www.clubmahindra.com
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership positionin farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
For further enquiries, please contact
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Chief Investor Relations Officer
Mahindra Holidays & Resorts India Ltd.
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