Mahindra Holidays & Resorts reports 37% yoy growth in Q4 PBT to Rs170cr

PBT at Rs32.5cr, up by 11.7% yoy; PBT Margin at 12.7% (up by 137 bps).

May 03, 2021 04:05 IST India Infoline News Service

Mahindra Holidays & Resorts India Ltd.
Mahindra Holidays & Resorts India Ltd, India’s leading leisure hospitality provider has reported its Standalone and Consolidated financial results for the fourth quarter ending 31st March 2021.

Financial Highlights:

Q4 FY21 (Standalone)
  • Total Income at Rs255cr, up by 4% qoq
  • Resort Income at Rs53cr, up by 19% qoq and 8.5% yoy
  • EBITDA at Rs63.5cr, up by 8.5% yoy; EBITDA Margin at 24.9% (up by 203 bps)
  • PBT at Rs32.5cr, up by 11.7% yoy; PBT Margin at 12.7% (up by 137 bps)

FY21 (Standalone)
  • Total Income at Rs909cr
  • EBITDA at Rs286.2cr, up by 18.4% yoy; EBITDA Margin at 31.5% (up by 819 bps)
  • PBT at Rs169.5cr, up by 36.7% yoy; PBT Margin at 18.6% (up by 670 bps)
  • Cash position at Rs940cr, up from Rs781cr as on Mar’20
Commenting on the results, Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd. said, “Despite Covid-19 related challenges, we have delivered a strong fourth quarter performance as demonstrated by all operational and financial metrics such as occupancy, resort income, member additions, operating margins and profit growth. Our early focus on safety & hygiene measures inspired trust amongst our members to visit our spacious resorts. Our business model is unique, resilient and different from the traditional hospitality sector. We are confident of emerging stronger as pent-up demand for leisure family experiences unlocks in the near future.”

Commenting on European operations he added, “Operations at our European subsidiary Holiday Club Resorts’ (HCR) were affected due to Covid-19 related local restrictions. With the vaccination rollout accelerating, and the onset of the summer season from June onwards, we expect an uptick in domestic leisure travel leading to improved performance of HCR.”

Mahindra Holidays & Resorts India ended at Rs207.45 apiece down by Rs3.8 or 1.8% on Sensex.

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