Mahindra Holidays

Stocks to Watch today, Nov 28: Wipro, TCS, Adani Ent, RVNL, Leela Palace

Stocks to Watch Today, November 28, 2025: From TCS to Mahindra Holidays, here are few stocks that will be on investors' radar

Mahindra Holidays and Resorts likely to open its first Signature property

Mahindra Holidays is expanding beyond vacation ownership with Mahindra Signature Resorts, targeting its first luxury hotel by FY27 and eyeing 2,000 keys by FY30 as rising incomes

Mahindra Holidays eyes to open first luxury Signature Resort in FY27

Mahindra Holidays & Resorts India Ltd expects to open the first property under its luxury leisure hospitality brand 'Mahindra Signature Resorts' in the later part of FY27, according to its Managing Director & CEO Manoj Bhat. The company, which last week announced plans to enter the luxury leisure hospitality segment, has earmarked an investment of Rs 1,000 crore for the same. With its foray into the leisure hospitality segment, Mahindra Holidays & Resorts India Ltd (MHRIL) has increased its total number of targeted rooms to 12,000 by FY30, across the new and existing vacation ownership businesses, from the previously announced 10,000 keys. "The first location will be at Theog in Himachal Pradesh, and then we are looking at two to three priority regions. One is north India...then we are looking at one or two destinations in the south and a couple of destinations in Maharashtra right now," Bhat told PTI. He was responding to a query on the expansion plans for Mahindra ...

Mahindra Holidays to invest ₹1,000 cr as it enters leisure hospitality

Mahindra Holidays and Resorts India will invest ₹1,000 crore to set up Mahindra Hotels and Residences India and launch its new luxury brand, Mahindra Signature Resorts

Mahindra Holidays shares gain 7% on plans to foray into leisure hospitality

Mahindra Holidays shares rose 7 per cent amid its plans to foray into the 'leisure hospitality' business segment via one of its subsidiary

Looking to maintain double-digit profit growth in FY26: MHRIL CEO Bhat

Mahindra Holidays & Resorts India is looking to maintain a double-digit growth in its consolidated profit for the remaining part of this fiscal, buoyed by a strong performance in the first quarter, according to its Managing Director and CEO Manoj Bhat. The company, which plans to add about 1,000 rooms this fiscal as part of its overall target of increasing its key count to 10,000 by FY30, is on track with inventory additions, Bhat told PTI. "If you look at the consolidated profit growth of 18 per cent in Q1, I think that would be our target. In that range, we will look at growing our profits through the course of the year," he said when asked for the outlook for the remaining part of the fiscal year. In the first quarter, Mahindra Holidays & Resorts India Ltd (MHRIL) had posted a consolidated profit after tax of Rs 7.2 crore against Rs 6.1 crore in the year-ago period, up 18 per cent. Its total income increased 8 per cent to Rs 740.2 crore compared to Rs 686.1 crore in the ...

Mahindra Holidays & Resorts India to add 850 rooms in FY26: CEO Manoj Bhat

Mahindra Holidays & Resorts India Ltd plans to add 850 rooms in the current fiscal as part of it ongoing strategy to have 10,000 rooms by 2030, according to its Managing Director and CEO, Manoj Bhat. The company, which added 520 rooms in FY25, could see a doubling of its capex in FY26 from the Rs 300 crore spent last fiscal depending on receipt of permits and regulatory approvals for its planned expansion, Bhat told PTI. "We had the highest ever room additions in FY25 and FY26 will be higher, and I think we'll add about 850 rooms... They'll come at various points, (spread from) from Q1 to Q4...," he said when asked about the company outlook for 2025-26. Mahindra Holidays & Resorts India Ltd (MHRIL) currently has total 5,800 rooms under its flagship brand Club Mahindra. On the total number of rooms expected in FY26, he said,"FY26, my guess is (it will be) anywhere between 6,500 to 6,600 rooms." When asked about capex for FY26, he declined to share an exact number saying "we ..

MHRIL Q4 results: Profit falls 12.31% to ₹72.95 cr on lower revenue

Mahindra Holidays & Resorts India Ltd on Friday reported a 12.31 per cent decline in consolidated profit after tax at Rs 72.95 crore in the fourth quarter ended March 31, 2025, impacted by lower revenue. The company had posted a consolidated profit after tax (PAT) of Rs 83.2 crore in the same quarter a year ago, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory filing. Consolidated revenue from operations in the fourth quarter stood at Rs 778.83 crore against Rs 800.19 crore in the year-ago period, it added. Total expenses in the fourth quarter stood at Rs 704.7 crore as compared to Rs 720.86 crore in the same period previous fiscal, the company said. In the fiscal ended March 31, 2025, PAT was at Rs 125.95 crore against Rs 116.05 crore in the previous year, MHRIL said. Consolidated revenue from operations in FY25 was at Rs 2,780.85 crore, from Rs 2,704.6 crore in the previous year. "Our network expansion momentum further gained pace with the addition of more .

Mahindra Holidays & Resorts India to add 1,000 rooms by Mar 2026: CEO Bhat

Mahindra Holidays & Resorts India Ltd will add 1,000 rooms to its portfolio by March 2026 as it gears up to meet robust demand, according to its Managing Director and CEO Manoj Bhat. The company, whose flagship brand Club Mahindra has 5,698 rooms across 126 resorts, is planning to add 15 new destinations in the next five quarters and is bullish that the several announcements made in the Union Budget 2025-26, including plans to develop top 50 tourist destinations and enhance connectivity will further strengthen the sector. "This year (fiscal) itself in the nine months, we have added 371 rooms which is more than (what the company added in) last full year and from January 2025 to March 2026, the plan is to add another 1,000 rooms," Bhat told PTI. The new capacity addition is almost close to 17-18 per cent in terms of room count, he said, adding, "So we are actually going at it at a very good pace in terms of readying ourselves to meet the demand." He was responding to a query on ...

ITC demerger: 7 hotel stocks with up to 15% upside potential as per charts

Even as hotel shares fell up to 5% on Monday; technical charts hint up to 15% upside potential for Mahindra Holidays, TAJ GVK, Apollo Sindoori, ITDC, EIH, Oriental Hotels and Advani Hotels.

Stock ideas for Sept: TaMo, Mah Holidays can rally up to 28%, hint charts

Here are 5 stock ideas for September 2024 based on the 'Buy' signal on the technical momentum indicator - the MACD (Moving Average Convergence-Divergence).

Mahindra Holidays gets GST notice of Rs 16.77 cr for excess ITC utilisation

Mahindra Holidays & Resorts India on Wednesday said tax authorities have slapped a demand notice of about Rs 16.77 crore, including a penalty. "We wish to inform you that the company has received an Order dated August 13, 2024, from the Assistant Commissioner, Anna Salai, Chennai Central, Tamil Nadu," Mahindra Holidays & Resorts India Ltd said in a regulatory filing. The company is taking appropriate steps to pursue legal remedies before the appropriate authority in this regard, it added. "The Company has received an Order from the Authority for FY2019-20 requiring the Company to pay a demand of Rs 16,76,61,092 (including a penalty of Rs 88,81,479) under applicable provisions of the TN GST Act, 2017 & CGST Act, 2017. "The Order has been passed primarily on account of GST on Other Incomes, Reverse Charge Mechanism on Other Expenses, Excess utilisation of ITC, Reversal of ITC on exempt supplies, etc.," Mahindra Holidays & Resorts India Ltd said in the filing. The ...

Mahindra Holidays & Resorts expects 85% occupancy this fiscal: MD & CEO

Mahindra Holidays & Resorts India Ltd expects occupancy levels for the ongoing fiscal to be around 85 per cent on the back of steady demand from its members with a rising trend of shorter holidays, according to its Managing Director and CEO Manoj Bhat. The company, which witnessed 90 per cent resort occupancy on an expanded inventory base in the first quarter of this fiscal, expects it to be softer in the second quarter. "Q1 is a peak quarter. Q2 will dip, Q3 will climb again. So it's a bit seasonal, but overall for the year, we expect around 85 per cent kind of occupancy," Bhat told PTI when asked about how the occupancy level is expected in the fiscal. He said factors like the extreme heatwave this summer coupled with the general elections that impacted the wider hospitality industry were not much of an issue for Mahindra Holidays & Resorts India. "For us, that is not so much a factor because for us there is steady member demand across the season," Bhat said, adding the ...

Mahindra Holidays Q1FY25 results: Pre-tax profit rises to Rs 14 cr

Travel demand has rebounded strongly from the pandemic lows, benefiting companies from airlines to hotel operators

Mahindra Holidays & Resorts Q4 results: PAT jumps 47.7% to Rs 83.2 cr

Mahindra Holidays & Resorts India Ltd on Friday reported a 47.7 per cent rise in consolidated profit after tax of Rs 83.2 crore for the March 2024 quarter against Rs 56.3 crore a year ago. For the entire 2023-24, the company reported a consolidated profit after tax of Rs 116.05 crore against Rs 113.82 crore in the preceding fiscal, according to a regulatory filing. During the January-March quarter, Mahindra Holidays & Resorts India Ltd reported a total income of Rs 830.34 crore compared to Rs 735.26 crore a year ago. Its total expenses during the quarter under review rose to Rs 720.86 crore from Rs 658.23 crore in the January-March period of the previous year. The company said it has recorded robust member additions at 20,019 during 2023-24, up 15 per cent year-on-year. The company's shares closed at 434.10 apiece, up 1.99 per cent from their previous close on the BSE.

Indian Hotels stock falls 5% post Q4 results; peer group shares rise

Indian Hotels stock update: Share price declined 5% day after company reported 29% growth in net profit.

Mahindra Holidays to invest Rs 4,500 cr to double room capacity to 10,000

Mahindra Holidays & Resorts India Ltd (MHRIL) plans to invest up to Rs 4,500 crore in the next three to four years to double its room capacity to 10,000, according to company Managing Director and CEO, Kavinder Singh. The company is actively pursuing partnerships with state governments besides setting up new resorts, brownfield expansion and acquisitions to achieve the target to increase room count from 5,000 to 10,000 by FY30. "We have all the strategies on the table to get from 5,000 to 10,000 rooms. We are well on our way there," Singh told PTI. At the moment, about Rs 835 crore of investment is underway for five greenfield, brownfield, and acquisition projects, comprising about 690 keys. "We are very confident this investment will get scaled to at least Rs 2,000 crore in the next year and very quickly we will scale it up to Rs 4,000-4,500 crore in three to four years time because you need to deliver 5,000 keys by 2030," he said. On the strategy for expansion, Singh said apart

Mahindra Group appoints Amarjyoti Barua as group chief financial officer

Mahindra Group on Friday announced the appointment of Amarjyoti Barua as its Group Chief Financial Officer with effect from May 17 this year. He will be replacing Manoj Bhatt, who is appointed as Managing Director and CEO of Mahindra Holidays & Resorts India Ltd (MHRIL) succeeding Kavinder Singh, the company said in a statement. The change of guard at MHRIL comes following Singh's resignation, according to Mahindra Group. Appointments of Barua and Bhatt are effective from May 17. Currently, Barua is serving as Executive Vice President for Group Strategy. "Talent Development is a key priority at the Mahindra Group, which has enabled us to attract and retain top talent. In addition to world-class development programs, we have mapped career paths for each leader, which include experience across multiple roles," Anish Shah, Group CEO and Managing Director of M&M, said. The company also said, Vimal Agarwal, CFO of Mahindra Lifespaces Developers Ltd (MLDL), will move as CFO for ...

Mahindra announces key leadership appointments, top management reshuffle

Kavinder Singh, MD and CEO of Mahindra Holidays & Resorts India Limited (MHRIL) will complete his tenure with the Group on May 16, 2024

Mahindra Holidays & Resorts to invest Rs 800 cr to set up 3 resorts in TN

Mahindra Holidays & Resorts India Ltd on Thursday said it will invest Rs 800 crore in Tamil Nadu to build three greenfield resorts over the next five to six years. The company has signed an MOU with the Tamil Nadu government for the same, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a statement. It will directly generate employment opportunities for over 1,500 people, thereby contributing to the overall economy of the state, it added. "With this significant investment, MHRIL will double its footprint in Tamil Nadu, with Club Mahindra already operating resorts in Ooty and Kodaikanal," the company said. This would be the second-largest investment by MHRIL, following the Rs 1,000 crore investment in Uttarakhand last year. These investments are part of the company's expansion plans to increase room inventory from 5,000 to 10,000 by 2030, the statement said. Further, MHRIL said as part of its commitment to sustainability and aim to achieve carbon neutrality by 2040, all ...