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MAHINDRAHOLIDAYSANDRESOR Diversified 15 May 2026

Mahindra Holidays and Resorts India Ltd — Q4 FY26

Mahindra Holidays reported a mixed Q4 FY26.

neutral medium
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Revenue ₹407 Cr +4.3%
EBITDA ₹142 Cr +8%
PAT ₹55 Cr +22%
EBITDA Margin 34.9% +180bps
Duration 62 min
Read Time 1 min read

Financial stats pending filing verification

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Prolonged weakness in Finland operations

Finland faced weather-related demand disruption and credit rejection issues; management acknowledged the need for operational actions and a strategic review.

high · management_commentary
R

Potential drop in treasury income

As capex increases, treasury income may decline, impacting overall profitability despite operating margin improvement.

medium · management_commentary
R

Slower member addition due to higher AUR focus

Focus on quality over quantity may keep member additions low, limiting upfront cash flows from membership sales.

medium · analyst_question
R

Geopolitical and forex risks in Europe

Euro appreciation and geopolitical tensions could further impact European subsidiary performance; management is monitoring but has not hedged fully.

medium · analyst_question