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Mahindra Holidays & Resorts India Ltd posts consolidated loss of Rs. 10.16 crore

Posted On: 2021-05-03 11:30:46 (Time Zone: UTC)


MAHINDRA HOLIDAYS & RESORTS INDIA LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.496.20 crores during the period ended March 31, 2021 as compared to Rs.515.03 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.(10.16) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.0.1693 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.(0.77) for the period ended March 31, 2021 as compared to Rs.0.01 for the period ended December 31, 2020.

FinancialsQ4 FY20-21Q3 FY20-21% Change
Total Income₹ 496.20 crs₹ 515.03 crsDown Tick -3.66%
Net Profit₹ (10.16) crs₹ 0.1693 crsDown Tick -6101.18%
EPS₹ (0.77)₹ 0.01Down Tick -7800%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.496.20 crores during the period ended March 31, 2021 as compared to Rs.631.42 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(10.16) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.(164.57) crores for the period ended March 31, 2020.

The company has reported EPS of Rs.(0.77) for the period ended March 31, 2021 as compared to Rs.(12.38) for the period ended March 31, 2020.

FinancialsQ4 FY20-21Q4 FY19-20% Change
Total Income₹ 496.20 crs₹ 631.42 crsDown Tick -21.42%
Net Profit₹ (10.16) crs₹ (164.57) crsDown Tick -93.83%
EPS₹ (0.77)₹ (12.38)Down Tick -93.78%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1847.26 crores during the 12 months period ended March 31, 2021 as compared to Rs.2431.14 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(13.07) crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.(132.05) crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.(0.98) for the 12 months period ended March 31, 2021 as compared to Rs.(9.94) for the 12 months period ended March 31, 2020.

FinancialsYear Ended FY20-21Year Ended FY19-20% Change
Total Income₹ 1847.26 crs₹ 2431.14 crsDown Tick -24.02%
Net Profit₹ (13.07) crs₹ (132.05) crsDown Tick -90.1%
EPS₹ (0.98)₹(9.94)Down Tick -90.14%

Operational Highlights:

- Member additions for the quarter at 4,789, up by 46% (QoQ) and 32% (YoY)

- Member additions grew every quarter to a total of 12,031 members during the year. Our cumulative member base stands at 2,54,431.

- High resort occupancies at 85% in the fourth quarter, close to pre-pandemic levels and strong occupancies of 72% for the year

- Achieved a milestone of 4,000+ rooms with the addition of 465 rooms during the year, taking our total inventory count to 4,197 rooms

- Added 9 resorts during the year to reach a total of 79 resorts

* Resorts were added in Goa, Kerala, Rajasthan, Gujarat, Maharashtra and Andaman & Nicobar Islands

* In the fourth quarter, a new greenfield property at Assonora, Goa was launched

- Share of member acquisition through the digital and referral routesincreased to 55% this year

- Our resorts have obtained the highest level of certification in safety and hygiene standards from 'Bureau Veritas' - the global leader in testing and inspection.

- Cash position has increased from Rs. 781 Crs as on March'20 to Rs. 940 Crs as on March'21

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."

Shares of MAHINDRA HOLIDAYS & RESORTS INDIA LTD. was last trading in BSE at Rs.207.45 as compared to the previous close of Rs. 211.25. The total number of shares traded during the day was 23718 in over 942 trades.

The stock hit an intraday high of Rs. 222 and intraday low of 205. The net turnover during the day was Rs. 5020869.


Source: Equity Bulls

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