Mahindra Holidays & Resorts India Share Price Gains Over 2% After Q2 FY27 Earnings Results: Total Income Up 9.4% YoY

On October 21, 2026, Mahindra Holidays & Resorts India Limited has released its unaudited consolidated financial results for the quarter and half year ending September 30, 2026, as per the exchange filings.  

The company reported a 9.4% year-on-year increase in total income, reaching ₹819.68 crore for the September 2026 quarter. 

Mahindra Holidays & Resorts India Q2 FY27 Earnings Results 

For the September 2026 quarter, Mahindra Holidays & Resorts India Limited's total income rose to ₹819.68 crore, up from ₹749.45 crore in the same quarter the previous year, and a 6.0% increase from ₹773.54 crore in the June 2026 quarter.  

The net profit for this period increased by 16.4% year-on-year, amounting to ₹19.72 crore, compared to ₹16.94 crore a year ago. This marks a recovery from a net loss of ₹8.56 crore in the June 2026 quarter. 

Half-Yearly and Annual Financial Overview 

For the half year ending September 30, 2026, the company's total income increased by 7.0% year-on-year to ₹1,593.22 crore, compared to ₹1,489.61 crore in the corresponding period of the previous year.  

However, net profit for this period saw a decline of 53.7% year-on-year, amounting to ₹11.16 crore, down from ₹24.11 crore in the previous year.  

For the fiscal year 2026, the total income stood at ₹3,116.06 crore, with a net profit of ₹67.00 crore. 

Operational Highlights 

Membership sales showed a 6% year-on-year increase, reaching ₹141 crore, while membership upgrades contributed ₹83 crore, reflecting a 26% growth.  

Resort revenue grew by 15% year-on-year to ₹96 crore, with overall resort occupancy expanding by 220 basis points to 75.6%. 

Read More: Federal Bank Share Price Surges Over 3% After Q2 FY27 Earnings Results; Profit Rises 51%! 

Balance Sheet and Network Expansion 

The company reported a deferred revenue balance of ₹5,828 crore by the end of September. Cash and cash equivalents were strong at ₹1,329 crore.  

The average unit realisation, including product upgrades, improved to ₹13.40 lakh per member, a 43% increase from the same quarter last year.  

The inventory portfolio includes 5,762 keys across 106 resorts, with two properties expanded and two existing resorts transformed. Six underperforming resorts were exited based on guest feedback. 

Mahindra Holidays & Resorts India Share Price Performance 

As of October 21, 2026, at 2:23 PM, Mahindra Holidays & Resorts India share price on NSE was trading at ₹202.70, up by 2.33% from the previous closing price. 

Conclusion 

Mahindra Holidays & Resorts India Limited reported a 9.4% increase in total income to ₹819.68 crore for the September 2026 quarter, with net profit rising 16.4% to ₹19.72 crore. Membership sales and resort revenue showed positive growth, while the deferred revenue balance stood at ₹5,828 crore. 

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