Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
economy
November 2, 2022

Mahindra Holidays & Resorts India Ltd. Announces Results For Q2 & H1 FY23

Urvi Srivastava Financial Reporting grwoth, Mahindra Holidays, Q2

The highest ever Q2 member additions at 4397, a growth of 12 per cent YoY

Mahindra Holidays & Resorts India Ltd. reported its standalone and consolidated financials for the second quarter ending 30th September 2022. The highest ever Q2 member additions at 4397, a growth of 12 per cent YoY. The cumulative member base stands at 2,73,488, with 85 per cent fully paid.  Commenting on the performance, Kavinder Singh, Managing Director, and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd. said, “Acceleration in room inventory and growth in member additions is reflected in the strong performance with highest ever Q2 Total Income, EBITDA and PBT. We are focused on providing high-quality immersive experiences for our member families, now at ~2,75,000, and are confident of our core value proposition of Vacation Ownership which allows us to monetize the full potential of our growing member base.”

Its highest ever Q2 Membership Sales Value at Rs. 194 crs, a growth of 93 per cent YoY, including large corporate deal of Rs. 24 Crs. Upgrades Value doubles (YoY) driven by higher in-resort conversions. Higher Average Unit Realization (AUR) at Rs. 3.9 lakhs vs Rs. 2.6 lakhs in Q2 FY22. Further commenting on the company’s performance, Singh added, “Despite the adverse effects of the Russia-Ukraine War which affected consumer sentiment and had an unprecedented inflationary impact leading to rise in input costs, Holiday Club Resorts (HCR) has delivered an impressive Q2 performance as is seen by the strong Revenue growth in Timeshare by 12% YoY and Spa Hotels by 16% YoY, along with delivery of operating and net profits.”

Avatar

Urvi Shrivastav

→ Urvi Shrivastav

Akasa Air To Start Bengaluru-Pune Flights From 23 Nov Govt Extends Quality Control Order Date For 2 Steel Grades Till 23 Jan

Related Posts

Sridhar Kalyanasundaram

Financial Reporting

‘Unethical Conduct’:  Independent  Director  Of  Dhanlaxmi  Bank  Quits  Board

steel

Financial Reporting

Tata Steel, UK Govt Sign £1.25 Bn Investment Deal

Financial Reporting

SBI General Insurance appoints Jitendra Attra as its new CFO

Selected Stories

  • GST 2Next GST Council Meeting To Take Place On 7 October

    Read more

  • Mr. Hari Nair, Chief Executive Officer, Tips Industries Limited (1)Tips appointed Hari Nair as new CEO

    Read more

  • Tax imageIT notifies final valuation rules for ‘Angel Tax’

    Read more

  • tata steelTata Steel Receives A ‘Baa3’ Investment Grade Rating From Moody’s; Outlook Stable

    Read more

  • Jatin DalalCognizant Likely To Hire Jatin Dalal As New CFO

    Read more

Movements

  • Mr. Hari Nair, Chief Executive Officer, Tips Industries Limited (1)Tips appointed Hari Nair as new CEO
  • Jatin DalalCognizant Likely To Hire Jatin Dalal As New CFO
  • Anton HexawireHexaware Appoints Anton Tomchenko as Chief Revenue & Solutions Officer
  • Rapti BugasuraBugasura Appoints Rapti Gupta as Co-founder CMO
  • Sanjeev Mantri ICICIICICI Lombard Appoints Sanjeev Mantri As New MD & CEO

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Economy
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Ratings
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.