Mahindra Holidays shares rise nearly 9% after second-quarter results
Mahindra Holidays shares climbed almost 9% after quarterly results showed profit up 11.8%, though margin fell to 20.33%, CNBC-TV18 reports.
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what happened
According to CNBC-TV18, Mahindra Holidays & Resorts India reported second-quarter earnings on Wednesday, October 21. Net profit reached 19.95 crore rupees, against 17.85 crore a year earlier, an increase of 11.8%. Revenue grew 9.3% to 784 crore rupees from 717 crore.
EBITDA rose 4.4% to 159 crore rupees, but the margin narrowed to 20.33% from 21.29%. Resort revenue climbed 15%, occupancy gained 220 basis points to 76%, and average unit realisation (AUR) jumped 43%. The portfolio now includes 5,762 keys across 106 resorts.
The stock jumped 8.5% after the open, touching an intraday high of 214.9 rupees, but most of that gain faded. At the time of reporting it traded 2.3% higher at 202.71 rupees and is down 35% so far this year.
why it matters
The quick retreat from the intraday peak suggests investors weighed the margin decline more heavily than the gains in revenue and profit. A 35% drop year to date keeps the shares sensitive to upcoming updates on occupancy and new property additions.
market impact
Mahindra Holidays shares: post-results gains are capped by the margin decline, so interest stays moderate
tags
instruments
sources
- Mahindra Holidays shares gain nearly 9% post Q2 results, overshadow margin contraction — CNBC-TV18, 21 October 2026 at 08:54 UTC
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