Mahindra Holidays shares up nearly 6% as Q1 standalone net profit jumps 19% YoY to ₹45 crore

The standalone net profit during the quarter under review came in at ₹45.2 crore, up 19% as compared to ₹37.9 crore in the year-ago period. The net profit margin improved 110 basis points year-on-year (YoY) to 11.8%.

After the results were out, Mahindra Holidays' stock climbed to the day's high of ₹494.3 apiece on the National Stock Exchange (NSE), which was 5.8% higher as against the last closing price.

By the closing bell, however, the shares pared a bulk of the gains and settled at ₹474.85 apiece, up 1.7% as compared to the previous session's close.

Total income, EBITDA climb

The hospitality firm's total standalone income came in at ₹384.5 crore in the June 2024 quarter, up 8% as compared to ₹359.4 crore clocked in the corresponding period of the previous fiscal.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to ₹113 crore in Q1FY25, which was 17% higher as against ₹121.5 crore in Q1FY24. The EBITDA margin rose by 220 basis points YoY to 29.5%.

Notably, Mahindra Holidays is the hospitality arm of tech-to-tractor conglomerate Mahindra & Mahindra. The company's market capitalisation stands at nearly ₹10,000 crore. Its stock is up around 22% year-to-date, and has climbed by about 36% in the last 12 months.