MHRIL

** Jefferies says potential GST cut should provide a boost to auto demand, especially for small passenger vehicles and two wheelers

** Brokerage raises FY26-28 two wheeler and passenger vehicles industry volumes by 2-6%, driving 2-8% earnings upgrades for TVS TVSM.NS, Hero MotoCorp HROM.NS, Maruti Suzuki MRTI.NS and Hyundai Motor India HYUN.NS

** Indian auto stocks .NIFTYAUTO down 0.3%, pulling back from initial gains of 1% in a broadly weak market .BO

** HROM up ~2%, top gainer among auto stocks

** Brokerage says TVSM and Mahindra And Mahindra MAHM.NS to deliver the highest earnings growth CAGR of 27% and 19%, respectively, over FY25-28

** Auto stocks jumped 4% on Aug 18 after reports of potential GST cut for small cars

** YTD, autos index up ~11% vs Nifty 50's .NSEI 4.5% climb

(Reporting by Kashish Tandon and Rudra Pratap Singh in Bengaluru)

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July 3 (Reuters) - Mahindra Holidays and Resorts India Ltd MAHH.NS:

• MAHINDRA HOLIDAYS AND RESORTS INDIA LTD - UNIT BUYS 100% STAKE IN KESKINÄINEN KIINTEISTÖ OY SALLA STAR

• MAHINDRA HOLIDAYS AND RESORTS INDIA LTD - ACQUISITION COMPLETED FOR 23.5 MILLION RUPEES

Source text: ID:nBSE3mnVK3

Further company coverage: MAHH.NS

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April 25 (Reuters) - Mahindra Holidays and Resorts India MAHH.NS reported a more than 11% fall in fourth-quarter profit on Friday due to sluggish demand for international travel amid geopolitical tensions and cost pressures.

Mahindra Holidays' consolidated net profit fell to 730.8 million rupees ($8.6 million) in the March quarter, from 823.6 million rupees a year earlier.

Geopolitical tensions and higher costs of travelling abroad held back consumers from taking trips in Europe.

That weighed on the company, which gets about half of its total revenue from its international business, which includes properties across Finland, Sweden and Spain.

Total income at its international business unit, Holiday Club Resorts (HCR), fell to 39.7 million euros ($45 million) from 41.9 million euros a year ago.

However, surging spending on local leisure travel amid the government's stated goal of making India one of the top five global tourist destinations by 2030, partly offset the decline in international business.

While domestic hotel occupancy dipped to 84.6% from 87.3% a year ago, revenue from the segment rose 5.7% to 4.03 billion rupees in the quarter, as people splurged more.

Overall revenue from operations fell 2.6% to 7.79 billion rupees owing to a 9% fall in the company's international business.

Shares of Mahindra Holidays, which offers resorts and sightseeing packages through its "Club Mahindra" membership and generates revenue through membership fees, closed 5.4% lower ahead of the results.

($1 = 85.3890 Indian rupees)

($1 = 0.8807 euros)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Pooja Desai)

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Jan 31 (Reuters) - Mahindra Holidays and Resorts India MAHH.NS reported a near three-fold surge in its third-quarter profit on Friday, as strong demand for leisure travel boosted the hospitality firm's membership.

The company's shares jumped as much as 7.5% after the results.

Consolidated net profit rose to 348.4 million rupees ($4 million) in the December quarter, from 116.5 million rupees a year earlier, said the company, which provides resorts and sightseeing packages under its 'Club Mahindra' membership programme and earns revenue from membership fees.

Hotel demand has risen significantly, fueled by more people prioritising leisure travel, with popular tourist destinations in north India and Goa seeing notable increases in visitor numbers.

Government efforts to promote tourism and hospitality have also helped the sector.

Mahindra Holidays said it added 3,000 new members during the quarter, taking the total memberships to over 300,000 members.

Its average unit realization, the average revenue generated per membership, grew 37% year-on-year.

Total revenue increased 7% to 6.78 billion rupees, with revenue from its India operations rising 6%.

Total expenses of the company remained flat year-on-year, further aiding its profit growth.

Mahindra Holidays also manages properties in Finland, Sweden, and Spain through its subsidiary, Holiday Club Resorts (HCR). Revenue from the subsidiary rose 6% year-on-year.

Earnings before interest, tax, depreciation, and amortization (EBITDA) rose to 1.78 billion rupees from 1.37 billion rupees a year earlier.

($1 = 86.6500 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Eileen Soreng)

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Dec 20 (Reuters) - Praveg Ltd PAVE.BO:

• ANNOUNCES STRATEGIC INVENTORY ARRANGEMENT WITH MAHINDRA HOLIDAYS & RESORTS INDIA

• ANNOUNCES THREE-YEAR PARTNERSHIP WITH MAHINDRA HOLIDAYS

• MHRIL TO SECURE 70 ROOMS UNDER INVENTORY AGREEMENT

Source text: ID:nBSE3xGM5b

Further company coverage: PAVE.BO

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Oct 25 (Reuters) - Mahindra Holidays and Resorts India Ltd MAHH.NS:

• MAHINDRA HOLIDAYS AND RESORTS INDIA Q2 CONSOL NET PROFIT 137.7 MILLION RUPEES

• MAHINDRA HOLIDAYS AND RESORTS INDIA Q2 CONSOL REVENUE FROM OPERATIONS 6.71 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: MAHH.NS

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Oct 23 (Reuters) - Mahindra Holidays and Resorts India Ltd MAHH.NS:

• OPENS CLUB MAHINDRA PAVAGADH RESORT IN GUJARAT

Source text for Eikon: ID:nBSE63zHCl

Further company coverage: MAHH.NS

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BENGALURU, July 25 (Reuters) - Mahindra Holidays and Resorts India MAHH.NS reported a 61% rise in its first-quarter pre-tax profit on Thursday, helped by growth in memberships and steady room occupancies.

The company, which runs the 'Club Mahindra' brand of resorts, said its consolidated profit before tax rose to 140.4 million rupees ($1.7 million) in the June quarter from 87.1 million rupees a year earlier.

Its shares jumped 2.6% after the results.

Travel demand has rebounded strongly from the pandemic lows, benefiting companies from airlines to hotel operators.

The hospitality firm, part of the tech-to-tractor Mahindra Group, offers holiday packages in exchange for membership fees.

Mahindra Holidays added 3,692 members in the first quarter, taking total memberships to more than 300,000. This led to a 3% year-on-year rise in total membership sales.

Its revenue rose 6% to 6.23 billion rupees, helped by room occupancies, which stayed stable at 90%.

The company owns and operates 114 resorts in India and 33 properties across Finland, Sweden and Spain.

($1 = 83.6730 Indian rupees)

(Reporting by Hritam Mukherjee and Ashna Teresa Britto in Bengaluru; Editing by Sonia Cheema)

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July 23 (Reuters) - Mahindra Holidays and Resorts India Ltd MAHH.NS:

• GETS TAX DEMAND ORDER FOR 66.1 MILLION RUPEES

Source text for Eikon: ID:nNSE7bFxNS

Further company coverage: MAHH.NS

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** Indian auto stocks .NIFTYAUTO flat

** But two-wheeler stocks gain, while four-wheelers stall

** Drop in retail sales of cars steepens in June, data shows

** Gains in two-wheeler sales, meanwhile, acclerates

** TVS Motor's TVSM.NS 2% jump lead two-wheelers' gains

** Eicher Motors EICH.NS and Bajaj Auto BAJA.NS up nearly 1%; Hero MotoCorp HROM.NS flat

** Mahindra and Mahindra's MAHH.NS 1.3% drop steepest among car makers

** Tata Motors TAMO.NS and Maruti Suzuki MRTI.NS flat

** Tyremakers MRF MRF.NS and JK Tyre JKIN.NS flat; Ceat CEAT.NS up 0.5%

** Still, Mahindra's 66% gain is highest on index among automakers

(Reporting by Savio Dsouza)

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** Shares of Mahindra Holidays & Resorts India MAHH.NS up as much as 4.1% to 451 rupees; last up 1.8%

** Leisure hospitality provider reported a 46% Y/Y jump in its March-qtr consolidated net profit, revenue from operations up nearly 13%

** Stock on track for ninth consecutive session of gains, if trends hold

** More than 550,000 shares change hands by 11:24 a.m. IST, 2.9x the 30-day avg

** Including session's gains, stock is up 16.2% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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BENGALURU, April 26 (Reuters) - Mahindra Holidays & Resorts India MAHH.NS reported a 46% rise in its fourth-quarter profit on Friday, aided by higher occupancy and strong membership growth.

A surge in tourism has enabled hospitality companies, including Mahindra Holidays, to rebound strongly after COVID-19.

Mahindra Holidays is known for its premier resorts brand 'Club Mahindra' and has 110 resorts in India and overseas. Its unit in Europe has 33 vacation properties across Finland, Sweden and Spain.

The company reported a consolidated net profit of 823.6 million rupees ($9.88 million) for the quarter ending March 31, against 564.2 million rupees a year ago.

Its revenue rose nearly 13% to 8 billion rupees, while total expenses rose 9.5%.

During the fourth quarter, resort occupancies reached 87.3%, up from 85% the previous year, while the value of membership sales increased 18% year-on-year.

The company expanded its portfolio with resorts in domestic locations like Sikkim and Assam, and international ones such as Turkey, Kenya, Thailand and Georgia.

The company reported an 18% rise in its quarterly upgrades, reflecting customers' decisions to upgrade their memberships, to 660 million rupees.

Shares of Mahindra Holidays rose 1.5% on Friday ahead of the results.

($1 = 83.3471 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Mrigank Dhaniwala)

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April 18 (Reuters) - Mahindra Holidays and Resorts India Ltd MAHH.NS:

• MAHINDRA HOLIDAYS AND RESORTS INDIA LTD - GETS TAX DEMAND FOR 164.8 MILLION RUPEES

• MAHINDRA HOLIDAYS AND RESORTS INDIA LTD - GETS TAX DEMAND FOR 164.8 MILLION RUPEES, PENALTY OF 7.9 MILLION RUPEES

Source text for Eikon: ID:nBSE18Pdw8

Further company coverage: MAHH.NS

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Feb 2 (Reuters) - Mahindra Holidays and Resorts India Ltd MAHH.NS:

• DEC-QUARTER CONSOL NET PROFIT 116.5 MILLION RUPEES VERSUS LOSS 119 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.35 BILLION RUPEES VERSUS 6.02 BILLION RUPEES

Further company coverage: MAHH.NS

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** Shares of Mahindra Holidays & Resorts India MAHH.NS down 8.9% at 408.50 rupees

** Leisure hospitality provider reports near 48% Y/Y fall in Q2 net profit, while revenue rose 9.5% Y/Y

** Total expenses jumped nearly 11%, led by employee benefits expenses

** Stock on track for fourth consecutive session of losses

** More than 927,000 shares change hands, 2.9x 30-day avg, as of 3:18 p.m. IST

** Stock up 53% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of Mahindra Holidays and Resorts MAHH.NS rise as much as 3% to 401.9 rupees, biggest pct gain since Sept. 4

** Co reported on Thurs it signed an MoU with Uttarakhand govt to establish and develop Club Mahindra Resorts in the state

** Says investment estimated to be around 10 bln rupees ($120.53 million) over the next few years

** Stock up ~47% YTD

($1 = 82.9675 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

July 25 (Reuters) - Mahindra Holidays and Resorts India Ltd MAHH.NS:

• APPOINTS RAM MUNDRA AS INTERIM CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE7WVck5

Further company coverage: MAHH.NS

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** Jefferies expects Royal Enfield-owner Eicher Motors EICH.NS and Mahindra and Mahindra MAHH.NS to post strong 16%-17% Y/Y growth

** The Indian automakers set to report their April wholesales data next week

** Brokerage also expects 10% YoY growth for Ashok Leyland ASOK.NS

** Estimates a relatively moderate 3%-6% Y/Y growth in wholesales for Bajaj Auto BAJA.NS, TVS Motor Company TVSM.NS, Hero MotoCorp HROM.NS, Tata Motors TAMO.NS, and Maruti Suzuki India MRTI.NS

** TVSM, TAMO and forged gear-maker Sona BLW Precision Forgings SONB.NS are our top picks in the Indian auto space - Jefferies

** India's Nifty Auto Index .NIFTYAUTO last up 0.5% in the last trading session

(Reporting by Aleef Jahan in Bengaluru)

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April 25 (Reuters) - Mahindra Holidays and Resorts India Ltd MAHH.NS:

• MAHINDRA HOLIDAYS AND RESORTS INDIA MARCH-QUARTER CONSOL NET PROFIT 564.2 MILLION RUPEES VERSUS PROFIT 162.5 MILLION RUPEES

• MAHINDRA HOLIDAYS AND RESORTS INDIA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.12 BILLION RUPEES VERSUS 5.43 BILLION RUPEES

Source text for Eikon: ID:nBSEbCRn6M

Further company coverage: MAHH.NS

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