Chalet Hotels Limited reports Q2 FY25 results

Chalet Hotels Limited has reported its financial results for the second quarter of fiscal year 2025, ending September 30, 2024. The company achieved a record revenue of Rs 3.8 billion, a 20 per cent increase from last year. EBITDA also rose by 20 per cent, totalling Rs 1.6 billion.

The average daily rate (ADR) improved by 10 per cent to Rs 10,532, while occupancy rates stood at 74 per cent. The hospitality segment generated Rs 3.3 billion in revenue, reflecting an 18 per cent growth year-over-year. Significant recognition includes receiving the KPMG ESG Excellence Award 2024 and being named one of ‘India’s Best Workplaces for Women.’

A significant impact on net profit was noted due to the reversal of deferred tax assets following changes in capital gains tax, leading to a reported loss of Rs 1.385 billion for the quarter.

Speaking on the financial results, Sanjay Sethi, MD & CEO, Chalet Hotels Limited, "We are pleased to report another outstanding quarter of growth, driven by positive momentum in room rates and backed by strong EBITDA margins, an indication that our strategic initiatives and efforts to drive operational excellence are paying off. Our upcoming 11-acre beachfront development in Goa is set to transform the region over the next three years. As we enter the second half of the year, we are confident in maintaining this upward trajectory to maximise returns across our diverse portfolio."

Chalet Hotels continues to pursue its development pipeline, with various projects set for completion in the coming years, further aiming to enhance operational performance.