Chalet Hotels Limited announces its results for the third quarter of the fiscal year 2025 ending December 31, 2024.
Key Highlights for Q3FY25:
- Total Income at INR 4.6 bn, up 22% as compared to Q3 FY24
- Total EBITDA at INR 2.1 bn, up 23% as compared to Q3 FY24
- Hospitality Segment Performance:
- Revenue at INR 4.0 bn, up by 17% from Q3 FY24ADR at INR 12,944, up by 18% over Q3 FY24Occupancy was at 70%RevPAR improved by 16% YoY to INR 9,090
- EBITDA was at INR 1.8 bn up by 16% from Q3 FY24
Other Highlights:
- The Rental and Annuity segment saw an additional 0.4 msf leasing within the quarter.
- Chalet Hotels Limited was honoured as one of the top 5 hotel developers in India by the prestigious Hospitality Horizon Awards 2024.
- Chalet Hotels Limited has received the Great Place To Work ®, India certification for the sixth consecutive year.
Consolidated Performance for Q3FY25
INR Million
| Particulars | Q3FY25 | Q2FY25 | QoQ% | Q3FY24 | YoY% | FY 24 |
| Total Income | 4,645 | 3,832 | 21% | 3,799 | 22% | 14,370 |
| EBITDA | 2,114 | 1,556 | 36% | 1,722 | 23% | 6,044 |
| Margin % | 45.5% | 40.6% | 4.9 pp | 45.3% | 20 bps | 42.1% |
| PBT | 1,184 | 794 | 49% | 887 | 33% | 2,694 |
| Tax | -218 | -2,179 | -180 | 88 | ||
| PAT | 965 | -1,385 | – | 706 | 37% | 2,782 |
Segmental Performance for Q3FY25
INR Million
| Hospitality Performance | ||||||
| Particulars | Q3FY25 | Q2FY25 | Var(%) | Q3FY24 | Var(%) | FY 24 |
| ADR | 12,944 | 10,532 | 23% | 10,974 | 18% | 10,718 |
| Occupancy | 70% | 74% | -3% | 71% | -1% | 73% |
| RevPAR | 9,090 | 7,756 | 17% | 7,838 | 16% | 7,776 |
| Total Revenue | 4,005 | 3,352 | 19% | 3,434 | 17% | 12,930 |
| EBITDA | 1,847 | 1,387 | 33% | 1,589 | 16% | 5,742 |
| EBITDA Margin % | 46.1% | 41.4% | 4.7 pp | 46.3% | -0.1 pp | 44.4% |
| Rental Annuity | Q3FY25 | Q2FY25 | Var(%) | Q3FY24 | Var(%) | FY 24 |
| Revenue | 577 | 419 | 38% | 301 | 91% | 1,241 |
| EBITDA | 455 | 323 | 41% | 250 | 82% | 988 |
Development Pipeline Updates:
- Hotel inventory expansion at Bengaluru Marriott Hotel Whitefield (~125-130 rooms) in Q4 FY25.
- Renovation, upgradation and expansion of The Dukes Retreat (65 rooms) completion in Q1 FY26.
- ‘Taj’ at the T3 Terminal Delhi International Airport (385-390 rooms), ‘Hyatt Regency’ at Airoli, Navi Mumbai (~280 rooms) and CIGNUS POWAI® Tower II in Mumbaiare scheduled for completion in FY27.
- Renovation of Four Points by Sheraton Navi Mumbai has commenced. Currently 35 rooms are under renovation and not available for sale.
- New leisure hotel in Goa scheduled for commencement during FY28.
Speaking on the financial results, Sanjay Sethi, MD & CEO, Chalet Hotels Limited says, “Our strongest-ever quarterly performance, reflects our relentless pursuit for excellence. We continue to invest in value accretive growth, fostering innovation and sustainable progress. Being recognised as a Great Place to Work for the sixth consecutive year further solidifies our position as a modern leader, delivering outstanding value to all stakeholders.”
