Chalet Hotels Limited announces its results for the first quarter of the fiscal year 2025 ending September 30, 2024

Chalet Hotels Limited announces its results for the first quarter of the fiscal year 2025 ending September 30, 2024.

Key Highlights for Q2FY25:

·        Total Income at INR 3.8 bn, up 20% as compared to Q2 FY24

·        Total EBITDA at INR 1.6 bn, up 20% as compared to Q2 FY24

·        Hospitality Segment Performance:

o   Revenue at INR 3.3 bn, up by 18% from Q2 FY24

o   ARR at INR 10,532, up by 10% over Q2 FY24

o   Occupancy was at 74%

o   RevPAR improved by 10% YoY to INR 7,756

o   EBITDA was at INR 1.4 bn up by 18% from Q2 FY24

Speaking on the financial results, Mr. 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."