Chalet Hotels Ltd

Profit before tax (PBT) stood at Rs 158.82 crore in Q4 FY25, up 60.39%. EBITDA jumped 36% to Rs 256.9 crore during the quarter as compared with Rs 189 crore posted in corresponding quarter last year. EBITDA margin improved to 47.8% in Q4 FY25 as against 44.5% in Q4 FY24. Average daily rate (ADR) increased 21% to Rs 14,345 in Q4 FY25 from 11,862 in Q4 FY24. Occupancy rate increased by 30 bps to 76% during the quarter as compared with 75.7% in the same quarter last year. Revenue per available room (RevPar) stood at Rs 10,909 in Q4 FY25, up 21% as compared with Rs 8,984 crore in Q4 FY24. Average room rate (ARR) was at Rs 14,345 in Q4 FY25, up 21% YoY. Same store ARR jumped 19% YoY to Rs 14,158 in Q4 FY25. In Q4 FY25, revenue from rental / annuity business stood at Rs 61.9 crore, up by 75% over Q4 FY24. The company said that renovation and expansion of The Dukes Retreat, Khandala set for completion in H1FY26. 'Taj' at the T3 Terminal Delhi International Airport (385-390 rooms) and CIGNUS POWAI Tower II in Mumbai are scheduled for completion in FY27. On financial year basis, the company's consolidated net profit declined 48.75% to Rs 142.56 crore despite of a 21.21% jump in revenue from operations to Rs 1,717.82 crore in FY25 over FY24. Sanjay Sethi, MD & CEO, Chalet Hotels, 'This year we achieved a significant milestone ' Rs 1,500 crore in revenue from the Hospitality business with a strong 45% EBITDA margin, one of the highest in the industry, driven by the team's robust execution and operational excellence. Our entry into Goa and Rishikesh reflects our strategy of strengthening our portfolio and diversifying our customer mix. For the year ahead, we aim to drive strong revenue growth whilst deepening our operational efficiencies, maintaining a sharp focus on executing our expansion pipeline. We are equally excited to work on the acquisition of the new land parcel in North Goa.' Meanwhile, the company entered into a binding term sheet with Lakeview Mercantile Company Private (Lakeview) and its shareholders with respect to proposed acquisition of Lakeview, being the owning entity of a land parcel at Bambolim in Goa with potential of a hotel development for around 170 room luxury resort. The company will acquire Lakeview for a total consideration of Rs 136.9 crore. Further, the company will raise funds through issuance of listed or unlisted non-convertible debentures (NCDs) or commercial paper or any other market linked debt instruments upto an amount not exceeding Rs 1,000 crore in the aggregate to be issued in tranches on a private placement basis, within the overall borrowing limits, subject to shareholders' approval. Furthermore, the company's board has approved raising funds through the issuance of commercial paper, up to an aggregate amount not exceeding Rs 250 crore, to be issued in tranches on a private placement basis. Additionally, the company's board approved to acquire additional 14.31% of the equity shares of Vikramaditya Renewable Energy Private for availing of solar power through open access arrangement under group captive model. Accordingly, Vikramaditya Renewable Energy Private will become an associate of the company upon acquisition of the said additional equity shares. Chalet Hotels (CHL), part of K Raheja Corp, is an owner, developer, asset manager and operator of high end hotels and luxury resorts in India, comprising of 11 operating hotels & resorts with 3,314 keys across globally recognized hospitality brands including JW Marriott, The Westin and Novotel, to name a few.Powered by Capital Market - Live

Net profit of Chalet Hotels rose 50.23% to Rs 123.85 crore in the quarter ended March 2025 as against Rs 82.44 crore during the previous quarter ended March 2024. Sales rose 24.80% to Rs 521.97 crore in the quarter ended March 2025 as against Rs 418.26 crore during the previous quarter ended March 2024. For the full year,net profit declined 48.75% to Rs 142.57 crore in the year ended March 2025 as against Rs 278.17 crore during the previous year ended March 2024. Sales rose 21.21% to Rs 1717.83 crore in the year ended March 2025 as against Rs 1417.25 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales521.97418.26 25 1717.831417.25 21 OPM %46.2643.72 -42.8441.25 - PBDT208.60136.14 53 613.11407.72 50 PBT158.8299.03 60 434.31269.35 61 NP123.8582.44 50 142.57278.17 -49 Powered by Capital Market - Live

Chalet Hotels will hold a meeting of the Board of Directors of the Company on 12 May 2025.Powered by Capital Market - Live

Chalet Hotels has allotted 7,500 Listed, Rated, Secured, Redeemable, Transferable, Taxable, Non-Cumulative, Non-Convertible Debentures (NCDs) aggregating to Rs.75.08 crore on a private placement basis. Powered by Capital Market - Live

The Board of Chalet Hotels at its meeting held on 10 February 2025 has, inter-alia, considered and approved the acquisition of Mahananda Spa and Resorts, a Wholly Owned Subsidiary of Mankind Pharma, and owning company of The Westin Resort & Spa, Himalayas a 141 room hotel at Rishikesh. The Company is in the process of entering into definitive agreements with the parties. The acquisition of 100% stake is at an enterprise value of Rs 530 crore (to be adjusted for net current asset). Powered by Capital Market - Live

Net profit of Chalet Hotels rose 36.70% to Rs 96.54 crore in the quarter ended December 2024 as against Rs 70.62 crore during the previous quarter ended December 2023. Sales rose 22.51% to Rs 457.79 crore in the quarter ended December 2024 as against Rs 373.67 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales457.79373.67 23 OPM %44.7144.42 - PBDT166.06123.97 34 PBT118.3588.65 34 NP96.5470.62 37 Powered by Capital Market - Live

Chalet Hotels has approved the allotment of 1,81,840 fully paid-up equity shares having a face value of Rs.10/- each to eligible employee under CHL Employee Stock Option Plan 2022 by way of its resolution by circulation dated 14 November 2024 which was approved on 15 November 2024. Post allotment, the paid up equity share capital has increased 21,84,27,773 equity shares of Rs.10 each amounting to Rs.2,18,42,77,730. Powered by Capital Market - Live

Net loss of Chalet Hotels reported to Rs 138.49 crore in the quarter ended September 2024 as against net profit of Rs 36.44 crore during the previous quarter ended September 2023. Sales rose 19.87% to Rs 377.05 crore in the quarter ended September 2024 as against Rs 314.55 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales377.05314.55 20 OPM %39.6640.04 - PBDT121.7979.44 53 PBT79.4244.47 79 NP-138.4936.44 PL Powered by Capital Market - Live

Chalet Hotels has received upgrade in credit ratings from India Ratings & Research as under: Term loans, non-convertible debentures and fund based working capital limits - IND AA-/ Stable (revised from IND A-/ Positive) Non fund based working capital limits - IND A1+ (revised from IND A2+)Powered by Capital Market - Live

Chalet Hotels has allotted 30,000 equity shares under ESOP. With this allotment, the paid up equity share capital has increased to 21,82,45,933 equity shares of Rs.10 each amounting to Rs.2,18,24,59,330. Powered by Capital Market - Live