Chalet Hotels Limited announced its results for the third quarter ending December 31, 2023.
Key Highlights for Q3FY24:
- Total Income at INR 3.8 bn, up 18% as compared to Q3FY23
- EBITDA at INR 1.7 bn, up 18% as compared to Q3FY23, Margin at 45%
- Consolidated PAT at INR 706 million
- Hospitality Segment Performance:
- Revenue at INR 3.4 bn, up by 29% from Q3FY23 ARR at INR 10,974, up by 8% over Q3FY23Same store ARR at INR 11,253, up by 11% over Q3FY23 occupancy was at 71%, expansion of 6 percentage points over Q3FY23 RevPAR improved by 18% YOY to INR 7,838
- EBITDA was at INR 1.6 billion, up by 46% from Q3FY23.
The board also approved raising of funds up to INR 20 Bn through issue of equity shares or any other convertible instruments, subject to shareholders approval.
Sanjay Sethi, MD & CEO, Chalet Hotels Limited, said, “We are pleased to record another strong quarter with highest-ever revenue and EBIDTA. With a strong pipeline for expansion, healthy operating performances and a team that continues to excel, we remain excited about the foreseeable future for our company.”
