30, Jan 2025
Chalet Hotels Limited Reports Q3 Fy25 Results

Sanjay Sethi,

Mumbai |January 30, 2025: Chalet Hotels Limited announces its results for the third quarter of the fiscal year 2025 ending December 31, 2024.

Key Highlights for Q3FY25:

  •  Total IncomeatINR 4.6bn, up 22%as compared to Q3FY24
  •  TotalEBITDAatINR2.1bn, up 23%as compared to Q3FY24

• Hospitality Segment Performance:

  •  Revenue atINR4.0bn, up by 17%from Q3FY24
  •  ADRat INR12,944, up by 18% over Q3 FY24
  •  Occupancy was at 70%
  •  RevPAR improved by16%YoY to INR 9,090

 EBITDA was at INR 1.8bn up by16% from Q3FY24

Other Highlights:

  •  The Rental and Annuity segment saw an additional 0.4msf leasing within the quarter.
  •  Chalet Hotels Limited was honored 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.

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 Q1FY26.
  •  ‘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,Mr. 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.”

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