Chalet Hotels Q4 Revenue Up 24%

Chalet Hotels Limited shared its Q4 results for the fiscal 2024. The results showcase a 23.8% increase in revenue and 121.6% in the company’s profit for the year. The results, however, fail to meet the estimated analytics.

By Mrinal
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Chalet Hotels Limited reveals Q4 2024 financial results

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Chalet Hotels Ltd, in a statement published on the company’s website, has shared the results of its fourth quarter of the fiscal year 2024.

The Westin hotel in Mumbai falls under Chalet Hotels Limited

According to the statement, the revenue for the hotels rose up 23.8% to ₹418.3 crore in a year-on-year comparison. The EBITDA (earnings before interest, taxes, depreciation, and amortisation) was up 20.4% to ₹182.9 crore. The margin was seen at 43.7% and the net profit was up by 121.6% to a total of ₹82.4 crore. Though the company is celebrating, the figures fall short of analysts' estimates for the hotel chain. According to Bloomberg, the revenue estimate was ₹452.7 crore, EBITDA was ₹203.6 crore, margin at ₹45%, and the net profit should have been around ₹89.9 crore.

The revenue for Chalet Hotels rose 23.8% in a year-on-year comparison

The other key highlights from the quarter-end result shed light on the average room rate going up by 5%; it used to be ₹11,304 but now stands at ₹11,862. The occupancy rate has also increased at 76% from 74%, and the revenue per available room saw a rise of 7% from ₹8363 to ₹8984. Overall, the hotel noted an increase in all its sectors – total revenue, selling/general/admin expenses, depreciation/amortisation, other operating expenses, total operating expenses, operating income, net income before taxes, net income, and diluted normalised EPS.

Chalet has properties in Mumbai, Pune, Hyderabad, Bengaluru, Delhi, and Lonavala

In comparison to the same quarter last year, Chalet Hotels Limited had ten hotels to its name this time around instead of just eight ones previously. The total number of room keys the hotel holds now stands at 3052, and by the end of FY 2027, the company plans on expanding to 12 hotels. 

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