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Chalet Hotels Posts Q1 FY25 Consolidated PAT Lower at Rs. 60.66 Cr

  • July 26, 2024
  • 2 min read

Our operating performance reflected diligent management and is expected to further strengthen on the back of industry tailwinds

Chalet Hotels Limited has reported consolidated financial results for the period ended June 30, 2024.

Chalet Hotels has posted net profit of Rs. 60.66 crores for the period ended June 30, 2024 as against net profit of Rs. 82.43 crores for the period ended March 31, 2024. The company posted net profit  of Rs.8.664 crores for the period ended June 30, 2023.

Chalet Hotels has reported total income of Rs. 369.10 crores during the period ended June 30, 2024 as compared to Rs. 424.40 crores during the period ended March 31, 2024. The company reported total income of Rs. 314.58 crores during the period ended June 30, 2023.

Speaking on the financial results, Sanjay Sethi, MD & CEO, Chalet Hotels Limited, ‘The performance of Q1 FY25 is testimony to our growth-based strategy. In a quarter that witnessed the unique challenge of elections in the world’s largest democracy, the best ever Q1 in our company’s history, was driven through a mix of capacity growth as well as operating efficiencies. Our operating performance reflected diligent management and is expected to further strengthen on the back of industry tailwinds fueled by favourable demand-supply arbitrage.’

Development Pipeline Updates:

• Hotel inventory expansion at Bengaluru Marriott Hotel Whitefield (~125-130 rooms) and The Dukes Retreat Lonavala (65 rooms) running as per schedule for completion in Q3 FY25

• ‘Taj’, New Delhi Airport (385-390 rooms) and ‘Hyatt Regency’, Airoli, Navi Mumbai (~280 rooms) are scheduled for completion in FY26 & FY27 respectively

• CIGNUS POWAI® Tower II – Completion by FY27

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