Chalet Hotels Q1 Results: Revenue Up 16%, Profit Falls

Chalet Hotels Ltd.'s consolidated net profit declined in the first quarter of fiscal 2025, but met analysts' estimates.

Net profit of the company fell 31.6% year-on-year to Rs 61 crore in the quarter-ended June, according to an exchange filing on Thursday. Analysts tracked by Bloomberg had pegged the profit at Rs 49 crore.

• Revenue up 16.2% to Rs 361 crore versus Rs 311 crore (Bloomberg estimate: Rs 363 crore).

• Ebitda up 27.8% at Rs 140 crore versus Rs 110 crore (Bloomberg estimate: Rs 142 crore).

• Margin at 38.8% versus 35.3% (Bloomberg estimate: 39.2%).

• Net profit down 31.6% to Rs 61 crore versus Rs 89 crore (Bloomberg estimate: Rs 49 crore).

Average room rate increased by 1% to Rs 10,446, while occupancy remained constant at 70%.

Its project pipeline for this year includes hotel inventory expansion at Bengaluru Marriott Hotel Whitefield (capacity of 125-130 rooms) and The Dukes Retreat Lonavala (65 rooms) slated for completion in the third quarter.

On the other hand, ‘Taj’, New Delhi Airport (385-390 rooms) and ‘Hyatt Regency’, Airoli, Navi Mumbai (280 rooms) are scheduled for completion in fiscal 2026 and fiscal 2027, respectively.

Shares of Chalet Hotels closed 3.58% lower at Rs 827.8 apiece, as compared with a 0.14% decline in the benchmark BSE Sensex. The results were announced after market hours.