Q3 2025 Chalet Hotels Ltd Earnings Call Transcript
Key Points
- Chalet Hotels Ltd (BOM:542399) reported its best-ever quarter with consolidated revenue growing 22% year on year to INR4.6 billion.
- The company achieved a strong EBITDA margin of 45.5%, with consolidated EBITDA rising 22% year on year to INR2.1 billion.
- The hospitality segment saw an 18% increase in average room rates and a 16% increase in RevPAR, with steady occupancy at 70%.
- The annuity portfolio revenue surged 92% year on year to INR577 million, with significant leasing momentum of an additional 400,000 square feet.
- Chalet Hotels Ltd (BOM:542399) earned the Great Place to Work certification for the sixth consecutive year, highlighting its commitment to a culture of excellence.
- The company experienced delays in the completion timeline for The Dukes Retreat and renovations at Four Points by Sheraton Navi Mumbai.
- Despite strong performance, the MMR market RevPAR growth was only 6-7%, lower than peers who reported 12-14% growth.
- The company's net debt stood at INR15.8 billion as of December 31, with a planned capital expenditure of INR20 billion over the next three years.
- The finance cost increased to INR45 crore in Q3, up from INR30 crore in the previous quarters, due to interest post-OC being charged to P&L.
- The company faces potential competition from new hotel supply, such as the upcoming Fairmont Hotel in Mumbai, which could impact market dynamics.
Ladies and gentlemen, good day and welcome to Chalet Hotels Limited Q3 FY25 earnings conference call. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call.
These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr Sanjay, Sethi, MD and CEO, Chalet Hotels Limited. Thank you. And over to you, Mr. Sethi.
Thank you. Good morning and thank you for joining us today for Chalet Hotel Limited's Q3 FY25 earnings call. I trust you've had a chance to review our results and the presentation. The Indian hospitality sector continues to show resilience supported by steady economic growth, stable rate of inflation and increasing demand for travel and tourism
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