HBI Staff | Hyderabad 
Sterling Holiday Resorts announced its results for Q1 FY25. The company recorded its highest ever Q1 revenue of
INR 126 Cr. and maintained its EBITDA at a healthy 34% in line with the industry average. The company has been profitable for 16 consecutive quarters.
With the addition of 2 resorts in Dehradun and Udaipur during the quarter, Sterling’s portfolio crossed the milestone of 50 resorts. The addition of 9 resorts since Q1 FY24 reiterates the Company’s sustained delivery of its expansion strategy.
Key Highlights:
With this rapid geographic expansion on an asset-right model, the CEO & MD, Mr. Vikram Lalvani said, “Despite numerous headwinds in the first quarter, Sterling delivered its highest ever Q1 revenues and a healthy EBITDA margin, while also ramping upcapacity with new resorts. With long term demandtrends continuing to be strong, Sterling is poised for sustained growth through asset-right, balanced portfolio growth across regions. Based on our expansion plans of 20 additional resorts and 1,000 keys in the next 12 to 18 months, in phases, we are also investing in building key talent to cater to this growth.”
Key Recognitions:
