HBI Staff | Hyderabad 
Chalet Hotels Limited has reported impressive results for the first quarter of the fiscal year 2025, ending June 30, 2024. The company’s total income reached INR 3.7 billion, marking a 17% increase compared to Q1 FY24. Total EBITDA saw an even more significant rise, climbing by 31% to INR 1.5 billion.
The hospitality segment of Chalet Hotels performed notably well, with revenue increasing by 15% to INR 3.3 billion. The Average Room Rate (ARR) slightly improved to INR 10,446, up by 1% from the previous year. Occupancy remained stable at 70%, while Revenue per Available Room (RevPAR) saw a 2% year-on-year increase to INR 7,361. The segment’s EBITDA also rose by 18%, reaching INR 1.3 billion.
In addition to financial performance, Chalet Hotels has made a significant environmental commitment. On World Environment Day, the company announced its goal of achieving Net-Zero Greenhouse Gas (GHG) Emissions by 2040, aligning with the Paris Agreement’s target to limit global temperature rise to 1.5°C.
The consolidated performance for Q1 FY25 highlights a total income of INR 3,691 million, up 17% year-on-year, though it saw a quarter-on-quarter decline of 13%. EBITDA stood at INR 1,483 million, a 31% increase from Q1 FY24 but a 22% decrease from Q4 FY24. The EBITDA margin improved by 4.1 percentage points year-on-year to 40.2%. However, Profit After Tax (PAT) decreased by 32% year-on-year to INR 606 million.
Segmental performance for Q1 FY25 in the hospitality sector showed stable occupancy at 70% and a slight increase in ARR to INR 10,446. RevPAR improved by 2% year-on-year, although it decreased by 18% quarter-on-quarter. The segment’s revenue grew by 15% year-on-year to INR 3,255 million, while EBITDA increased by 18% to INR 1,341 million. The rental and annuity segment also performed well, with revenue rising by 24% year-on-year to INR 355 million and EBITDA increasing by 16% to INR 264 million.
Chalet Hotels is also expanding its inventory with ongoing projects, including the Bengaluru Marriott Hotel Whitefield and The Dukes Retreat Lonavala, both scheduled for completion in Q3 FY25. Additionally, new projects such as the ‘Taj’ at New Delhi Airport and ‘Hyatt Regency’ in Navi Mumbai are set for completion in FY26 and FY27, respectively.
Commenting on the financial results, Mr. Sanjay Sethi, MD & CEO of Chalet Hotels Limited, stated, “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 favorable demand-supply arbitrage.”
