Advani Hotels & Resorts (India) Limited, the parent company of the iconic Caravela Beach Resort in Goa, has announced a record-breaking net profit of INR 1,192 lakhs for Q3 FY25, marking a 28% year-on-year growth. The company also declared a 50% dividend on the face value of INR 2 per share, amounting to a total payout of INR 924.38 lakhs.
The revenue for Q3 FY25, the highest in the company’s history, stood at INR 3,607.4 lakhs, an increase of 9.2% compared to the same period last year. The growth was driven by strong demand across leisure, wedding, and MICE (meetings, incentives, conferences, and exhibitions) segments. Despite no expansion in rooms or facilities, the company achieved this milestone by enhancing revenue per occupied room.
During the quarter, the EBITDA margin rose to 46.6%, up from 41% in Q3 FY24, largely attributed to an increase in high-margin food and beverage revenue from weddings. Average occupancy was robust at 84.9%, and the Total Revenue per Occupied Room (TRevPOR) surged by 10.5%, reaching INR 24,065.
Highlighting the resort’s standout performance, Christmas Eve saw a net revenue per occupied room of INR 33,905, while on New Year’s Eve, it peaked at INR 48,203, at an occupancy of 94.4%.
The company remains debt-free, with liquid fund reserves, including fixed deposits, reaching INR 5,700 lakhs as of December 31, 2024, reflecting an 18.5% increase year-on-year.
Commenting on the results, Chairman and Managing Director Sunder G. Advani said, “We are excited to report the highest-ever quarterly revenue and net profit in the company’s history. This achievement underscores our consistent growth trajectory. We are optimistic about sustaining this momentum in Q4 FY25, supported by robust demand in the MICE and leisure segments.”
Caravela Beach Resort has continued to earn accolades, including:
- Destination Wedding Resort of the Year—West India at the Economic Times MICE & Wedding Tourism Awards 2024.
- Best Beachfront Wedding Destination Resort at the Shubh Food Travel & Wedding Tourism Expo Summit & Awards 2024.
- Iconic Deluxe Beach Resort and Best MICE Resort of Goa at the Times of India Hospitality Icon Awards and India MICE Awards, respectively.
- Guest Review Award 2024 by GO-MMT and Traveller Review Award 2025 by Booking.com, with a current rating of 8.5/10.
Advani Hotels has taken significant steps toward sustainability by installing aerators to conserve water. Additionally, the resort has introduced a range of experiential activities, such as zorbing, bungee trampolining, archery, and local distillery tours, enhancing its appeal for leisure travellers.
Goa is witnessing a shift from mass tourism to catering to luxury travellers who contribute more significantly to the local economy. The state government is actively improving infrastructure and addressing transportation challenges to position Goa as a high-value destination, akin to luxury hotspots in Southeast Asia.
Advani Hotels’ occupancy of 81.3% in 9M FY25 surpasses the industry average, and the company anticipates sustained growth driven by demand in leisure, weddings, and MICE segments.
