Chalet Hotels Limited announces its results for the first quarter of the fiscal year 2025 ending June 30, 2024.Total Income at INR 3.7 bn, up 17% as compared to Q1 FY24. Total EBITDA at INR 1.5 bn, up 31% as compared to Q1 FY24. Revenue at INR 3.3 bn, up by 15% from Q1 FY24.ARR at INR 10,446, up by 1% over Q1 FY24 Occupancy was at 70%
RevPAR improved by 2% YoY to INR 7,361. EBITDA was at INR 1.3 billion, up by 18% from Q1 FY24
Speaking on the financial results, Sanjay Sethi, MD & CEO, Chalet Hotels Limited, ‘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 favourable demand-supply arbitrage.’
