Q1 2025 Chalet Hotels Ltd Earnings Call Transcript

Jul 26, 2024 / 05:30AM GMT
Operator

Ladies and gentlemen, good day and welcome to Chalet Hotels Q1 FY '25 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, sir.

Sanjay Sethi - Chalet Hotels Ltd - Chief Executive Officer, Managing Director, Executive Director

Thank you, Jerald. Ladies and gentlemen, thank you for joining us today for the earnings call where we will reflect on the performance of Q1 FY '25. Before I commence the quarterly update, let me share with you our announcement of this morning. Committee of our Board has approved a transaction to purchase a land and go up for the development of 5-star deluxe resort. The

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