Q4 2024 Chalet Hotels Ltd Earnings Call Transcript
Key Points
- Chalet Hotels Ltd (BOM:542399) reported record high ADRs, revenue, EBITDA, and PAT for Q4 FY24.
- The company successfully raised INR1,000 crores through a QIP, strengthening its balance sheet.
- Chalet Hotels Ltd (BOM:542399) acquired the Courtyard by Marriott Resort in Aravali, which has future expansion potential.
- The company plans to add approximately 870 more rooms to its portfolio and invest over INR2000 crores in the next three years.
- The hospitality segment revenue grew by 24% year-on-year to INR3.8 billion, with room revenue also growing by 24%.
- Despite strong performance, the company faces challenges in maintaining high ADR growth due to a high base effect.
- The Mumbai region showed only a 2% growth in ADR, lagging behind some peers who reported higher growth.
- The company has significant capital work in progress, with INR13.5 billion yet to be operationalized, posing a risk if market conditions change.
- There are concerns about the impact of water shortages in Bangalore on future sales and operations.
- The company has a high net debt of INR25 billion as of March 2024, which could impact financial flexibility.
Ladies and gentlemen, good day, and welcome to the Chalet Hotels Limited Q4 FY24 earnings conference call. We have with us today Mr. Sanjay Sethi, CEO and MD and Mr. Milind Wadekar, CFO. (Operator Instructions)
Please note 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 and these statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touchtone phone. 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.
Thank you so much. Good morning, ladies and gentlemen, and thank you for joining us for the call today. To begin with Milind
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