Q2 2025 Chalet Hotels Ltd Earnings Call Transcript
Key Points
- Chalet Hotels Ltd (BOM:542399) reported a 20% increase in consolidated revenue year-on-year, demonstrating strong financial performance.
- The hospitality segment saw an 18% revenue growth, with stable occupancy rates at 74% and a 10% increase in average room rates.
- The company achieved a significant milestone by acquiring an 11-acre beachfront land parcel in Varca, which will enhance its leisure portfolio.
- Chalet Hotels Ltd won the KPMG ESG Excellence Award 2024 and was recognized as one of the best workplaces for women in India.
- The company has a robust CapEx plan of INR 15 billion for the next six quarters, indicating a strong commitment to growth and expansion.
- There have been delays in the opening of the Taj at the terminal in Delhi International Airport, now expected by June 2026.
- The company faced a one-time non-cash impact due to the reversal of deferred tax assets, resulting in a negative PAT of INR 1.4 billion for the quarter.
- Other expenses increased due to one-offs such as advertisement costs for the residential sector and legal expenses related to expansion.
- The net debt increased to INR 16.6 billion, despite internal accruals funding most of the CapEx and land acquisitions.
- The hospitality segment in Mumbai reported only a 7% growth in ADR, which was lower than expected due to competitive pressures and weather conditions.
Ladies and gentlemen, good day and welcome to the chalet Hotels Limited Q2 FY 2025 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 risk and uncertainties that are difficult to predict as a reminder. (Operator instructions) I now hand the conference over to Mr Sanjay, Sethi, MD and CEO chalet Hotels Limited. Thank you and over to you sir.
Joining us today for the earnings call on the performance of Chalet Hotel Limited due to FY 2025 results to begin with. The Indian hospitality sector seems to be doing well and has bounced back this quarter to demonstrate strong performances. It has been driven by overall positive environment supporting travel from a macroeconomic perspective, India is navigating a mixed environment. The IMF predicts steady
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