
Chalet Hotels witnessed a dynamic performance in the third quarter, exhibiting a substantial surge in consolidated profit, registering a notable 131.4 percent gain from the corresponding period last year. However, this exceeded market projections.
The company’s revenue demonstrated a commendable uptick, soaring 27 percent year-on-year to reach Rs 314.5 crore.
Impressively, the EBITDA also exhibited a noteworthy surge of 48 percent compared to the previous year, clocking in at Rs 126 crore, while the margin witnessed a commendable expansion of 570 basis points, now standing at a solid 40 percent.
Looking ahead, it is anticipated that foreign tourist arrivals (FTAs) will gradually revert to pre-pandemic levels. Presently, the mix of FTAs remains notably lower at 32 percent in H1FY24, compared to the 58 percent recorded in H1FY20.
As of 12:56, Chalet Hotels shares experienced a slight dip, trading at ₹550.25, down 1.69 percent from earlier in the day.