Latest news with #ChaletHotelsLtd
Yahoo
14-05-2025
- Business
- Yahoo
Chalet Hotels Ltd (BOM:542399) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic ...
Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Chalet Hotels Ltd (BOM:542399) reported its strongest year-to-date performance in FY25, with record revenue and profitability driven by robust business fundamentals and strategic acquisitions. The company achieved the highest ever average room rate (ARR) of INR 14,345 at the portfolio level, marking a 21% year-on-year increase. Hospitality segment revenue grew by 20% to INR 4.6 billion for the quarter, with room revenue rising 27% year-on-year. Chalet Hotels Ltd (BOM:542399) has a strong focus on cost control, achieving an EBITDA margin of 48.5% in the hospitality division, up 60 basis points year-on-year. The company is expanding its portfolio with new projects, including a 170-room luxury hotel in Goa and additional rooms at the Bangalore Marriott Hotel Whitefield, aligning with its strategy of working with scale. The geopolitical situation in the subcontinent poses potential risks to business operations, with the company closely monitoring and implementing contingency plans. There has been an unexpected delay in some projects due to changes in NGT regulations, impacting several projects within a 5-kilometer radius of the national park. Despite strong performance, the company is 9% below its internal revenue targets for May due to recent geopolitical developments. The company has a significant net debt of INR 19.9 billion as of March 31, 2025, which may impact future financial flexibility. There are concerns about potential occupancy dilution in some properties, although the company expects positive growth in occupancy rates. Warning! GuruFocus has detected 2 Warning Sign with BOM:542399. Q: With many international players entering the market, how does Chalet Hotels plan to maintain its competitive edge, especially with rising real estate and labor costs? Additionally, how will potential interest rate cuts affect your financial strategy? A: (Unidentified_2, MD and CEO) Chalet Hotels focuses on asset ownership, with efficient cost management in building and operating hotels. Our strategic design and cost control allow us to maintain a competitive edge. (Unidentified_3, CFO) Our current cost of capital is 8.4%, and we anticipate further reductions as interest rates are reset, potentially lowering our finance costs. Q: How have recent geopolitical developments affected your occupancy rates and revenue, particularly in the leisure and business segments? A: (Unidentified_2, MD and CEO) The geopolitical situation has caused volatility, but we are still experiencing a 12% year-on-year growth in May, despite being 9% below our internal targets. We have seen some cancellations in the MICE segment, but the overall growth trajectory remains positive. Q: What is your outlook on the Goa market, and how do you assess the demand-supply scenario there for the next few years? A: (Unidentified_2, MD and CEO) We see Goa as a deep market with strong mid- and long-term potential. Our investments in North and South Goa reflect our confidence in the region's growth, and we anticipate double-digit revenue growth in the coming years. Q: Can you provide details on the acquisition and expected performance of your second hotel in Goa? A: (Unidentified_2, MD and CEO) The acquisition cost is approximately INR 136 crore, primarily for land. We expect the hotel to be completed in about three years, with average room rates between INR 18,000 and INR 21,000. The hotel will be positioned in the upper upscale luxury segment. Q: How do you plan to manage your debt and leverage, especially with your growth targets and potential acquisitions? A: (Unidentified_2, MD and CEO) We maintain a strong balance sheet and are prepared for strategic growth opportunities. Our internal accruals and prudent debt management will support our expansion plans, aiming for a debt-to-EBITDA ratio below 3.5 times. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
13-05-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Chalet Hotels, Adani Ports, Motilal Oswal stock to buy
Stock market today: India's key indexes declined in early trading on Tuesday as investors secured profits following a post-ceasefire surge that led the market to its strongest performance in over four years, with April inflation figures now in focus. As of 13:34 IST, the Nifty 50 was down 1.31% at 24,597.35, while the Sensex dropped 1.53% to 81,172.71. As per reports, analysts anticipate that the benchmarks will consolidate after Monday's nearly 4% rally, which was driven by a ceasefire and reduced cross-border tensions. Market analysts pointed out that the significant rise in the market on the previous day, mainly due to the ceasefire announcement, suggests it is crucial to evaluate and anticipate the market's likely direction going forward. It is essential to recognize that the substantial 916-point increase in Nifty 50 was not driven by institutional activity. The total buying from FIIs and DIIs yesterday amounted to only ₹ 2,694 crores. This indicates that the market's rise was primarily fueled by short-covering and purchases from HNIs and retail investors. This suggests that institutional activity may remain low in the upcoming days, which could hinder the ongoing rally, according to experts. Nifty 50 rallied sharply, gaining nearly 900 points, and decisively broke above the 24,800–24,850 resistance band. A bullish candle formation on the daily chart signals strong buying interest. The Relative Strength Index (RSI 14) now reads 67, reflecting solid upward momentum. Meanwhile, the Rate of Change (ROC) has moved above its neutral point to 2.45, indicating increasing strength in the current move. Going forward, the index is likely to head towards the 25,200–25,300 zone. On any dip, 24,700 will act as immediate and critical support. Trade Strategy: Consider buying Nifty 50 May Futures on a pullback near 24,900–24,950 Upside Targets: 25,200–25,300 Bank Nifty surpassed its recent hurdle at 55,000, backed by a noticeable rise in traded volumes. The next major resistance lies between 55,600–55,700, where some selling pressure or booking of profits could emerge. On the downside, 54,900 will now serve as the key support zone. RSI (14) stands at 62, suggesting a healthy trend continuation in the banking space. We anticipate the index to extend its upmove in the coming sessions. Trade Strategy: Buy Bank Nifty May Futures around 55,400–55,600 Upside Targets: 55,900–56,100 Riyank Arora recommends these three stocks in the short term - Chalet Hotels Ltd, Adani Ports and Special Economic Zone Ltd, and Motilal Oswal Financial Services Ltd. Buy | CMP: ₹ 870 | Stop Loss: ₹ 850 | Target: ₹ 925 Chalet Hotels shares has broken out of a triangle pattern, supported by a significant jump in volume. The RSI (14) is placed at 62, indicating sustained strength, while the MACD has just triggered a positive crossover, enhancing the bullish setup. The structure suggests an upward move towards ₹ 925. Maintain a protective stop at ₹ 850. Buy | CMP: ₹ 1,362 | Stop Loss: ₹ 1,290 | Target: ₹ 1,500 Adani Ports shares has convincingly breached its resistance near ₹ 1,300, showing strong upward momentum. RSI (14) is at 68, highlighting robust strength. MACD indicators also confirm the ongoing positive trend. The stock looks poised to move towards ₹ 1,500. Keep stop loss fixed at ₹ 1,290 for risk control. Buy | CMP: ₹ 736 | Stop Loss: ₹ 700 | Target: ₹ 780 Motilal Oswal shares has surged past the ₹ 704.65 resistance level with a strong increase in volume, indicating renewed buying interest. RSI (14) stands at 61, and MACD has turned positive with a fresh crossover, reinforcing the bullish bias. The stock has potential to test ₹ 780 in the near term. A stop loss at ₹ 700 is advised. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Yahoo
21-04-2025
- Business
- Yahoo
Chalet Hotels Ltd (BOM:542399) Q3 2025 Earnings Call Highlights: Record Revenue Growth and ...
Consolidated Revenue: INR4.6 billion, a 22% year-on-year growth. Consolidated EBITDA: INR2.1 billion, a 22% year-on-year increase. EBITDA Margin: 45.5% for the quarter. Hospitality Segment Revenue: INR4 billion, a 17% growth. Average Room Rate (ADR): Increased by 18% to nearly INR13,000. Occupancy Rate: Stable at 70%. RevPAR Growth: 16% increase to over INR9,000. Annuity Portfolio Revenue: INR577 million, a 92% year-on-year surge. Residential Real Estate Sales: 18 apartments sold at an average rate of INR22,000 per square foot. Consolidated PBT: INR1.2 billion, up from INR0.9 billion in the same quarter last year. Consolidated PAT: INR965 million, a 37% increase from INR706 million last year. Net Debt: INR15.8 billion as of December 31. Average Cost of Finance: 8.53%, a reduction of 34 basis points from March '24. CapEx and Land Acquisitions: INR4.8 billion spent during the year to date. Warning! GuruFocus has detected 2 Warning Sign with BOM:542399. Release Date: January 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Chalet Hotels Ltd (BOM:542399) reported its best-ever quarter with consolidated revenue growing 22% year on year to INR4.6 billion. The company achieved a strong EBITDA margin of 45.5%, with consolidated EBITDA rising 22% year on year to INR2.1 billion. The hospitality segment saw an 18% increase in average room rates and a 16% increase in RevPAR, with steady occupancy at 70%. The annuity portfolio revenue surged 92% year on year to INR577 million, with significant leasing momentum of an additional 400,000 square feet. Chalet Hotels Ltd (BOM:542399) earned the Great Place to Work certification for the sixth consecutive year, highlighting its commitment to a culture of excellence. The company experienced delays in the completion timeline for The Dukes Retreat and renovations at Four Points by Sheraton Navi Mumbai. Despite strong performance, the MMR market RevPAR growth was only 6-7%, lower than peers who reported 12-14% growth. The company's net debt stood at INR15.8 billion as of December 31, with a planned capital expenditure of INR20 billion over the next three years. The finance cost increased to INR45 crore in Q3, up from INR30 crore in the previous quarters, due to interest post-OC being charged to P&L. The company faces potential competition from new hotel supply, such as the upcoming Fairmont Hotel in Mumbai, which could impact market dynamics. Q: Could you explain the reasons behind the lower RevPAR growth in the Mumbai Metropolitan Region compared to peers, and the expected impact of the upcoming Fairmont Hotel? A: Sanjay Sethi, CEO, explained that the RevPAR growth of 6-7% in MMR was driven by an ADR strategy, letting go of low-paying business for long-term benefits. The Fairmont Hotel's opening is expected to bring competition, but Chalet Hotels is confident in maintaining its premium position due to its partnership with Marriott and strong distribution and loyalty programs. Q: Are there any signs of recovery in Foreign Tourist Arrivals (FTAs), and how does this impact ARR growth? A: Sanjay Sethi noted an expected growth in foreign travel, supported by the upcoming airport expansion in Mumbai. This will create more capacity and opportunities for international flights, potentially boosting foreign arrivals. Although the percentage of foreign guests remained flat, absolute numbers increased by 5% year-on-year. Q: Can you provide more details on the Kerala project, including CapEx, timelines, and demand expectations? A: Sanjay Sethi stated that the Kerala project is progressing with government support. The first phase will include 150 rooms and a convention center, with potential expansion based on demand. The project aims to create in-house demand through the convention center, with a focus on leisure and some corporate demand. Q: What is the reason for the increase in finance costs in Q3, despite previous debt repayment? A: Nitin Khanna, CFO, explained that the increase in finance costs is due to the capitalization of the Powai commercial building, with interest now being charged to the P&L post-OC. The net debt remains at INR 1,580 crore, and future growth will be supported largely through internal accruals. Q: How has the Bangalore market achieved a 30% ARR growth, and is this sustainable? A: Sanjay Sethi attributed the growth to natural market dynamics, with Bangalore catching up to Hyderabad. The addition of 129 rooms will increase capacity, and the company expects continued RevPAR growth as these rooms stabilize. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
