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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.
Yahoo
31-01-2025
- Business
- Yahoo
KPIT Technologies Ltd (BOM:542651) Q3 2025 Earnings Call Highlights: Strong Revenue and Profit ...
Revenue Growth: 20.7% year-to-date growth over last year Q3 FY25. Quarterly Revenue Growth: 17.4% in constant currency, 18.1% year-on-year. EBITDA Margin: 21.1% compared to 20.8% last year. Profit Growth: 38% year-to-date over the same period last year; 20.4% year-on-year for the quarter. Cash Generation: Increased from INR9.6 billion last quarter to INR14.2 billion this quarter. Days Sales Outstanding (DSO): 42 days, typically around 45 days. Interim Dividend: INR2.5 per share compared to INR2.1 per share last year. Deal Wins: USD 236 million during the quarter. Warning! GuruFocus has detected 1 Warning Sign with BOM:542651. Release Date: January 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. KPIT Technologies Ltd (BOM:542651) reported a strong year-to-date revenue growth of 20.7% and profit growth of 38% over the same period last year. The company has seen significant cash generation, with cash increasing from INR9.6 billion last quarter to INR14.2 billion this quarter. KPIT Technologies Ltd (BOM:542651) has maintained a low attrition rate, about half of the industry average, indicating strong employee retention. The company has a robust pipeline, which has increased by over 20% during the quarter, driven by large deals and broad-based client engagement. KPIT Technologies Ltd (BOM:542651) continues to invest in AI and cybersecurity, enhancing its technological capabilities and future readiness. There is a slowdown in global auto volumes, which could impact demand from clients, particularly in the US and Europe. The transition from electric vehicles (EVs) to hybrids and other alternatives by OEMs may pose challenges in terms of revenue adjustments. The company faces potential risks from the merger of key clients, such as Honda and Nissan, which could impact existing work and growth prospects. KPIT Technologies Ltd (BOM:542651) has experienced an increase in other expenses, which rose by 11% sequentially, impacting overall profitability. The company is cautious about mergers and acquisitions, opting not to pursue QIP in the short term, which may limit expansion opportunities. Q: Between the US and Europe, where do you see demand from clients coming back sooner based on your conversations? Also, how does the shift from EVs to hybrids impact your business with OEMs? A: Demand recovery is led by Europe, followed by the Americas and Asia. The shift to hybrids and other propulsion methods presents a great opportunity for KPIT, as we are involved in both battery electric and hybrid solutions. This trend is positive for us across various markets, including the US, Japan, and India. (Sachin Tikekar, President, Joint Managing Director, Executive Director) Q: Can you provide an update on the Coric initiative and when it might start contributing to revenue? A: We are on track with Coric, having secured a significant OEM client and are in advanced discussions with another European OEM. We expect Coric to contribute to revenue in FY26. (Kishor Patil, CEO, Co-Founder, Managing Director, Executive Director) Q: How do you see the deal pipeline shaping up in the upcoming quarters? A: We have seen significant improvement in deal closures and pipeline build-up, with opportunities across geographies and sub-verticals. We expect this trend to continue, driven by passenger cars, trucks, and off-highway vehicles, as well as collaborations with semiconductor companies. (Sachin Tikekar, President, Joint Managing Director, Executive Director) Q: Regarding the potential Honda-Nissan merger, do you foresee any risks to your existing work with Honda? A: We view the merger as a positive opportunity, potentially expanding our work with Nissan. We are a critical partner for Honda, and this merger could enhance our engagement with both companies. (Sachin Tikekar, President, Joint Managing Director, Executive Director) Q: How are you addressing the margin impact from the growth in ROW (Rest of World) geographies, which are typically lower margin? A: We do not see a negative impact on profitability from ROW growth. We are focusing on AI and automation to improve productivity and are shifting our revenue mix towards higher-margin areas like licenses and outcome-based revenues. (Kishor Patil, CEO, Co-Founder, Managing Director, Executive Director) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
