Chalet Hotels Reports 13 Per Cent Growth in Core EBITDA in Q2 FY27
Real Estate

Chalet Hotels Reports 13 Per Cent Growth in Core EBITDA in Q2 FY27

Chalet Hotels reported an 11 per cent year-on-year increase in income from its core hospitality and annuity businesses to Rs. 5.11 bn in Q2 FY27. Core EBITDA, excluding the residential business, rose 13.5 per cent to Rs. 2.27 bn, while the margin expanded by 110 basis points to 44.5 per cent.

Consolidated profit after tax increased 39.7 per cent to Rs. 2.16 bn. The company said the quarter’s tax expense was not directly comparable with earlier periods because it recognised a Rs. 1.13 bn tax credit arising from the remeasurement of deferred tax liabilities under the concessional tax regime.

The hospitality segment reported revenue of Rs. 4.12 bn, an increase of 8.2 per cent, while EBITDA grew 11.2 per cent to Rs. 1.69 bn. Revenue per available room rose 7.2 per cent to Rs. 8,702, with the leisure portfolio recording 34 per cent growth in RevPAR.

The rental annuity business generated revenue of Rs. 901 mn, up 22 per cent, and EBITDA of Rs. 750 mn, an increase of 23.5 per cent. Chalet Hotels also rebranded its business hotel in Navi Mumbai as ATHIVA Pulse, Navi Mumbai – Autograph Collection.

Managing director and chief executive officer Shwetank Singh attributed the performance to the strength of the hospitality portfolio and continued operational improvements. He said reduced air connectivity and higher airfares affected some business travel markets, but average daily rate still increased 11.3 per cent year on year alongside the growth in RevPAR.

Singh said the leisure properties benefited from improvements in occupancy and room rates. He added that Taj Delhi International Airport and CIGNUS II, Powai, were progressing towards completion, while the expanding ATHIVA pipeline and the company’s balance sheet supported its plans to pursue long-term opportunities in Indian hospitality.

Chalet Hotels reported an 11 per cent year-on-year increase in income from its core hospitality and annuity businesses to Rs. 5.11 bn in Q2 FY27. Core EBITDA, excluding the residential business, rose 13.5 per cent to Rs. 2.27 bn, while the margin expanded by 110 basis points to 44.5 per cent. Consolidated profit after tax increased 39.7 per cent to Rs. 2.16 bn. The company said the quarter’s tax expense was not directly comparable with earlier periods because it recognised a Rs. 1.13 bn tax credit arising from the remeasurement of deferred tax liabilities under the concessional tax regime. The hospitality segment reported revenue of Rs. 4.12 bn, an increase of 8.2 per cent, while EBITDA grew 11.2 per cent to Rs. 1.69 bn. Revenue per available room rose 7.2 per cent to Rs. 8,702, with the leisure portfolio recording 34 per cent growth in RevPAR. The rental annuity business generated revenue of Rs. 901 mn, up 22 per cent, and EBITDA of Rs. 750 mn, an increase of 23.5 per cent. Chalet Hotels also rebranded its business hotel in Navi Mumbai as ATHIVA Pulse, Navi Mumbai – Autograph Collection. Managing director and chief executive officer Shwetank Singh attributed the performance to the strength of the hospitality portfolio and continued operational improvements. He said reduced air connectivity and higher airfares affected some business travel markets, but average daily rate still increased 11.3 per cent year on year alongside the growth in RevPAR. Singh said the leisure properties benefited from improvements in occupancy and room rates. He added that Taj Delhi International Airport and CIGNUS II, Powai, were progressing towards completion, while the expanding ATHIVA pipeline and the company’s balance sheet supported its plans to pursue long-term opportunities in Indian hospitality.

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