Chalet Hotels Ltd.
CHALETConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
22 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 22 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20210526 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210820 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211103 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220204 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220517 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220803 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221031 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230131 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230515 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230804 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231031 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240201 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240517 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240801 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241030 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250204 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250519 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250807 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251112 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260209 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260522 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260805 | 2026-06-30 | yes |
CHALET
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 894.90 |
| 52-week range | 702.3 – 1011.9 |
| Return 1M | 0.1% |
| Return 3M | 9.27% |
| Return 1Y | -11.56% |
| Return 3Y | 63.77% |
| Return 5Y | 313.25% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 512.00 |
| Other income | 9.00 |
| Total income | 521.00 |
| Cost of materials consumed | 32.00 |
| Purchases of stock-in-trade | 9.00 |
| Changes in inventories | -24.00 |
| Employee benefit expense | 74.00 |
| Finance costs | 39.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.67 | 0.00 |
| institutions foreign | 0.04 | -0.00 |
| institutions domestic | 0.25 | 0.00 |
| mutual funds | 0.24 | 0.01 |
| public | 0.33 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 22 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 248.00 | 290.00 | 338.00 | 311.00 | 315.00 | 374.00 | 418.00 | 361.00 | 377.00 | 458.00 | 522.00 | 895.00 | 735.00 | 582.00 | 558.00 | 512.00 |
| Other income | 3.00 | 32.00 | 8.00 | 4.00 | 4.00 | 6.00 | 6.00 | 8.00 | 6.00 | 7.00 | 15.00 | 14.00 | 9.00 | 8.00 | 13.00 | 9.00 |
| Total income | 250.00 | 322.00 | 346.00 | 315.00 | 318.00 | 380.00 | 424.00 | 369.00 | 383.00 | 464.00 | 537.00 | 908.00 | 744.00 | 589.00 | 571.00 | 521.00 |
| Cost of materials consumed | 23.00 | 26.00 | 10.00 | 25.00 | 24.00 | 28.00 | 29.00 | 27.00 | 27.00 | 31.00 | 32.00 | 30.00 | 30.00 | 37.00 | 32.00 | 32.00 |
| Purchases of stock-in-trade | 9.00 | 12.00 | 26.00 | 11.00 | 8.00 | 10.00 | 10.00 | 9.00 | 10.00 | 11.00 | 13.00 | 10.00 | 10.00 | 13.00 | 10.00 | 9.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 182.00 | 138.00 | -6.00 | 49.00 | -24.00 |
| Employee benefit expense | 37.00 | 39.00 | 41.00 | 47.00 | 47.00 | 49.00 | 52.00 | 55.00 | 54.00 | 58.00 | 68.00 | 69.00 | 70.00 | 73.00 | 76.00 | 74.00 |
| Finance costs | 38.00 | 37.00 | 41.00 | 45.00 | 50.00 | 48.00 | 53.00 | 32.00 | 34.00 | 45.00 | 48.00 | 49.00 | 45.00 | 46.00 | 41.00 | 39.00 |
| Depreciation and amortisation | 30.00 | 28.00 | 30.00 | 31.00 | 35.00 | 35.00 | 37.00 | 39.00 | 42.00 | 48.00 | 50.00 | 54.00 | 57.00 | 58.00 | 60.00 | 61.00 |
| Other expenses | 93.00 | 99.00 | 108.00 | 118.00 | 109.00 | 121.00 | 145.00 | 130.00 | 136.00 | 154.00 | 168.00 | 245.00 | 188.00 | 200.00 | 126.00 | 188.00 |
| Total expenses | 230.00 | 241.00 | 256.00 | 277.00 | 274.00 | 291.00 | 325.00 | 291.00 | 304.00 | 346.00 | 379.00 | 640.00 | 539.00 | 421.00 | 393.00 | 379.00 |
| Profit before exceptional items and tax | 20.00 | 81.00 | 90.00 | 37.00 | 44.00 | 89.00 | 99.00 | 78.00 | 79.00 | 118.00 | 159.00 | 269.00 | 205.00 | 168.00 | 178.00 | 142.00 |
| Exceptional items | 1.00 | 60.00 | -18.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 | 0.00 | -10.00 |
| Profit before tax | 21.00 | 141.00 | 71.00 | 37.00 | 44.00 | 89.00 | 99.00 | 78.00 | 79.00 | 118.00 | 159.00 | 269.00 | 205.00 | 167.00 | 178.00 | 133.00 |
| Current tax | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | -0.00 | 0.00 | 0.00 | -0.00 | 4.00 | 19.00 | 15.00 | 11.00 | 2.00 | 43.00 |
| Deferred tax | 6.00 | 39.00 | 32.00 | -52.00 | 7.00 | 18.00 | 17.00 | 17.00 | 218.00 | 22.00 | 31.00 | 47.00 | 35.00 | 32.00 | 13.00 | 4.00 |
| Tax expense | 6.00 | 39.00 | 32.00 | -51.00 | 8.00 | 18.00 | 17.00 | 17.00 | 218.00 | 22.00 | 35.00 | 65.00 | 50.00 | 43.00 | 15.00 | 46.00 |
| Profit for the period | 16.00 | 102.00 | 39.00 | 89.00 | 36.00 | 71.00 | 82.00 | 61.00 | -139.00 | 97.00 | 124.00 | 203.00 | 155.00 | 124.00 | 163.00 | 86.00 |
| Profit attributable to owners | 16.00 | 102.00 | 39.00 | 89.00 | 0.00 | 0.00 | 82.00 | 61.00 | -138.00 | 97.00 | 124.00 | 203.00 | 0.00 | 124.00 | 163.00 | 86.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 |
| Other comprehensive income | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 |
| Total comprehensive income | 16.00 | 102.00 | 39.00 | 89.00 | 36.00 | 71.00 | 82.00 | 60.00 | -139.00 | 96.00 | 124.00 | 203.00 | 155.00 | 124.00 | 163.00 | 86.00 |
| Earnings per share, basic | 0.77 | 4.99 | 1.91 | 4.32 | 1.78 | 3.44 | 4.01 | 2.79 | -6.35 | 4.42 | 5.68 | 9.30 | 7.08 | 5.67 | 7.45 | 3.93 |
| Earnings per share, diluted | 0.77 | 4.99 | 1.91 | 4.32 | 1.78 | 3.44 | 4.01 | 2.78 | -6.35 | 4.42 | 5.67 | 9.28 | 7.07 | 5.66 | 7.44 | 3.93 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 987.00 | 981.00 | 294.00 | 508.00 | 1,128.00 | 1,417.00 | 1,718.00 | 2,770.00 |
| Other income | 48.00 | 28.00 | 22.00 | 22.00 | 49.00 | 20.00 | 36.00 | 43.00 |
| Total income | 1,035.00 | 1,009.00 | 317.00 | 530.00 | 1,178.00 | 1,437.00 | 1,754.00 | 2,812.00 |
| Cost of materials consumed | 87.00 | 83.00 | 24.00 | 54.00 | 39.00 | 106.00 | 117.00 | 130.00 |
| Purchases of stock-in-trade | 26.00 | 31.00 | 12.00 | 24.00 | 100.00 | 40.00 | 43.00 | 44.00 |
| Changes in inventories | 24.00 | 2.00 | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 363.00 |
| Employee benefit expense | 145.00 | 152.00 | 91.00 | 100.00 | 151.00 | 195.00 | 234.00 | 288.00 |
| Finance costs | 266.00 | 146.00 | 152.00 | 144.00 | 154.00 | 197.00 | 159.00 | 180.00 |
| Depreciation and amortisation | 115.00 | 113.00 | 117.00 | 118.00 | 117.00 | 138.00 | 179.00 | 230.00 |
| Other expenses | 386.00 | 376.00 | 160.00 | 232.00 | 385.00 | 493.00 | 588.00 | 758.00 |
| Total expenses | 1,049.00 | 904.00 | 557.00 | 672.00 | 947.00 | 1,168.00 | 1,320.00 | 1,993.00 |
| Profit before exceptional items and tax | -14.00 | 105.00 | -240.00 | -142.00 | 231.00 | 269.00 | 434.00 | 820.00 |
| Exceptional items | -4.00 | -4.00 | -4.00 | -4.00 | 42.00 | 0.00 | 0.00 | -1.00 |
| Profit before tax | -18.00 | 101.00 | -244.00 | -147.00 | 273.00 | 269.00 | 434.00 | 819.00 |
| Current tax | 1.00 | 20.00 | -6.00 | -4.00 | 0.00 | 1.00 | 4.00 | 47.00 |
| Deferred tax | -12.00 | -18.00 | -103.00 | -68.00 | 87.00 | -10.00 | 288.00 | 127.00 |
| Tax expense | -11.00 | 1.00 | -109.00 | -72.00 | 87.00 | -9.00 | 292.00 | 174.00 |
| Profit for the period | -8.00 | 100.00 | -139.00 | -81.00 | 186.00 | 278.00 | 142.00 | 645.00 |
| Profit attributable to owners | — | — | -139.00 | -82.00 | 186.00 | 278.00 | 143.00 | 645.00 |
| Profit attributable to non-controlling interests | — | — | -0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 |
| Other comprehensive income | -1.00 | -1.00 | 0.00 | 0.00 | -0.00 | -1.00 | -0.00 | 0.00 |
| Total comprehensive income | -8.00 | 98.00 | -139.00 | -81.00 | 185.00 | 277.00 | 142.00 | 645.00 |
| Earnings per share, basic | -0.43 | 5.01 | -6.78 | -3.98 | 9.07 | 13.54 | 6.53 | 29.50 |
| Earnings per share, diluted | -0.43 | 5.01 | -6.78 | -3.98 | 9.06 | 13.53 | 6.52 | 29.46 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 4,583.00 | 4,953.00 | 5,204.00 | 5,750.00 | 6,039.00 | 7,063.00 | 6,974.00 | 7,309.00 |
| Non-current assets | 3,982.00 | 4,248.00 | 4,440.00 | 4,867.00 | 5,131.00 | 5,898.00 | 6,125.00 | 6,406.00 |
| Current assets | 601.00 | 704.00 | 764.00 | 882.00 | 908.00 | 1,165.00 | 848.00 | 903.00 |
| Property, plant and equipment | 1,993.00 | 2,149.00 | 2,232.00 | 2,488.00 | 2,640.00 | 3,126.00 | 3,308.00 | 3,344.00 |
| Capital work-in-progress | 53.00 | 98.00 | 33.00 | 37.00 | 69.00 | 183.00 | 122.00 | 132.00 |
| Goodwill | 23.00 | 54.00 | 54.00 | 69.00 | 69.00 | 82.00 | 82.00 | 82.00 |
| Other intangible assets | 6.00 | 3.00 | 4.00 | 5.00 | 4.00 | 4.00 | 3.00 | 3.00 |
| Inventories | 388.00 | 413.00 | 451.00 | 542.00 | 580.00 | 633.00 | 310.00 | 269.00 |
| Trade receivables | 62.00 | 59.00 | 78.00 | 55.00 | 70.00 | 78.00 | 83.00 | 69.00 |
| Cash and cash equivalents | 13.00 | 44.00 | 31.00 | 82.00 | 59.00 | 109.00 | 72.00 | 164.00 |
| Total equity and liabilities | 4,583.00 | 4,953.00 | 5,204.00 | 5,750.00 | 6,039.00 | 7,063.00 | 6,974.00 | 7,309.00 |
| Equity | 1,389.00 | 1,544.00 | 1,690.00 | 1,851.00 | 2,814.00 | 3,046.00 | 3,415.00 | 3,697.00 |
| Equity share capital | 205.00 | 205.00 | 205.00 | 205.00 | 218.00 | 218.00 | 219.00 | 219.00 |
| Other equity | 1,185.00 | 1,339.00 | 1,485.00 | 1,646.00 | 2,596.00 | 2,828.00 | 3,196.00 | 3,479.00 |
| Total liabilities | 3,193.00 | 3,409.00 | 3,514.00 | 3,899.00 | 3,225.00 | 4,018.00 | 3,559.00 | 3,611.00 |
| Non-current liabilities | 2,363.00 | 2,312.00 | 2,387.00 | 1,986.00 | 1,438.00 | 1,814.00 | 2,195.00 | 2,325.00 |
| Current liabilities | 830.00 | 1,097.00 | 1,127.00 | 1,913.00 | 1,787.00 | 2,204.00 | 1,364.00 | 1,287.00 |
| Borrowings, non-current | 2,260.00 | 2,208.00 | 2,286.00 | 1,855.00 | 1,282.00 | 1,553.00 | 1,837.00 | 1,884.00 |
| Borrowings, current | 322.00 | 586.00 | 634.00 | 1,096.00 | 740.00 | 1,001.00 | 605.00 | 440.00 |
| Trade payables | 104.00 | 150.00 | 129.00 | 207.00 | 167.00 | 171.00 | 160.00 | 165.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 203.00 | 477.00 | 96.00 | 689.00 | 385.00 | 950.00 | 428.00 | 1,067.00 |
| Net cash from investing activities | -183.00 | -592.00 | -152.00 | -635.00 | -393.00 | -1,385.00 | -242.00 | -575.00 |
| Net cash from financing activities | -65.00 | 126.00 | -22.00 | -108.00 | 17.00 | 496.00 | -271.00 | -466.00 |
| Purchase of property, plant and equipment | 36.00 | 175.00 | 81.00 | 436.00 | 253.00 | 969.00 | 222.00 | 338.00 |
| Net increase in cash | -45.00 | 11.00 | -78.00 | -53.00 | 9.00 | 61.00 | -85.00 | 25.00 |
| con:CFO.BEFORE_TAX | 195.00 | 474.00 | 123.00 | 745.00 | 446.00 | 1,037.00 | 489.00 | 1,210.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | -7.00 | -3.00 | 27.00 | 55.00 | 61.00 | 87.00 | 61.00 | 143.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 3.00 | 8.00 | 9.00 | 4.00 | 5.00 | 0.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-04-03 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 71.65 | 71.70 | 71.70 | 71.67 | 67.52 | 67.52 | 67.48 | 67.42 | 67.41 | 67.40 | 0.67 | 0.67 | 0.67 | 0.67 |
| Domestic institutions | 21.50 | 21.82 | 20.71 | 19.60 | 21.42 | 21.47 | 21.46 | 21.20 | 23.94 | 23.92 | 0.23 | 0.24 | 0.25 | 0.25 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 21.26 | 0.22 | 0.22 | 0.23 | 0.24 |
| Insurance companies | 0.00 | 1.95 | 1.99 | 1.58 | 1.89 | 1.96 | 1.90 | 2.09 | 2.45 | 2.26 | 0.02 | 0.02 | 0.02 | 0.01 |
| Foreign institutions | 2.97 | 2.51 | 3.09 | 4.24 | 6.84 | 6.81 | 7.04 | 7.52 | 5.24 | 5.29 | 0.06 | 0.05 | 0.05 | 0.04 |
| Public | 28.35 | 28.30 | 28.30 | 28.33 | 32.48 | 32.48 | 32.52 | 32.58 | 32.59 | 32.60 | 0.33 | 0.33 | 0.33 | 0.33 |
| Non-institutional | 3.87 | 3.98 | 4.50 | 4.48 | 4.22 | 4.20 | 4.02 | 3.85 | 3.42 | 3.39 | 0.04 | 0.04 | 0.03 | 0.03 |
| Shares outstanding | 205024864 | 205394704 | 205394704 | 205474008 | 218100271 | 218100271 | 218245933 | 218427773 | 218455415 | 218490415 | 218685415 | 218753432 | 218994127 | 218994127 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Ayushi and Poonam Estates LLP | Partner in LLP | Any other transaction, Investment, Loan | 399,710,000.00 | 13 |
| Neel C.Raheja | Promoter and Non-Executive Directo | Any other transaction | 350,430,000.00 | 4 |
| Ravi C.Raheja | Promoter and Non-Executive Directo | Any other transaction | 350,280,000.00 | 4 |
| The Dukes Retreat Private Limited | Subsidiary Company | Any other transaction, Inter-corporate deposit, Inve | 337,020,000.00 | 13 |
| Chalet Airport Hotel Private Limited | Subsidiary Company | Any other transaction, Inter-corporate deposit, Inve | 328,230,000.00 | 7 |
| Chandru Lachmandas Raheja jointly with Jyoti Chandru Rahej | Promoter Group | Any other transaction | 160,000,000.00 | 1 |
| K. Raheja Corp Real Estate Private Limited | Promoter Group and Entity in which | Any other transaction, Purchase of fixed assets, Sal | 108,390,000.00 | 5 |
| Newfound Properties and Leasing Private Limited | Promoter Group and Entity in which | Any other transaction, Purchase of goods or services | 79,270,000.00 | 5 |
| Sanjay Sethi | Managing Director and Chief Execut | Any other transaction, Remuneration | 56,200,000.00 | 2 |
| Sundew Properties Limited | Not a Related Party - Member of K. | Any other transaction, Sale of goods or services | 46,850,000.00 | 4 |
| Rajneesh Malhotra | Chief Operating Officer | Any other transaction, Remuneration | 36,830,000.00 | 3 |
| Shwetank Singh | Chief Growth and Strategy Officer | Remuneration | 36,790,000.00 | 1 |
| Milind Wadekar | Chief Financial Officer | Any other transaction, Remuneration | 25,100,000.00 | 3 |
| Genext Hardware & Parks Private Limited | Promoter and entity in which a Dir | Any other transaction, Sale of goods or services | 19,720,000.00 | 3 |
| K. Raheja Corporate Services Private Limited | Promoter Group and Entity in which | Any other transaction | 19,270,000.00 | 2 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-05 | Q1FY27 | CHIEF EXECUTIVE OFFICER | Read the call |
| 2026-05-22 | Q4FY26 | CHIEF EXECUTIVE OFFICER | Read the call |
| 2026-02-09 | Q3FY26 | AND CEO, OFFICER | Read the call |
| 2025-11-12 | Q2FY26 | Read the call | |
| 2025-08-07 | Q1FY26 | Read the call | |
| 2025-05-19 | Q4FY25 | Read the call | |
| 2025-02-04 | Q3FY25 | Read the call | |
| 2024-10-30 | Q2FY25 | MR. NITIN KHANNA– CFO | Read the call |
| 2024-08-01 | Q1FY25 | MR. NITIN KHANNA– CFO | Read the call |
| 2024-05-17 | Q4FY24 | Read the call | |
| 2024-02-01 | Q3FY24 | Read the call | |
| 2023-10-31 | Q2FY24 | CHIEF EXECUTIVE OFFICER, OFFICER | Read the call |
| 2023-08-04 | Q1FY24 | CHIEF EXECUTIVE OFFICER | Read the call |
| 2023-05-15 | Q4FY23 | CHIEF EXECUTIVE OFFICER | Read the call |
| 2023-01-31 | Q3FY23 | Read the call | |
| 2022-10-31 | Q2FY23 | Read the call | |
| 2022-08-03 | Q1FY23 | H O T ELS | Read the call |
| 2022-05-17 | Q4FY22 | Read the call | |
| 2022-02-04 | Q3FY22 | Read the call | |
| 2021-11-03 | Q2FY22 | Read the call | |
| 2021-08-20 | Q1FY22 | HOTELS, RELATIONS | Read the call |
| 2021-05-26 | Q4FY21 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY25 | Q3FY26 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | During the year to date, the company spent about INR4.8 billion on capex and land acquisitions. | We have planned capex of around INR25 billion over FY '27 to FY '29, covering our Hospitality and Commercial Real Estate business. | So as and when we require these funds we will raise this money and it will be funded by promoters and other fundraise of Rs.600 Crores will be in the … | Net debt of the company from April 2021 to March 2022, has increased by 3.63 billion, which includes 3.49 billion of capex spends. | The company spent INR6 billion, which includes capital expenditure of INR4.4 billion and acquisition cost of Dukes Retreat of INR1.6 billion. | The property has 6 acres of undeveloped land, which will allow for capacity addition in the future. | So can you share what will be the overall capex per key including land and what is the comparable ARR of similar properties nearby and any indicative … | Thus, we are not able to share the project timelines, capex and brand-related information at this stage. |
| Capital allocation | — | Our leisure segment strategy has been defined over the last few quarters where we've continued to grow our positioning as well as acquisition strategi… | — | — | Pune Novotel was in a Tier 2 city and the recent acquisition, The Dukes Retreat is indeed in a secondary or tertiary market. | As discussed by Sanjay, this year has been marked by great addition to our portfolio by way of completion of greenfield developments in hospitality an… | And more importantly, what would be the strategy in terms of growth going forward because you're already at 20% mix of leisure assets in your portfoli… | Udaipur - We completed the acquisition of Udaipur Resort, marking our entry into this fast- growing and deep leisure market of Udaipur. |
| Costs | There are variable costs that are connected with these revenues that come, right from commissions to management fees, to raw material costs, to operat… | — | — | Sure, this amount which you have mentioned in the presentation 425 Crores for Koramangala project, have you also consider the cost inflation which has… | I think we must highlight here that our -- in the last quarter, our variable cost as a percentage to revenue was 3% lower than Q3. So if anything, I t… | — | — | — |
| Debt and cash | The net debt as on December 31 was at INR15.8 billion. | Chalet Hotels Limited February 03, 2026 Our net debt stood at INR20 billion with the average cost of finance reducing further by 14 bps quarter-on-qua… | — | The operating cash flows were supported by a steady rental and annuity business and prudent cost management. | Net debt of the company increased by INR2 billion in the last financial year to INR24 billion as at 31st March '23. | The net debt as on March '24 was at INR25 billion, marginally up from previous year. | — | Despite the significant investment phase, net debt has reduced from INR25 billion as of March '24 to approximately INR19 billion as of March '26. |
| Demand | The Indian hospitality sector continues to show resilience supported by steady economic growth, stable rate of inflation and increasing demand for tra… | An increasing trend of concerts, festivals, sports events, spiritual gatherings and cultural tourism are further creating new travel occasions beyond … | Just to give you a flavor what was happening was over January and February the pace of bookings and I did sort of allude to it in my opening conversat… | Mumbai of course the leasing activities start in about couple of quarters from now, at that point of time if we need to create a team we will do that,… | And we're very excited about the demand pickup and back to recovery in Bangalore. | Furthermore, air traffic in the country has reached unprecedented highs, indicating a growing demand for travel. | Given that the demand and supply gap continues to be favorable for investments in Hospitality going forward, we have a visibility of next 3 to 4 years… | This performance underscores the inherent strength of the domestic hospitality sector, supported by rising disposable incomes, evolving consumer prefe… |
| Guidance | The 9-month EBITDA for the company is INR5.2 billion, and we expect Q4 performance to materially augment this number. | We expect this impact to Chalet Hotels Limited February 03, 2026 neutralize in FY '27 as most of the noisy work will be completed. | I have two questions; the first one is clearly the second wave has dented the expectation of recovery in FY2022 but internally how we are seeing when … | In terms of revenue I think we have shared indicative numbers in the past on rentals for these two locations, we expect that we will actually end up h… | So you spoke -- Sanjay, you spoke about the hospitality outlook for FY24 and beyond. | And we expect maybe by this quarter end, we'll be able to complete and hand over possession to the flat owners, but there are some challenges from lab… | Chalet Hotels Limited May 13, 2025 In terms of where the future growth is going to come, whether it is going to be greenfield or ready assets, I think… | We expect to launch this project by end of FY '28 - '29. |
| Margin | Consolidated EBITDA rose 23% year-on-year to INR2.1 billion. | For this quarter, consolidated revenue grew 27% year-on- year to INR5,892 million with 29% growth in EBITDA to INR2,726 million with 76 basis point in… | We had about 930 Crores of revenue and 376 Crores of EBITDA in the hotel segment. | Adjusted for these EBITDA was at 331 million as against like-to-like performance in Q3 FY2022 of 419 million. | As Sanjay mentioned, the company thrived in post pandemic world and crossed INR5 billion EBITDA milestone in the financial year FY23. The EBITDA and E… | The fourth quarter marked yet another best ever performance, achieving record high ADRs, revenue, EBITDA and PAT. | Given the positive view on the upcycle in the near to midterm and given the kind of leverage you have on the balance sheet, which is up INR2,000 crore… | The year '25-'26 has been a milestone year for us as our consolidated revenue crossed the INR25 billion mark and the EBITDA crossed the INR10 billion … |
| People | — | — | — | Sure and then finally is it possible to get the attrition number if you have, that would be all, thanks a lot? | — | Karan Khanna Thirdly, in the previous earnings call, Sanjay, when asked by one of the participants on the potential fund raise, you said the idea is t… | — | — |
| Pricing | So with -- the opening of Aurika has clearly had a negligible impact on pricing of Sahar. | Second is, on this Udaipur property, obviously, it seems like very interesting pricing that you could potentially get this property at. | — | We have considered inflation, and we think it may cool down next year or so, but we have considered impact of commodity price increase. | As we already in the middle of May, are we seeing any difference now in terms of the occupancies or the pricing in different markets, whether Mumbai h… | So my first question is, this quarter, followed up by the last quarter, we have seen a decline in pricing on a Y-on-Y basis. | — | So, there is no reason for us not to expect that kind of pricing from a hotel which will be brand new and probably much superior to the comp set there… |
| Revenue growth | As we move to a new stepped-up phase of growth at Chalet Hotels, it is critical to augment our talent capital. | That should lead to meaningfully strong revenue growth. | So the fixed cost will continue to be fixed and therefore we will continue to benefit from that in the mid to long term and to answer your question sp… | — | And my final question is on the F&B revenue, which came around mid-single digits, while the overall RevPAR growth was 25% above on sequential basis. | The company has reported an EPS growth of 1.5x to INR13.54 per share. | And on the revenue growth number because that you have already disclosed in the presentation. | As per industry reports, Mumbai saw ADR growth of only 0% to 2% and an occupancy decline of 0 to 2 percentage points during January to March '26 compa… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2021-08-20 | Q1FY22 | HOTELS | Coming to your second question employee to room ratio on a steady count we believe that when we hit back that 75% occupancies that Chalet was at in the pre-COVID period we should be back to at a highest of 0.9 employees to a room. |
| 2022-08-03 | Q1FY23 | H O T ELS | So, wherever there is expansion to existing capacity in that location, we expect at least 100 to 200 BPS improvement in that particular hotel or location. |