You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Chalet Hotels registers 126.15% surge in net profit in Q3

Topics
Business Finance

Capital Market 

Chalet Hotels declared its Q3 figures post trading hours yesterday, 10 February 2020.

Consolidated net profit surged 126.15% to Rs 33.38 crore in Q3 December 2019 (Q3 FY20) as against Rs 14.76 crore reported in Q3 December 2018 (Q3 FY19). On a consolidated basis, net sales jumped 12.40% year-on-year (Y-o-Y) to Rs 278.13 crore in Q3 FY20.

Consolidated profit before tax soared 138.99% to Rs 55.59 crore Y-o-Y. Consolidated current tax expenses stood at Rs 10 crore during the period under review.

Earnings before interest, tax, depreciation and amortization (EBITDA) dropped 1.97% to Rs 118.90 crore in Q3 December 2019 as compared to Rs 121.30 crore reported in Q3 December 2018 (includes exchange gain of Rs 24.10 crore). Its revenue per available room (RevPAR) rose 9.9% to Rs 6,863 in Q3 December 2019 as against Rs 6,245 in Q3 December 2018.

Shares of Chalet Hotels fell 0.41% to close at Rs 339.45 on BSE on Monday, 10 February 2020.

Chalet Hotels is an owner, developer and asset manager of high-end hotels, with a comprising portfolio of five operating hotels, which includes hotels with a co-located serviced residence, located in Mumbai, Hyderabad and Bengaluru.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 11 2020. 09:08 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU