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Chalet Hotels registers 126.15% surge in net profit in Q3

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.

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

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