Chalet Hotels Limited has informed the Exchange about General Updates
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Chalet Hotels' board approved audited consolidated results for Q4 and FY25, with revenue from operations growing about 21% YoY to Rs. 17,178.25 million and EBITDA rising to Rs. 7,721.89 million. However, reported profit for the year fell to Rs. 1,424.94 million (from Rs. 2,781.81 million) largely due to a one-time deferred tax reversal of Rs. 2,021.72 million caused by the August 2024 capital gains tax law change. The company also signed a binding term sheet to acquire Lakeview Mercantile Company, which owns a land parcel in Bambolim, Goa, for a proposed ~170-room luxury resort. It also acquired an additional 14.31% stake in Vikramaditya Renewable Energy to secure solar power under a group captive model. The board approved seeking shareholder permission to raise up to Rs. 10,000 million via NCDs or other debt instruments, plus up to Rs. 2,500 million via commercial paper.
Strong operational growth in revenue and EBITDA is positive, but the headline profit drop is driven by a one-time tax adjustment and is not a reflection of business performance. Expansion into Goa via the Bambolim acquisition and renewable energy tie-up signals continued growth investment, while the proposed debt raise could lead to modest dilution of equity metrics or higher interest costs depending on usage.