Chalet Hotels Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "CHALET HOTELS LIMITED REPORTS Q2 FY26 RESULTS".
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Chalet Hotels reported Q2 FY26 total revenue of INR 7.4 billion, up 94% YoY, with EBITDA of INR 3.1 billion, up 98% YoY. The strong YoY jump was largely helped by recognition of INR 2,821 million from its Koramangala residential project, where 55 flats were handed over in the quarter. Core hospitality business (excluding residential) grew revenue 20% to INR 4.6 billion and EBITDA 25% to INR 2.0 billion, with margins expanding 1.4 percentage points to 43.4%. Hospitality segment ARR rose 16% to INR 12,170 though occupancy softened to 67% from 74%. The rental and annuity business posted 76% revenue growth and 88% EBITDA growth with margins at 82.3%. Profit after tax swung to INR 1,548 million from a loss last year, and EPS came in at INR 7.08.
Strong headline numbers are encouraging, but the QoQ decline (revenue -18%, EBITDA -17%) shows the residential windfall is normalising. The maiden interim dividend of INR 1 per share, launch of the ATHIVA premium brand, and steady pipeline (Taj Delhi Airport, Goa resort, Powai tower) support a positive long-term outlook. Watch the upcoming CEO transition from Sanjay Sethi to Shwetank for any change in strategy.