Chalet Hotels Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
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On the reaction day the stock moved 0.2 pts more than Nifty Smallcap 250 and 0.1 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Chalet Hotels' board approved audited consolidated results for Q4 and FY25 with an unmodified auditor opinion from BSR & Co. LLP. FY25 revenue from operations grew ~21% year-on-year to Rs. 17,178 million, while EBITDA rose ~28% to Rs. 7,722 million with operating margin expanding from 32% to 34%. However, full-year profit fell to Rs. 1,425 million from Rs. 2,782 million, mainly due to a one-time Rs. 2,022 million deferred tax charge caused by the removal of indexation on capital gains under the Finance (No. 2) Act 2024. Q4 standalone profit was strong at Rs. 1,238 million, up ~50% year-on-year, and the debt-to-equity ratio improved sharply from 1.59 to 0.84. The board also approved acquiring Lakeview Mercantile (a Goa land parcel for a ~170-room luxury resort), acquiring an additional 14.31% in Vikramaditya Renewable Energy, and raising up to Rs. 10,000 million via NCDs/Commercial Paper and a further Rs. 2,500 million via Commercial Paper.
Underlying operating performance was robust with strong revenue and EBITDA growth, but reported full-year earnings look weak mainly because of a non-cash, one-time tax event. The Goa acquisition and large fund-raising plans signal continued expansion, while lower leverage and strong Q4 cash flows are positives for shareholders.