Chalet Hotels Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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Chalet Hotels reported a strong Q2 FY26, with consolidated total income rising to Rs 7,438 million from Rs 3,832 million a year ago, nearly doubling year-on-year, and H1 FY26 income reaching Rs 16,522 million versus Rs 7,523 million in H1 FY25. The growth was driven mainly by the new Real Estate segment (Bengaluru residential 'Project L') which contributed Rs 2,821 million in the quarter, while Hospitality and Rental/Annuity businesses also performed steadily. Consolidated EBITDA for Q2 came in at Rs 3,077 million (margin ~41%) and profit after tax turned sharply positive at Rs 1,548 million, against a loss of Rs 1,385 million in Q2 FY25, helped by lower deferred tax impact this year. The Board declared an interim dividend of Re. 1 per share (10% on face value), with a record date of November 11, 2025. Statutory auditor B S R & Co. LLP issued an unmodified opinion but flagged an Emphasis of Matter on the long-pending Vashi (CIDCO/K Raheja Corp) land litigation tied to its Four Points by Sheraton hotel, where the Supreme Court has now admitted the matter as a Civil Appeal.
Sharp swing to profitability, big revenue jump from a new real estate vertical, and a 10% interim dividend are positive for shareholders. However, the Vashi hotel land dispute remains an unresolved overhang on the books, and the higher current liabilities versus current assets (current ratio 0.62) is a watchpoint.