Chalet Hotels Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 3,770.54 million compared to INR 3,145.46 million a year ago. Revenue was INR 3,831.84 million compared to INR 3,181.57 million a year ago. Net loss was INR 1,384.91 million compared to net income of INR 364.44 million a year ago. Basic loss per share from continuing operations was INR 6.35 compared to basic earnings per share from continuing operations of INR 1.78 a year ago. Diluted loss per share from continuing operations was INR 6.35 compared to diluted earnings per share from continuing operations of INR 1.78 a year ago.
For the six months, sales was INR 7,380.6 million compared to INR 6,253.2 million a year ago. Revenue was INR 7,522.92 million compared to INR 6,327.44 million a year ago. Net loss was INR 778.22 million compared to net income of INR 1,251.08 million a year ago. Basic loss per share from continuing operations was INR 3.57 compared to basic earnings per share from continuing operations of INR 6.1 a year ago. Diluted loss per share from continuing operations was INR 3.57 compared to diluted earnings per share from continuing operations of INR 6.1 a year ago.
Chalet Hotels Limited is an India-based owner, developer, asset manager and operator of hotels and a hotel led mixed-use developer across India. Its segments include Hospitality (Hotels), Real Estate and Rental / Annuity Business. The Hospitality (Hotels) segment includes hotel operations. The Real Estate segment includes the sale of residential flats. The Companyâs portfolio comprises over 10 fully operational hotels across mainstream and luxury segments, and commercial spaces, representing 1.2 mn square foot. in close proximity to the hospitality assets. Its portfolio includes JW Marriott Mumbai Sahar; the Westin Mumbai Powai Lake, Lakeside Chalet Marriott Executive Apartments; Four Points by Sheraton Navi Mumbai; the Westin Hyderabad Mindspace; the Westin Hyderabad HITEC City; Bengaluru Marriott Hotel Whitefield; Novotel Pune Nagar Road; the Dukes Retreat, and Courtyard by Marriott Aravali Resort.
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