Chalet Hotels Q3 FY26: Tohfa hi tohfa, Luxury mein entry!
Chalet Hotels Limited ne December 2025 ko khatam hui Q3 FY26 mein apne financials reveal kiye hain, aur numbers dekh kar lagta hai ki company full speed mein chal rahi hai. Hospitality aur Real Estate dono segments mein acchi growth dikhi hai.
📉 Toh Number Khel Kaisa Raha?
Chalo details mein ghuste hain. Q3 FY26 mein, Chalet Hotels ka consolidated revenue pichhle saal ki isi quarter se 27% zyada, matlab ₹5,892 million par pahunch gaya. EBITDA bhi 29% badh kar ₹2,726 million ho gaya. Isse company ka consolidated EBITDA margin 76 basis points sudhar kar 46.3% ho gaya. Agar residential income ko hata bhi dein, toh bhi revenue 23% bada hai aur EBITDA 24% badha hai, jahan margin 46.9% raha.
🏨 Segments Ka Kamaal Aur Balance Sheet
Is growth ke peeche Hospitality segment ka 23% revenue growth aur Commercial Real Estate (CRE) segment ka 29% revenue growth hai. CRE toh 83.5% ke zabardast EBITDA margin ke saath chamka. Company par net debt ₹20 billion hai, lekin liquidity bhi ₹3.8 billion hai. Capital Work in Progress (CWIP) ₹7.2 billion dikha raha hai, matlab naye projects par kaam chal raha hai. Hotel EBITDA se future growth ko fuel karne ki ummeed hai. Finance ka average cost bhi 14 basis points kam hokar 7.48% ho gaya hai, aur company ne ₹1 billion bhi raise kiye hain.
🚀 Management Ka Mood Aur Future Plan
Management kaafi optimistic hai. Unke hisab se badhti incomes, young log jo experiences chahte hain, infrastructure development, aur international travel ka recovery – yeh sab mil kar Average Daily Rates (ADR) aur Revenue Per Available Room (RevPAR) mein double-digit growth laayenge. Chalet Hotels ab upper upscale aur luxury segment mein apni presence badhane par focus kar rahi hai, aur leisure portfolio ko 20% tak le jaane ka target hai. FY'27-FY'29 ke liye around ₹25 billion ka capital expenditure plan hai, jiska paisa internal accruals se aayega.
🚧 Project Update: Kya Chal Raha Hai?
- Athiva, Khandala: Q3 FY26 mein launch hua aur pehle 45 din mein hi 5 baar sold-out ho gaya, matlab traction kamaal ki hai.
- Vashi Hotel: Q4 FY26 mein Athiva ke naam se rebrand hoga.
- CIGNUS II Powai: FY'27 mein launch hone wala hai, time par hai.
- Taj Project, Delhi Airport: Iska timeline thoda revise hua hai. Pollution ki wajah se delays aaye hain, partial launch Q4 FY'27 mein expect hai.
- Hyatt Regency Airoli: Environmental clearances mil gayi hain. Construction 2-3 mahine mein start hogi aur operational hone mein lagbhag 36 mahine lagenge.
- Goa Project: Yeh local authorities ki CRZ committee banne par depend karta hai. Umeed hai lagbhag teen saal mein operational ho jayega.
- CRE Bangalore: March '27 tak ₹270 million monthly revenue exit run rate ka target hai, jo FY'27 mein badh kar ₹280-300 million ho sakta hai.
🚩 Risks Aur Aage Kya?
Sabse bada risk project execution mein delays hai, jaisa ki Delhi Airport aur Goa projects mein dikh raha hai. Environmental clearances aur construction timelines bhi watch karne honge. Udaipur Resort ke refurbishment ki bhi need ho sakti hai. Lekin overall, Chalet Hotels ko industry ke trends se fayda hone ki ummeed hai. Investors ko naye projects ke stabilise hone aur RevPAR mein sustained growth par nazar rakhni chahiye.