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Chalet Hotels reported a consolidated profit after tax of INR 154.81 crore for the quarter ending September 30, marking a strong turnaround from a loss of INR 138.51 crore in the same period last year. The company's revenue from operations rose 95% year-on-year to INR 735.3 crore. Managing Director and CEO Dr. Sanjay Sethi said the results highlight the strength of the company's diverse portfolio and operational discipline despite external challenges. The quarter also saw the debut of Chalet's premium lifestyle brand, ATHIVA Hotels & Resorts.
Chalet Hotels recorded a consolidated profit after tax of INR 154.81 crore for the quarter that ended in late September, showing a significant improvement from a loss of INR 138.51 crore during the same period a year ago. The company stated in a regulatory filing that its revenue from operations rose by 95%, reaching INR 735.3 crore compared to INR 377.05 crore in the corresponding quarter of the previous fiscal year. Advertisement
Managing Director and CEO Dr. Sanjay Sethi said the company achieved steady and strong growth during the quarter, which reflected the resilience of its diversified business portfolio and disciplined operations. He added that even with external challenges such as unpredictable weather and global geopolitical changes, the company's teams worked with consistency and purpose to deliver solid results.
The quarter also marked a significant milestone for Chalet Hotels with the introduction of its new premium lifestyle brand, ATHIVA Hotels & Resorts. This brand focuses on themes of wellness, joy, and sustainability, expanding Chalet's presence in the upscale hospitality space.
Dr. Sethi mentioned that the company's transformation of the iconic The Dukes Retreat into ATHIVA Resort & Spa in Khandala marked the beginning of a broader rollout plan for the ATHIVA brand in the coming years. This step, he said, would help strengthen Chalet Hotels' position as a fully integrated and forward-looking hospitality platform.
Source PTI
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