Earnings Call for Q1FY22 of Chalet Hotels
Conference Call with Chalet Hotels Management and Analysts on Q1FY22 Performance and Outlook. Listen to the full earnings transcript.11-08-2021
11-08-2021
Q1FY22 Result Announced for Chalet Hotels Ltd.
ADJUSTED TOTAL INCOME AT RS. 715 MN, UP 21% YoY IN Q1 FY22 REVPAR AT RS. 1,252, UP 35% YoY IN Q1 FY22 OCCUPANCY AT 36% EXPANSION OF 1,200 Bps YoY, IN Q1 FY22 Chalet Hotels Limited, owner of several luxury hotels in key metro cities of India, announces its results for the first quarter ending. Adj Total Income1 grew by 21% to Rs. 715 mn as compared to Q1 FY21 Adj EBITDA1,2 was at Rs. 25 mn as compared to Rs. 3 mn in Q1 FY21 For the Hospitality segment: Adj Revenue Growth for Q1 FY22 was 48% Occupancy for Q1 FY22 was at 36% as against 24% for Q1 FY21 an expansion of 1,200 bps. Post the second wave in the month of June, occupancy jumped to 47% REVPAR at Rs. 1,252 up by 35% Retail & Commercial segment: revenues were at Rs. 233 Mn with EBITDA at Rs. 191 Mn for Q1 FY22 (1) Rebate amounting to Rs. 37 million from the Hotel operator in respect of past disputed liability in Q1 FY22 Received cancellation requests from 6 flat owners for its residential project at Bengaluru interest amounting to Rs. 94 million payable to the said flat owners has been accounted as Real Estate Development Cost in Q1 FY22 Adj for reversal of SEIS income of the previous period of Rs. 123 mn in Q4 FY21 Development Pipeline Update: The commercial project at Renaissance Complex, Powai, Mumbai is on track, scheduled to be completed by Q4 FY23 Given the labour situation and lockdowns in Bengaluru, completion of the commercial project at Marriott Complex, Whitefield, Bengaluru may get delayed by a quarter, from the earlier target of Q4 FY22 We continue to evaluate the demand dynamics to assess the opening of new hotel in Hyderabad, expansion of capacity in Pune and the rebranding of the Powai Hotel. Speaking on the results, Mr. Sanjay Sethi, MD & CEO, Chalet Hotels Limited, said, “While the second wave of COVID-19 did impact business in Q1 of this year, I would like to highlight that the recovery in June and July has been sharper than anticipated, proving the resilience of the travel and hospitality sector. Government initiatives in opening of various states across the country and improving consumer sentiments augur well for a quick revival. At Chalet Hotels we leverage our strength in asset management, with a focus on improving efficiencies and asset allocation for long term sustainable growth.” Result PDF11-08-2021
Chalet Hotels Ltd - 542399 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''Listing Regulations''), we are attaching herewith a copy of the presentation prepared by the Company for the earnings call scheduled with the Investors / Analysts to be held on Wednesday, August 11, 2021 at 11 .00 a.m. (1ST), in relation to the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2021, which have been approved by the Board of Directors of the Company at its meeting held today, i.e. on August 10, 2021, in accordance with the provisions of Regulation 33 of the Listing Regulations. We request you to take the above information on record.10-08-2021
Chalet Hotels Ltd - 542399 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''Listing Regulations''), attached herewith is a copy of the Press Release in relation to the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2021 approved under Regulation 33 of the Listing Regulations by the Board of Directors of the Company at its meeting held today i.e., August 10, 2021. We request you take the above information on record.10-08-2021
Chalet Hotels Ltd - 542399 - Outcome Of The Board Meeting
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''Listing Regulations''), please be informed that the Board of Directors of the Company at its meeting held today i.e., on August 10, 2021 has, inter-alia, considered and approved: - Statement of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2021, in accordance with the provisions of Regulation 33 of the Listing Regulations. - Appointment of Mr. Milind Wadekar, Interim Chief Financial Officer as the Chief Financial Officer of the Company, w.e.f. today i.e. August 10, 2021. A copy of the aforementioned results along with the Limited Review Report of the Statutory Auditors is enclosed herewith. The meeting of the Board of Directors of the Company commenced at 4.15 p.m. and concluded at 6.25 p.m.10-08-2021
Chalet Hotels Ltd - 542399 - Board Meeting Outcome for Outcome Of The Board Meeting
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''Listing Regulations''), please be informed that the Board of Directors of the Company at its meeting held today i.e., on August 10, 2021 has, inter-alia, considered and approved: - Statement of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2021, in accordance with the provisions of Regulation 33 of the Listing Regulations. - Appointment of Mr. Milind Wadekar, Interim Chief Financial Officer as the Chief Financial Officer of the Company, w.e.f. today i.e. August 10, 2021. A copy of the aforementioned results along with the Limited Review Report of the Statutory Auditors is enclosed herewith. The meeting of the Board of Directors of the Company commenced at 4.15 p.m. and concluded at 6.25 p.m.10-08-2021
Chalet Hotels Ltd - 542399 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company is hosting a Conference Call on August 11, 2021 at 11.00 a.m. (IST) to discuss the performance / results for the Quarter ended June 30, 2021, as per the invite attached herewith. The aforesaid information will also be disclosed on the website of the Company www.chalethotels.com. Kindly take the same on record.06-08-2021
Chalet Hotels Ltd - 542399 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to provisions of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith, copies of the newspaper advertisements in respect of Board Meeting, scheduled to be held on Tuesday, August 10, 2021, and published in the following newspapers: 1. Financial Express on July 30, 2021; 2. Free Press Journal on July 30, 2021; and 3. Navshakti on July 30, 2021. We request you to kindly take the same on record.01-08-2021
Chalet Hotels Ltd - 542399 - Board Meeting Intimation for Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30, 2021.
Chalet Hotels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2021 ,inter alia, to consider and approve Notice is hereby given pursuant to Regulation 29 of the SEBI Listing Regulations, that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, August 10, 2021, to consider and approve, inter-alia, the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2021. In terms of Regulation 47 of the Listing Regulations, a notice with respect to the consideration of the Financial Results, is also being published in the newspapers. Further, as intimated earlier, the Trading Window for dealing in the Equity Shares of the Company by all Designated Persons and their immediate relatives has been closed for the purpose of declaration of the aforesaid Financial Results and shall remain closed up to the expiry of 48 hours after the declaration of the said Financial Results. Accordingly, the trading window shall effectively open on and from Aug 13, 2021.30-07-2021
Chalet Hotels Ltd - 542399 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to the provisions of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our letter dated July 21, 2021, attached herewith is the copy of the newspaper advertisement in respect of the 36th Annual General Meeting of the Company, scheduled to be held on Thursday, August 12, 2021 at 4.00 p.m. (IST), published in Navshakti on July 22, 2021. We request you to kindly take the same on record.22-07-2021