Hospitality stock opened their today’s trading session on a higher note as the company recorded a gain of 27% in revenue YoY. The stock has delivered more than a 50 percent return to its investors in YTD.
With a market capitalization of Rs. 11,498 cr, the shares of Chalet Hotels started today’s trading session on a positive note opening higher at Rs. 574 level than the previous close and currently trading at Rs. 547.
Such a positive opening was seen after the company announced its Q2 FY24 results. The company has recorded an increase in revenue from Rs.3,182 cr during Q1 FY24 to 3,146 cr in Q2 FY24 making a gain of 1 percent QoQ. Moreover, the revenue of the company increased 27 percent YOY from Rs. 2,505 cr to Rs. 3,182 cr.
The consolidated net profit has declined by 59 percent QoQ from Rs. 887 cr in Q1FY24 to Rs. 367 cr in Q2FY24. On a contrasting note, the net profit increased by 131 percent from Rs. 157 cr during Q2 FY23 to Rs. 364 cr during Q2 FY24.
Looking at the important financial ratios of the company, the Return on Equity (RoE) has drastically increased from -5.42 percent during FY21-22 to 12.77 percent in FY22-23. Furthermore, the company’s Return on Capital Employed also increased from -0.07 percent to 10.41 percent during the same period.
According to the latest shareholding of the company, Promoters have 71.07 percent of the company’s shares, the public has 3.98 percent holdings, the company has a high holding of DIIs of 21.81 percent, and the remaining 2.51 percent is with FIIs.
Chalet Hotels Limited (CHL), is an owner, developer, asset manager, and operator of high-end hotels and resorts in India. CHL’s portfolio comprises nine operating hotels, including a hotel with a co-located serviced residence, which is situated across the markets of the Mumbai Metropolitan Region, Hyderabad, Bengaluru, Lonavala, and Pune.
Written By Vaibhav Patil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
