Chalet Hotels (CHALET) Share News & Alerts
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Chalet Hotels gains after Q4 PAT climbs 32% YoY to Rs 163 cr
▲ Bullish +3.0%
The company delivered a strong 32% YoY growth in bottom-line profit (PAT) for Q4, despite a modest 6.9% revenue growth, primarily aided by a 37% jump in its high-margin rental and annuity business. While hotel occupancy softened slightly, the expansion in EBITDA margins to nearly 50% and a significant reduction in tax outgo suggest improved operational efficiency. For a swing trader, this steady earnings trajectory and the board's decision to raise funds for growth provide a positive catalyst for a multi-day upward move.
Chalet Hotels, Lemon Tree to IHCL: Hotel stocks drop up to 3% on PM Modi's appeal
▼ Bearish +4.64%
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