Chalet Hotels Reports Quarterly Results; Confirms Auditor Appointment and Strong Debt Security
Chalet Hotels Limited has released its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, following the approval of the Board of Directors. The company also announced a key strategic appointment regarding its statutory audit firm.The Board meeting held on July 29, 2026, confirmed the interim performance metrics across all operating segments while appointing M/s Deloitte Haskins & Sells Chartered Accountants LLP as Statutory Auditors for a term of five consecutive financial years, commencing from the conclusion of the Annual General Meeting (AGM) for FY 2026-27 until the AGM for FY 2031-32.
Consolidated Financial Performance Highlights
Chalet Hotels demonstrated robust revenue generation in the Hospitality segment during the quarter. The consolidated results reflect the performance across various business units, including hospitality, real estate, and rental/annuity businesses.The financial outcomes for the quarter ended June 30, 2026, are summarized below:
| Financial Metric | Quarter Ended 30 June 2026 (in million) | Year Ended 31 March 2026 (in million) |
|---|---|---|
| Revenue from Operations | 5,122.73 | 27,697.53 |
| Total Income | 5,213.14 | 28,124.25 |
| Total Expenses | 2,782.56 | 15,823.49 |
| Earnings Before Interest, Depreciation, Amortisation and Tax (EBITDA) | 2,430.58 | 12,300.76 |
| Profit for the Period (attributable to owners of the company) | 861.25 | 6,450.17 |
| Net Profit Margin (%) | 17% | 23% |
Segmental Breakdown and Standalone Results
The company’s operations are divided into four segments: Hospitality (Hotels), Real Estate, Rental/Annuity Business, and Unallocated.Segmental performance data for the quarter ending June 30, 2026, is available below:
| Segment | Revenue (million) | Profit Before Tax (million) | Total Assets (million) |
|---|---|---|---|
| Hospitality (Hotels) | 4,185.32 | 1,224.90 | 41,183.53 |
| Real Estate | 72.93 | 30.20 | 3,159.83 |
| Rental/ Annuity Business | 864.81 | 579.40 | 26,414.94 |
| Unallocated | 90.08 | - | 5,140.79 |
Reviewing the standalone financial results for the quarter ended June 30, 2026, the company reported strong profitability and stable operational metrics:
| Financial Metric | Quarter Ended 30 June 2026 (in million) | Year Ended 31 March 2026 (in million) |
|---|---|---|
| Revenue from Operations | 4,482.13 | 25,701.91 |
| Total Income | 4,661.00 | 26,393.74 |
| Profit for the Period (attributable to owners) | 867.72 | 6,655.60 |
| Net Profit Margin (%) | 25% | N/A |
Governance and Financial Health Checks
Statutory Auditor Appointment:M/s Deloitte Haskins & Sells Chartered Accountants LLP has been appointed as the Statutory Auditor for a term of five consecutive financial years, subject to shareholder approval. The previous firm, M/s B S R & Co. LLP (ICAI Firm Registration No. 101248W/ W-100022), is completing two terms of five consecutive years at the conclusion of the AGM for FY 2026-27.
Debt Security:
Regarding the listed Non-Convertible Debentures (NCDs) aggregating to 750 million as at June 30, 2026, security coverage has been certified by an independent auditor. The certification confirms that the Security Coverage Ratio, calculated based on book value, is greater than 1.75 times of the Principal and Interest amount of the NCDs. These debentures are secured by a first-ranking pari-passu charge over movable and immovable properties belonging to the Holding Company, including JW Sahar Marriott & Sahar Retail cum Commercial area.
The company also reported that it has issued 3,000 units of Commercial Papers with a face value of 500,000 each, aggregating to a maturity amount on July 31, 2026.
CHALET Stock Price Movement
Shares of Chalet Hotels Limited today slipped by 0.74%, settling at ₹836.70 after shedding ₹6.25 on the close. The equity traded a total volume of 99,579 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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