Chalet Hotels' Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Chalet Hotels for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | (Y-o-Y) % change | Q1FY24 | (Q-o-Q) % change | Q2FY24 |
| Total Income (₹crs.) | 250.46 | 27.03 | 314.58 | 1.13 | 318.15 |
| Expenses (₹crs.) | 162.75 | 15.82 | 200.9 | -6.17 | 188.50 |
| Net Profit (₹crs.) | 15.7 | 131.45 | 88.66 | -58.91 | 36.43 |
| Margin (%) | 6.28 | 5.17 | 28.18 | -16.73 | 11.45 |
REVENUE:
Chalet Hotels reported a total income of ₹318.15 crores for Q2FY24, showing a moderate 1.13% increase compared to the preceding quarter. On a year-on-year basis, the company achieved substantial growth, with total income rising by 27.03%.
EXPENSES:
The company recorded expenses amounting to ₹188.50 crores in Q2FY24, representing a -6.17% decrease compared to the Q1 of this year. However, expenses experienced a 15.18% increase year-on-year.
NET PROFIT:
The net profit of Chalet Hotels for Q2FY24 was ₹36.43 crores, demonstrating a noteworthy -58.91% decrease compared to the preceding quarter. On a year-on-year basis, the company showed significant growth, with net profit increasing by 131.45%.
MARGINS:
Chalet Hotels' margin in Q2FY24 was 11.45%. This figure reflects a considerable -16.73% decrease compared to the previous quarter when the margin was 28.18%. Year-on-year, the margin increased by 5.17%, potentially indicating efforts to maintain profitability.
In conclusion, Chalet Hotels' financial performance in Q2FY24 shows a mixed bag, with robust year-on-year revenue growth, but a notable decline in net profit. The reduction in expenses compared to the previous year may be a positive sign, although the decline in margins raises questions that warrant further investigation.
Stay tuned for more detailed updates on Chalet Hotels' financial performance in the coming quarters.