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Chalet Hotels' Q2FY24 Financial Performance Review

Oct 26, 2023

By: BlinkX Research Team

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.

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.