Chalet Hotels reported a 39.7% year-on-year rise in consolidated net profit to ₹216.2 crore for the second quarter of FY27, compared with ₹154.8 crore in the corresponding quarter last year.
Revenue declined 31.7% to ₹501.9 crore from ₹735.3 crore a year ago, while EBITDA fell 27.3% to ₹217.5 crore from ₹299.3 crore. However, the EBITDA margin improved to 43.3% from 40.7% in the year-ago quarter.
The company’s investor presentation showed that its consolidated financial performance was affected by income from a residential project recognised in Q2 FY26. Excluding the residential project, revenue grew 10.7% year-on-year to ₹511 crore, while EBITDA increased 13.5% to ₹227.4 crore. The EBITDA margin for this business stood at 45%, up 110 basis points from the year-ago period.
Chalet Hotels’ hospitality business recorded revenue of ₹411.5 crore in Q2 FY27, an increase of 8.2% year-on-year. EBITDA rose 11.2% to ₹169.1 crore, while the segment’s EBITDA margin improved by 110 basis points to 41.1%.
The company’s revenue per available room (RevPAR) increased 7.2% year-on-year to ₹8,702 during the quarter, despite higher fuel prices, airfares and flight rationalisation on select routes. Average daily rates (ADR) rose 11.3% to ₹13,546, while occupancy stood at 64.2%, down 2.44 percentage points from the year-ago period.
The resorts segment recorded a 33.8% increase in RevPAR to ₹6,208, supported by domestic demand. Occupancy at the resorts improved to 41.2% from 32.6% in Q2 FY26, while ADR rose 6.1% to ₹15,083. Business hotels reported a 5.4% increase in RevPAR to ₹9,083.
Chalet’s commercial real estate business also reported growth during the quarter. Revenue from the segment increased 22% year-on-year to ₹90.1 crore, while EBITDA rose 23.5% to ₹75 crore. Its EBITDA margin stood at 83.2%, compared with 82.3% in the corresponding quarter last year. Occupancy across its commercial real estate portfolio improved to 91% in September 2026 from 77% a year earlier.
The company’s residential project contributed revenue of ₹50 lakh in Q2 FY27, compared with ₹743.8 crore in consolidated revenue in the year-ago quarter from the project.
Chalet Hotels’ shares closed at ₹816.90 on the NSE, up ₹6.35 or 0.78%.
Chalet Hotels Q2 results: Net profit rises 39.7% to ₹216.2 crore; revenue falls 31.7%