CHALET · Consumer Services
Chalet Hotels Ltd. reported revenue of ₹582 cr for October to December 2025, +27.1% on the year and −20.8% on the quarter. Over the last four quarters revenue comes to ₹2,734 cr, +69.4% on the four before.
Operating profit (EBITDA) was ₹265 cr, a margin of 45.5%, +77 bps on the year and +485 bps on the quarter. Over the last 8 quarters the margin has ranged from 38.8% to 46.2%, averaging 42.4%. Operating costs grew +25.3% against revenue growth of +27.1%, so more of each rupee of sales reached operating profit.
Net profit was ₹124 cr, +27.8% on the year and −20.0% on the quarter, with earnings per share of ₹5.67. Profit before other income, one-offs and tax grew faster, at +44.1%; other income, one-offs or tax held the headline back. The tax rate was 26% against an average of 21% over the previous 7 quarters, which weighed on profit this quarter. Profit over the last four quarters totals ₹606 cr, +500.0% on the four before.
On earnings per share of ₹27.72 over the last four quarters, the stock at ₹850.85 trades at 30.7 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Core profit grew faster than reported profit: one-offs held the headline down.
Reported profit +27.8% on the year; profit before other income, exceptional items and tax +44.1%.
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹315 cr | ₹374 cr | ₹418 cr | ₹361 cr | ₹377 cr | ₹458 cr | ₹522 cr | ₹895 cr | ₹735 cr | ₹582 cr | ₹558 cr | ₹512 cr |
| YoY | — | — | — | +16% | +20% | +22% | +25% | +148% | +95% | +27% | +7% | −43% |
| EBITDA margin | 40.0% | 44.4% | 43.8% | 38.8% | 39.8% | 44.8% | 46.2% | 39.9% | 40.7% | 45.5% | 47.7% | 45.7% |
| Other income, % of PBT | 9% | 7% | 6% | 10% | 8% | 6% | 9% | 5% | 4% | 4% | 7% | −1% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 18% | 20% | 17% | 22% | — | 18% | 22% | 24% | 24% | 26% | 8% | 35% |
| Net profit | ₹36.0 cr | ₹71.0 cr | ₹82.0 cr | ₹61.0 cr | −₹139 cr | ₹97.0 cr | ₹124 cr | ₹203 cr | ₹155 cr | ₹124 cr | ₹163 cr | ₹86.0 cr |
| YoY | — | — | — | −31% | −486% | +37% | +51% | +233% | — | +28% | +31% | −58% |
| Core profit YoY | — | — | — | +112% | +83% | +34% | +55% | +264% | +168% | +44% | +15% | −47% |
| EPS | ₹1.77 | ₹3.44 | ₹4.01 | ₹2.78 | −₹6.35 | ₹4.42 | ₹5.67 | ₹9.30 | ₹7.08 | ₹5.67 | ₹7.44 | ₹3.93 |
| Flags | · | · | · | ✓ | 1 | ✓ | ✓ | ✓ | ✓ | ✓ | 2 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Chalet Hotels Ltd. reported revenue of ₹582 cr (+27.1% on the year) and net profit of ₹124 cr (+27.8% on the year) for October to December 2025.
Profit before other income, exceptional items and tax moved +44.1% on the year, against +27.8% for reported profit.
None of the 7 checks that could run raised a question.
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