Chalet Hotels has approved a transaction for purchase of a land parcel in the state of Goa. The company is acquiring 11 acres of land parcel at a cost of Rs 137 crore. Once purchased, the Company aims to develop a 5-Star luxury hotel on the said land. The Company is in the process of executing definitive agreement(s) in accordance with the applicable laws and procedural requirements. Powered by Capital Market - Live News

Net profit of Chalet Hotels declined 31.57% to Rs 60.67 crore in the quarter ended June 2024 as against Rs 88.66 crore during the previous quarter ended June 2023. Sales rose 16.17% to Rs 361.01 crore in the quarter ended June 2024 as against Rs 310.77 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales361.01310.77 16 OPM %38.8535.33 - PBDT116.6668.18 71 PBT77.7237.21 109 NP60.6788.66 -32 Powered by Capital Market - Live News

Chalet Hotels will hold a meeting of the Board of Directors of the Company on 25 July 2024.Powered by Capital Market - Live News

Chalet Hotels announced that the 39th Annual General Meeting (AGM) of the company will be held on 8 August 2024.Powered by Capital Market - Live News

Chalet Hotels has received upgrade in credit ratings from ICRA A-; Stable/ ICRA A2+ to ICRA A; Positive/ ICRA A1.Powered by Capital Market - Live News