Chalet Hotels Limited — quarter and year ended 31 March 2026
| Particulars | Quarter ended 31 March 2026 (Audited) | Quarter ended 31 December 2025 (Unaudited) | Quarter ended 31 March 2025 (Audited) | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|
| Particulars | Quarter ended 31 March 2026 (Audited) | Quarter ended 31 December 2025 (Unaudited) | Quarter ended 31 March 2025 (Audited) | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) |
| Income | |||||
| Revenue from operations (Refer note 5) | 5,582.17 | 5,816.76 | 5,219.74 | 27,697.53 | 17,178.25 |
| Other income | 128.38 | 75.35 | 154.01 | 426.72 | 362.97 |
| Total Income (A) | 5,710.55 | 5,892.11 | 5,373.75 | 28,124.25 | 17,541.22 |
| Expenses | |||||
| Cost of materials consumed – real estate | (493.72) | 138.76 | 21.12 | 736.96 | 84.82 |
| Changes in inventories of finished goods and construction work in progress | 493.72 | (64.87) | – | 3,630.51 | – |
| Food and beverages consumed | 316.97 | 371.68 | 320.67 | 1,297.79 | 1,168.09 |
| Operating supplies consumed | 99.92 | 131.63 | 125.86 | 436.23 | 425.09 |
| Employee benefit expenses | 758.44 | 728.90 | 676.50 | 2,878.50 | 2,344.78 |
| Power and fuel | 226.69 | 230.67 | 215.12 | 943.49 | 840.53 |
| Other expenses | 1,522.21 | 1,629.01 | 1,445.99 | 5,900.01 | 4,956.02 |
| Total Expenses (B) | 2,924.23 | 3,165.78 | 2,805.26 | 15,823.49 | 9,819.33 |
| Earnings before interest, depreciation, amortisation and tax (EBITDA) before exceptional items (C) (A-B) | 2,786.32 | 2,726.33 | 2,568.49 | 12,300.76 | 7,721.89 |
| Depreciation and amortisation expenses | 601.72 | 584.61 | 497.82 | 2,299.52 | 1,787.96 |
| Finance costs | 406.00 | 459.15 | 482.47 | 1,804.50 | 1,590.82 |
| Profit before exceptional items and tax (D) | 1,778.60 | 1,682.57 | 1,588.20 | 8,196.74 | 4,343.11 |
| Exceptional items (E) (Refer Note 15) | – | 10.21 | – | 10.21 | – |
| Profit before income tax (F) (D-E) | 1,778.60 | 1,672.36 | 1,588.20 | 8,186.53 | 4,343.11 |
| Tax expense (G) | 148.58 | 431.68 | 349.85 | 1,736.36 | 2,918.17 |
| – Current tax | 313.13 | 296.86 | 291.09 | 1,484.73 | 836.29 |
| – MAT credit entitlement | (295.11) | (182.60) | (253.71) | (1,015.73) | (799.27) |
| – Deferred tax expenses (Refer note 10) | 130.56 | 317.42 | 312.47 | 1,267.36 | 2,881.15 |
| Profit for the period/year (H) (F-G) | 1,630.02 | 1,240.68 | 1,238.35 | 6,450.17 | 1,424.94 |
| Other comprehensive income/(expense) | |||||
| Items that will not be reclassified to profit or loss | |||||
| Remeasurement of the defined benefit plans | 0.88 | 6.43 | 5.44 | 5.26 | (4.08) |
| Income-tax on above | (0.27) | (2.20) | (0.58) | (1.77) | 2.65 |
| Other comprehensive income/(expense) for the period/year, net of tax | 0.61 | 4.23 | 4.86 | 3.49 | (1.43) |
| Total comprehensive income for the period/year | 1,630.63 | 1,244.91 | 1,243.21 | 6,453.66 | 1,423.51 |
| Profit/(Loss) for the period/year attributable to: | |||||
| – Owners of the company | 1,630.25 | 1,240.91 | 1,238.46 | 6,451.09 | 1,425.65 |
| – Non-controlling interest | (0.23) | (0.23) | (0.11) | (0.92) | (0.71) |
| Other comprehensive income/(expense) attributable to: | |||||
| – Owners of the company | 0.61 | 4.23 | 4.86 | 3.49 | (1.43) |
| – Non-controlling interests | – | – | – | – | – |
| Total comprehensive income/(expense) attributable to: | |||||
| – Owners of the company | 1,630.86 | 1,245.14 | 1,243.32 | 6,454.58 | 1,424.22 |
| – Non-controlling interest | (0.23) | (0.23) | (0.11) | (0.92) | (0.71) |
| Paid-up equity share capital (Face value of ₹10 per share) | 2,189.94 | 2,187.53 | 2,184.55 | 2,189.94 | 2,184.55 |
| Other equity | – | – | – | 34,787.99 | 28,277.92 |
| Net-Worth | 36,971.56 | 35,314.04 | 30,457.02 | 36,971.56 | 30,457.02 |
| Earnings per equity share (Face value of ₹ 10 each) | |||||
| Basic (* not annualised) (in ₹) | *7.45 | *5.67 | *5.68 | 29.50 | 6.53 |
| Diluted (* not annualised) (in ₹) | *7.44 | *5.66 | *5.67 | 29.46 | 6.52 |
| Particulars | 31 March 2026 | 31 December 2025 | 31 March 2025 |
|---|---|---|---|
| Debt Equity Ratio (in times) | 0.63 | 0.68 | 0.84 |
| Debt Service Coverage Ratio (DSCR) (annualised) (in times) | 2.53 | 1.68 | 1.06 |
| Interest Service Coverage Ratio (ISCR) (in times) | 6.86 | 5.94 | 5.32 |
| Current Ratio (in times) | 0.70 | 0.63 | 0.53 |
| Long term Debt to Working Capital (in times) | (4.91) | (3.32) | (1.50) |
| Current Liability Ratio (in times) | 0.36 | 0.40 | 0.55 |
| Bad Debts to Account Receivable (in times) | – | – | – |
| Total Debt to Total Assets (in times) | 0.32 | 0.33 | 0.36 |
| Debtor Turnover (annualised) (in times) | 30.27 | 29.50 | 31.31 |
| Inventory Turnover (annualised) (in times) | 7.33 | 8.49 | 8.83 |
| Operating Margin (%) | 38% | 36% | 39% |
| Net Profit Margin (%) | 29% | 21% | 23% |
| Capital redemption reserve | 2,160.00 | 2,160.00 | 160.00 |
| Debenture Redemption Reserve | – | – | – |
| Outstanding redeemable preference shares | – | – | – |
| Quantity | – | – | 20,000 |
| Value | – | – | 1,969.02 |
| ₹ in million | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 33,111.61 | 30,869.86 |
| Right of use assets | 329.88 | 394.76 |
| Capital work-in-progress | 1,324.91 | 1,831.65 |
| Investment property | 22,641.45 | 19,982.96 |
| Goodwill | 817.33 | 817.33 |
| Other intangible assets | 33.24 | 38.43 |
| Financial assets | ||
| (i) Other investments | 146.91 | 97.19 |
| (ii) Others | 1,849.49 | 1,692.71 |
| Deferred tax assets (net) | 218.15 | 143.29 |
| Non-current tax assets (net) | 2,418.18 | 1,457.55 |
| Other non-current assets | 1,163.85 | 1,657.48 |
| Total non-current assets | 64,055.00 | 58,983.21 |
| Current assets | ||
| Inventories | 2,693.40 | 6,325.05 |
| Financial assets | ||
| (i) Investments | 146.06 | 987.84 |
| (ii) Trade receivables | 687.27 | 782.00 |
| (iii) Cash and cash equivalents | 1,639.93 | 1,092.43 |
| (iv) Bank balances other than (iii) above | 1,445.10 | 769.68 |
| (v) Others | 797.52 | 227.95 |
| Other current assets | 1,622.04 | 1,466.41 |
| Total current assets | 9,031.32 | 11,651.36 |
| TOTAL ASSETS | 73,086.32 | 70,634.57 |
| ₹ in million | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 2,189.94 | 2,184.55 |
| Other equity | 34,787.99 | 28,277.92 |
| Non controlling interests | (6.37) | (5.45) |
| Total equity | 36,971.56 | 30,457.02 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| (i) Borrowings | 18,837.10 | 15,529.61 |
| (ii) Lease liabilities | 372.14 | 437.30 |
| (iii) Others | 936.36 | 745.37 |
| Provisions | 186.29 | 157.70 |
| Deferred tax liabilities (net) | 2,198.60 | 854.61 |
| Other non-current liabilities | 717.84 | 414.23 |
| Total non-current liabilities | 23,248.33 | 18,138.82 |
| Current liabilities | ||
| Financial liabilities | ||
| (i) Borrowings | 4,402.38 | 10,013.36 |
| (ii) Lease liabilities | 65.16 | 60.12 |
| (iii) Trade payables | 382.62 | 136.02 |
| (a) Total outstanding dues of micro enterprises and small enterprises | ||
| (b) Total outstanding dues to creditors other than micro enterprises and small enterprises | 1,266.30 | 1,577.34 |
| (iv) Other financial liabilities | 1,272.97 | 1,076.15 |
| Other current liabilities | 5,374.87 | 9,088.54 |
| Provisions | 102.13 | 87.20 |
| Total current liabilities | 12,866.43 | 22,038.73 |
| TOTAL EQUITY AND LIABILITIES | 73,086.32 | 70,634.57 |
| Description | For the year ended 31 March 2026 | For the year ended 31 March 2025 |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit before tax | 8,186.53 | 4,343.11 |
| Adjustments for: | ||
| Interest income from instruments measured at amortised cost | (234.06) | (153.10) |
| Depreciation and amortisation expenses | 2,299.52 | 1,787.96 |
| Finance costs | 1,804.50 | 1,590.82 |
| Unrealised exchange loss | 30.61 | 20.42 |
| Loss / (Profit) on sale of property, plant and equipment (net) | 0.98 | (0.84) |
| Property, plants and equipment written off | 16.78 | 16.54 |
| Profit on sale of investment | (39.72) | (86.58) |
| Fair valuation loss on investment valued through (‘FVTPL’) | 1.83 | (3.48) |
| Provision for doubtful debts, advances and bad debt written off | (19.15) | 3.67 |
| Employee stock option expense | 74.95 | 67.77 |
| Export benefits and entitlements | (33.69) | (44.84) |
| Business combination expenses | – | (0.84) |
| Total | 3,902.55 | 3,197.50 |
| Operating Profit before working capital changes | 12,089.08 | 7,540.61 |
| Adjustments | ||
| (Increase) in trade receivables and current and non-current assets | (679.00) | (392.70) |
| Decrease / (Increase) in inventories | 3,631.65 | (887.59) |
| (Decrease) / Increase in trade payables and current and non-current liabilities | (2,943.44) | 4,110.22 |
| Total | 9.20 | 2,829.93 |
| Income Taxes (net of refund) | (1,429.66) | (866.69) |
| NET CASH GENERATED FROM OPERATING ACTIVITIES (A) | 10,668.63 | 9,503.85 |
| Description | For the year ended 31 March 2026 | For the year ended 31 March 2025 |
|---|---|---|
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant and equipment, Right of Use assets (including capital work in progress, capital creditors and capital advances) | (3,383.57) | (9,691.20) |
| Proceeds from sale of property, plants and equipments and investment property | 8.29 | 51.72 |
| Purchase of investments (including investment property and investment property under construction) | (2,112.24) | (3,819.52) |
| Sale/redemption of Investments | (7.15) | – |
| Interest income received | 390.28 | 114.87 |
| Fixed deposits (placed) / matured (net) | 58.08 | (98.11) |
| Margin money (placed) / matured (net) | (707.28) | (411.54) |
| NET CASH (USED IN) INVESTING ACTIVITIES (B) | (5,753.59) | (13,853.78) |
| Description | For the year ended 31 March 2026 | For the year ended 31 March 2025 |
|---|---|---|
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| Issue of Non Convertible Debenture (NCD) | – | 750.00 |
| Issue of equity shares | 204.62 | 9,903.44 |
| Issue of Commercial Paper | 1 |