Chalet Hotels posts revenue from operations of Rs 338 cr for Q4FY23, clocks profit of Rs 39 cr

Chalet Hotels reported strong financial results for the fourth quarter and the financial year 2023. The company saw a 128.3% YoY increase in revenue from operations in Q4, reaching Rs 338 crore. It also reported a profit of Rs 39 crore compared to a loss in the previous year. For the financial year 2023, Chalet Hotels achieved revenue from operations of Rs 1128.4 crore and a profit of Rs 186 crore. The CEO credited the company’s success to new investments and expansion into the leisure segment. The company has several upcoming projects in various locations across India.