Kamat Hotels (India) Ltd- A Possible Turnaround Story!

Interview by the Chairman:

Notes:

1. Mentions that EBITDA margin is expected to be around 27-35% for FY25
2. Dip in EBITDA due to property tax and new rules alongside low occupancy
3. Q2 occupancy between 80-85% which has also contributed to 5-7% ARR increase
4. Signed 3 new hotels with 1 in Delhi (I think he meant the Noida one?). 4-5 in pipeline
5. Roundabout answer on 400 Cr revenue and 140 Cr EBITDA target
6. Some talks ongoing for overseas hotels but nothing clear. His son in previous interview said that they don’t have any current plans (conflict?)