Concall Notes
Detailed dscn on redn in Ebitda…mgt conveyed that most resorts became operational in Q3/Q4 so realisations are yet to pick up…logical reasoning.
Eulogia. Expect strong Q3/4 marriage season, booked 70%, monthly RR 1.5 Cr but anl potn is 35 Cr
Headcount. From 150 to 1000 now on payroll. Incr in emp expdr
Depreciation Policy. 5% residual value, 95% charged off over 10 years
Avg Occupancy . 45-50% in PFY
Active Resorts . Mar 23 - one resort, Mar 24 - 12 resorts, likey by Mar 25 - 22 Resorts
Lakshwadeep . 5 resorts (incl water and adventure activity, 386 rooms, marriage and events), likley to be op - Nov, Constr commenced, Jun -Jul no work on site
Guidance. 300 Cr rev expectation, EBITDA 40% plus
Misc .
With new acqn, addl rev stream in advt will open up
Properties are getting better ratings from TRIPADVISOR
Share holding . Promo Hldg - 45.77%; FII - 7.95%; DII- 4.88% total - 58.6%
Disclosure. No holding.