Advani Hotels has announced its Q3 FY25 financial results, reporting a net profit of INR 1192 lakhs, reflecting a 28% growth, with a 50% dividend
It owns and operates the ‘Caravela Beach Resort, Goa’; an independent, 201-key, 5-Star Deluxe golf resort on the Arabian Sea, designed by the world-famous architects WATG (who designed both the ‘Atlantis’ resorts).
The audited results for the Financial Year 2023 – 2024 indicate a noteworthy set of financial ratios. The Company is debt-free and has been consistently rewarding its shareholders through the distribution of dividends over the last 11 years, excluding the year of COVID-19 (the Financial Year 2020 – 2021).
The Company is managed by the Founder and Chairman & Managing Director of Advani Hotels & Resorts (India) Limited – Sunder G. Advani, the Chief Executive Officer & Whole-Time Director – Prahlad S. Advani and the Executive Director – Haresh G. Advani; together with a distinguished Board of Independent Directors.
Over the last eleven years, Advani Hotels has paid Dividends totalling to INR 87.1 crore (including dividend tax), to all its shareholders.
Advani Hotels & Resorts (India) Limited, approved the unaudited standalone financial results, for the third quarter and nine months ended 31st December 2024.
Financial Table:
| Particulars (INR In Lakhs) | Q3 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
| Total Income | 3607.4 | 3304.2 | 7663.3 | 7490.5 |
| Operating Expenses | 1928.1 | 1948.5 | 5438.8 | 5326.8 |
| EBITDA | 1679.3 | 1355.7 | 2224.5 | 2163.7 |
| EBITDA Margin (%) | 46.6% | 41.0% | 29.0% | 28.9% |
| Profit Before Tax | 1604.5 | 1270.4 | 1991.1 | 1911.5 |
| Income Tax (including Deferred Tax) | 412.9 | 339.8 | 494.7 | 475.1 |
| Profit After Tax | 1191.6 | 930.7 | 1496.4 | 1436.4 |
| Total Room Nights Sold (Numbers) | 14,990 | 15,169 | 41,625 | 57,685 |
| Occupancy (%) (on available rooms for sale) | 84.9% | 85.4% | 81.3% | 82.6% |
| Total Revenue per occupied room per night (TRevPOR) (INR) after subtracting taxes | 24,065 | 21,783 | 17,753 | 17,258 |
| Liquid Fund Reserves (including Fixed Deposits) | 5699.8 | 4812.1 |
Key performance indicators of the quarter ended December 2024 are below:
During the quarter, the revenue has improved on a YoY basis by 9.2%, while the Profit After Tax improved by 28%. A major contributor to the topline was strong leisure, wedding and MICE demand. Additionally, this growth was achieved without adding any rooms or F&B facilities and the Company’s fixed assets have remained same over a period of time.
In Q3 FY25, the EBITDA margin increased to 46.6%, there was an increase in margins due to large number of weddings in this period compared to last year, which resulted in higher income in food and beverage and other services at higher margins.
During Q3 FY25, the hotel recorded an average occupancy of 84.9% vs 85.4% last year. Instead of growth driven by occupancy, our growth propelled by an increase in the Total Revenue per Occupied Room per night (TRevPOR), which increased during Q3 FY25 to INR 24,065 vs INR 21,783 last year, reflecting a growth of 10.5%.
On Christmas Eve, the Caravela Beach Resort Goa achieved an Average Net Revenue per Occupied Room per night after subtracting taxes of INR 33,905, at an occupancy of 83.1%.
On New Year’s Eve, the Caravela Beach Resort Goa achieved an Average Net Revenue per Occupied Room per night after subtracting taxes of INR 48,203, at an occupancy of 94.4%.
The Company is debt-free and the Liquid Fund Reserves (including Fixed Deposits) are at INR 5700 lakhs as on 31st December, 2024 vs INR 4812 lakhs last year, reflecting a growth of 18.5%.
The Company has declared dividend of 50% i.e. INR 1/- per share, which will result in a pay-out of INR 924.38 lakhs.
Commenting on the results Sunder G. Advani, Chairman & Managing Director of Advani Hotels & Resorts (India) Limited said, “We are excited to report that the revenue for Q3 has set a new record as the highest ever quarterly revenue and net profit in the history of the Company. This achievement reflects consistent revenue growth. We are dedicated to sustain this momentum in Q4 FY25 with continued growth driven by MICE and leisure travel.”
From an eco-friendly perspective, the Company has invested in installing aerators in each faucet, to conserve our nation’s valuable natural resource of water.
From a guest experience perspective, we have added list of soft adventure and guest experiential activities, such as land and water zorbing, a bunjee trampoline, archery, target shooting, local distillery tours, etc.
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