Questions across 5 calls

Vaibhav Muley

YES Securities

Lemon Tree Hotels Limited

Lemon Tree Hotels Limited CC-Nov25.pdf · 2025-11-13

Thanks for the opportunity and c ongratulations on a good set of numbers. Sir, my first question was regarding our management portfolio. We have continuously seen strong traction in terms of signings, but openings have been lagging. And I understand the actual timelines are beyond our control, and it is more dependent on the developers. But for our growth to sustain going forward, openings of management contracts is going to be critical. So just wanted to understand when do you see this pace of openings to pick up going forward for managed portfolio?

Yes, sir. But if you can just provide broad guidance in terms of possible number of Keys that could be added over the next 3 years? I mean the operational Keys on the managed part.

Chalet Hotels Limited

Chalet Hotels Limited CC-Nov25.pdf · 2025-11-05

My first question was on our overall business portfolio. I noticed some diversion trends into our MMR and others market. So our MMR portfolio has actually reported relatively lower ADR growth, while there has been a minor dip into occupancy. But our overall business portfolio has reported almost 390 bps dip in occupancy, but ADR growth has been pretty significant. So has this been a strategic call where we have focused more on occupancy expansion or maintaining occupancy in MMR region, while in other markets like Pune, Bangalore and Hyderabad, we have focused on ADR growth at the expense of occupancy. And just relat ed to this question, if you could also share some broader demand trends for Pune, Bangalore and Hyderabad markets?

Understood, sir. My second question was on our Airoli project and our Kerala project. So has there been any additional update in both of these projects? So we did mention a delay in the approval for Airoli because of the NGT approval being moved to Central . Now when do you expect this project to commence? And any update on the timeline? And same on Kerala as well?

Leela Palaces Hotels & Resorts Limited

Leela Palaces Hotels & Resorts Limited CC-Oct25.pdf · 2025-10-14

Hi, team. Congratulations on a strong set of numbers. My first question was on Dubai transaction. So, we have mentioned that $49 million would be the upfront capital required. So, how would the payment be made? Will it be through own cash and bank balance or do you plan to take incremental debt for this ? And about the non-recourse debt, what would be the finance cost and when will it start reflecting into the P&L? And what kind of incremental finance cost can we start seeing on the P&L?

But when do we expect to finalize the, make the rest of the payment , sir? I mean, when can we see the incremental finance cost?

PVR INOX Limited

PVR INOX Limited CC-Jun25.pdf · 2025-08-06

Congratulations on a good set of numbers. My first question was on your asset-light and capital- light strategy. So going forward, what kind of margin expansion do you foresee because of the addition of capital -light screens? The reason I'm asking is there has been a significant cost reduction across the cost headers in Q1 results. So is there any particular reason for that? Or are we already starting to see the benefit of shifting towards capital-light model?

So we can expect the current levels of cost as a percentage of sales to continue going forward or even reduced from the current levels?

PVR INOX Limited CC-Mar25.pdf · 2025-05-12

I just had a question regarding your FOCO model. So you mentioned that the revenue share will be around 8.5% of the revenue. But is there any incentive in terms of -- related to the performance of that particular screen if a screen does particularly well then, is there an incentive of a higher revenue share?

Understood. And my second question was on the Hollywood side. So Q4 also had decent line up in terms of -- lineup in terms of Hollywood movies like Captain America, then we had Snow White. And however, the box office collection for these movies was pretty low. And given that there's a good amount of movies lined up on the Hollywood side for the coming 2 quarters, what kind of expectations do you have in terms of revival in footfalls for the Hollywood side?