Questions across 4 calls

Vikas Ahuja

Antique Stock Broking

Chalet Hotels Limited

Chalet Hotels Limited CC-May26.pdf · 2026-05-15

Sir, my first question is, why did we choose to do the subsidiary level dilution structure for DIAL instead of funding it entirely through internal acquisition or maybe through debt? I mean, for us, this was a great deal we got and now we are diluting stak e. It's a little confusing for me. And who are the investors coming in DIAL? What strategic value do they bring beyond capital? Any color on this would be great. And after that, I have a follow-up.

Okay. And also, given the large upcoming pipeline, including the Hyderabad and the DIAL, Hyatt Airoli, and Goa projects, how should we think about annual capex intensity over FY '27 to '29? How much of this capex upcoming should be funded through internal accruals versus internal debt? And what is the expected peak debt if we can -- I understand with DIAL also, we are just trying to manage the debt levels, what we have done. If any peak debt guidance we can get would be great?

Chalet Hotels Limited CC-Feb26.pdf · 2026-02-03

Congrats on the strong quarter. So, sir, my first question is, so far, if I look at our revenue growth, it has been -- in the first 9 months, it has been growing at double the pace of the RevPAR growth, helped by obviously the strong inventory additions. So given most of the inventory addition now occurring and I'm talking about the future expansion is coming in Q4 FY '27 and the revenue contribution meaningfully will start flowing in from FY '28. So, is it reasonable to assume the convergence of revenue growth towards RevPAR in FY '27? That's my first question?

Okay. So largely, the keys addition in Bangalore and Khandala, when do you think it's going to stabilize? Because our margins were also impacted because of that. So when do you think we can go back to about 70% occupancy and the margins, which declined by 82 basis points this quarter, when we see that stabilizing once this inventory, which is going to stabilize, which you said it's going to take more quarters?

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

Congrats on a good quarter. My first question is regarding the rebranding of Dukes to Athiva. Although it has been only a few weeks, could you share any early trends in occupancy or ARR following the brand transition? Additionally, with the repositioning of the property under the new brand, should we build in any impact on margins in coming years due to increase in sales and marketing investments?

Okay. The second question is with the addition of new properties, and we saw that in the dip in the occupancy, the Bangalore and Athiva formerly Dukes. Do we expect occupancy to come back above 70% in second half because we did talk about the occupancy mov ing up in second half in the presentation? Also, for the medium term, what should we consider as a steady -state occupancy levels across portfolios, particularly for business hotels versus resorts, properties like or Aravali or Himalayas, maybe you have started reporting a consolidated number around that.

Zensar Technologies Limited

Zensar Technologies Limited CC-Dec23.pdf · 2024-01-22

So, if I look at some of your peers their commentary has incrementally started turning positive and if I remember correctly in one of your interviews you have talked about demand continues to remain and mega deals are occurring, but you are also seeing an equ al number of that being cancelled. So, anything changed for us in last one and half months I mean things have incrementally turning positive for us?

And also, the other part regarding that mega deals you talked about that y ou have been seein g some cancellations on that side overall, anything has improved on that front as well?