India's Chalet Hotels gains after Q4 profit rise

Chalet Hotels

15/05/2026 06:57

** Shares of India's Chalet Hotels CHAL.NS up 3.19% to 776.8 rupees

** Hotel operator posted a profit of 1.63 billion rupees ($16.99 million) in Q4, up ~32% Y/Y

** Revenue from ops rose 7% to 5.58 billion rupees in Q4

** Nomura says revenue growth was driven by growth in co's commercial segment, while PAT was driven by lower tax charge

** Brokerage maintains "neutral", TP of 860 rupees

** CHAL rated "buy" on avg by 21 analysts, median PT 1,075 rupees - data compiled by LSEG data

** YTD, stock down 13.5%

($1 = 95.9300 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))