Kamat Hotels
Q2 FY24 Earnings Call Analysis
Leisure Services
fundraise: No informationcapex: Yesrevenue: Category 3margin: Category 4orderbook: No information
🏗️capex
Any current/future capex/capital investment/strategic investment?
No information is provided regarding the same in the latest conference call.
📊revenue
Future growth expectations in sales/revenue/volumes?
No information is provided regarding the same in the latest conference call.
📈margin
Future growth expectations in earnings/operating earnings/profits/EPS?
No information is provided regarding the same in the latest conference call.
📋orderbook
Current/ Expected Orderbook/ Pending Orders?
- The company is guiding for approximately 2,200 key additions by FY25.
- They completed around 1,600 keys by FY24 and about 1,500 keys in FY23.
- For FY25, realistically expecting an addition of about 400 to 500 keys.
- However, factors like licensing delays (e.g., liquor licenses taking 3-6 months in some states) can impact timely openings.
- Despite these delays, the management is confident of adding no less than 300 keys in the current financial year.
- Several new properties are in the pipeline, including Orchid Noida, Orchid Toyam (started operations in Q2 FY25), and expected openings of Orchid Chandigarh, Dehradun, and Bhavanagar in Q3 FY25.
💰fundraise
Any current/future new fundraising through debt or equity?
No information is provided regarding the same in the latest conference call.