Chennai, February 8, 2025 – Apollo Sindoori Hotels Limited (NSE: APOLSINHOT) has released its financial results for the quarter and nine months ended December 31, 2024, alongside key business updates.
Financial Highlights (Standalone)
| Particulars | Q3 FY25 (₹ Lakhs) | Q2 FY25 (₹ Lakhs) | Q3 FY24 (₹ Lakhs) | 9M FY25 (₹ Lakhs) | 9M FY24 (₹ Lakhs) |
|---|---|---|---|---|---|
| Revenue from Operations | 8,090.80 | 7,717.82 | 7,329.70 | 22,990.93 | 21,235.84 |
| Total Income | 8,290.89 | 7,929.17 | 7,446.86 | 23,609.67 | 21,629.37 |
| Total Expenses | 8,022.57 | 7,568.76 | 7,254.17 | 22,566.95 | 20,626.09 |
| EBITDA (Pre-exceptional) | 268.88 | 361.16 | 192.72 | 1,005.92 | 1,003.19 |
| Profit Before Tax (PBT) | 315.47 | 391.81 | 504.02 | 1,057.79 | 1,467.33 |
| Net Profit | 203.32 | 280.67 | 192.72 | 718.02 | 730.75 |
| Earnings Per Share (EPS) | 7.82 | 10.79 | 7.41 | 27.61 | 28.10 |
- Revenue Growth: 10.4% YoY increase in Q3 revenue.
- Profitability: Profit after tax (PAT) stood at ₹203.32 lakh, marking a 5.5% YoY increase.
- Expenses: Higher cost of food and employee benefits impacted margins.
Segment Performance
| Segment | Q3 FY25 Revenue (₹ Lakhs) | 9M FY25 Revenue (₹ Lakhs) |
|---|---|---|
| Management Services | 1,895.58 | 5,285.36 |
| Food & Beverages | 6,154.46 | 17,586.73 |
| Others | 240.85 | 738.83 |
- Food & Beverages Segment continues to drive topline growth.
- Management Services saw steady growth with ₹1,895.58 lakh revenue in Q3.
Business Updates
- Debt Repayment: ₹7 crore loan repaid to Indian Bank for the acquisition of Sindoori Management Solutions Private Limited.
- Capital Infusion: ₹7 crore injected into Olive Plus Twist Avenues Private Limited for restaurant and café expansion.
- Retail Expansion: Olive Plus Twist Avenues has leased 17,000+ sq. ft. of prime retail space for a new premium restaurant launch in July 2025 with a 10,000+ sq. ft. dining area.
Management Commentary
Munish Kumar, Group Chief Executive Officer, stated: "Our continued growth in revenue and profitability reflects our strategic focus on the food and beverage segment and expansion into premium dining experiences. The planned restaurant launch and our capital infusion initiatives further strengthen our position in the hospitality sector."Outlook
- Expansion Strategy: Strengthening presence in premium dining with upcoming restaurant openings.
- Operational Efficiencies: Focus on cost optimization to enhance profitability.
- Debt-Free Growth: Loan repayment bolsters financial stability.
This earnings report underscores Apollo Sindoori Hotels' continued momentum in the hospitality sector, with consistent revenue growth, a focus on premium dining expansion, and a strengthened financial position.