Why only NCD redemption cost is there in Q1FY25. What about the interest cost of debt from Axis bank, it should be spread out over the whole year?
They had posted 91 Cr EBITDA in FY24. 140 Cr is ~54% jump which is not possible without adding a lot of keys. Also, they have shown 0 key progress from Q4FY24 to Q1FY25. They haven’t mentioned any other keys in pipeline other than the ones being shown from last 1 year.
ARR halving was mentioned during the concall by CFO
I don’t have any idea about payment schedule, else assuming just int cost of 13.98cr per annum, I think they have the discretion to show it in any qtr of that year. Generally they spread it even, but here also they are trying to do the same. They considered NCD int which is paid already but the other amount they might not have paid. So its natural to show NCD int cost only now, as the other int amount is also not much big but int cost becomes big for the revenue they are making if its included in the 1st qtr.
If the keys increased to 2200 from 1500 its 47% increase, if its 2000 its 33% increase. Then there is a scope to increase ARR as well as occupancy by another 10%. So its possible if the boom in hotel sector continues.
Yes, ARR halving was mentioned, but she could not able to answer int cost it self properly. She took the concall as chitchat and gave yes to all questions. Moreover she was comparing peak rates in q3/q4 to q1/q2. I just took q1fy24 and q1fy25 for comparison.
No its not typo, I too think its difficult for fy25. My be 350 cr revenue for fy25.
I wish they send the notice for investors vote on mergers at the earliest.
Also I wish they send the information to exchanges about the pledge release, so that investors don’t see warning messages while buying.
How to speak without giving any information. One should really watch the interview.
Very very primitive answers given about debt reduction, low revenue and low ebitda margins. “Log responsible ho gye h, election me”. Also not sure if banquet halls are newly added or he is just saying that there is trend to do marriages in hotels now. (Which I would say is not a new trend).
Also mentioned that they are opening their pure veg restaurant in every hotel. Again unsure if this is new or the restaurants already exist. Also mentioned that their restaurants are famous. And also made a weird point about people want to eat in clean restaurants after covid.
If the stock wasn’t at a good support zone technically, I would have made a full exit in loss.
Edit: I saw the interview by Vishal Kamath which was pretty informational and he answered each question though the question related to the FY guidance was not asked.
