Business Update2 Aug 2024, 03:55 pm
Sterling Holiday Resorts Records Highest Ever Q1 Revenue of Rs 126 Cr, EBITDA Margin at 34%
AI Summary
Sterling Holiday Resorts, a leading leisure hospitality brand, announced its Q1 FY25 results with the highest ever Q1 revenue of Rs 126 Cr and a maintained EBITDA at 34%. The company has been profitable for 16 consecutive quarters and continues to remain debt free with healthy cash reserves of over Rs 200 Cr. Sterling's portfolio crossed the milestone of 50 resorts with the addition of 2 resorts in Dehradun and Udaipur. The company's EBITDA is slightly moderated due to 5 resorts in Rajasthan being in the ramp phase.
Key Highlights
- Revenue grew 9.2% over the same quarter last year
- EBITDA at a healthy 34%
- Portfolio crossed the milestone of 50 resorts
- Investing in building key talent for expansion
- 42 resorts ranked 4.5 and above on Trip Advisor