Summary

Ventive Hospitality Ltd, a leading owner, developer, and asset manager of luxury and upscale hotels in India and Maldives, announced its consolidated financial results for the third quarter of the fiscal year 2025 ending December 31, 2024. The company reported a revenue of INR 5,664 million, up 15% vs Q3FY24, and an EBITDA of INR 2,776 million, up 31% vs Q3FY24. The hospitality segment reported a revenue of INR 4,200 million, up 12% vs Q3FY24, and an EBITDA of INR 1,470 million, up 33% vs Q3FY24. The company also achieved 33% YoY EBITDA growth in the hospitality segment led by RevPAR growth, operating efficiencies, and margin expansion.

Key Highlights

1. 1

   Revenue of INR 5,664 million, up 15% vs Q3FY24

2. 2

   EBITDA of INR 2,776 million, up 31% vs Q3FY24

3. 3

   Hospitality segment revenue of INR 4,200 million, up 12% vs Q3FY24

4. 4

   Hospitality segment EBITDA of INR 1,470 million, up 33% vs Q3FY24

5. 5

   33% YoY EBITDA growth in the hospitality segment led by RevPAR growth, operating efficiencies, and margin expansion

6. 6

   Occupancy: 63% and up 3% vs Q3FY24

7. 7

   ADR: INR 21,610 and up 5% vs Q3FY24

8. 8

   RevPAR: INR 13,573 and up 8% vs Q3FY24

9. 9

   Raised INR 16,000 million of primary capital and successfully listed the company on 30% December 2024 with a strong investor interest and 10x oversubscription

10. 10

    Net debt of INR 17.3 billion; significant headroom for future growth

11. 11

    Successfully refinanced our borrowings in Maldives achieving 210bps reduction in cost of debt