New Delhi, May 12 -- Chalet Hotels Limited, backed by real estate company K Raheja Corp and owner of notable properties such as JW Marriott Mumbai, Sahar, and Westin Powai, reported strong revenue growth for FY25. However, net profit declined owing to higher operating expenses and one-time tax adjustments.

The company's revenue from operations rose to Rs.1,717.8 crore, a 21.3% increase from Rs.1,417.2 crore in FY24. However, profit after tax dropped to Rs.142.3 crore, a 48.8% decrease from Rs.277.3 crore the previous year.

The dip in profit was largely driven by an increase in employee benefit expenses, higher power and fuel costs, and greater consumption of operating supplies. Depreciation and finance costs also rose during the year. ...