The company said for the first nine months of this fiscal year, its total income increased by 14% year on year to Rs 436 crore. Its profit after tax amounted to Rs 50.4 crore, translating into a profit after tax margin of 12% in the first nine months of this fiscal.
ASPHL raised Rs 920 crore through the IPO, with a fresh issue of shares worth Rs 600 crore and an offer for sale worth Rs 320 crore. It inaugurated five new hotels during the first nine months of this fiscal, expanding its total footprint to 30 hotels.
Chairperson Priya Paul said the company posted its best-ever financial results for quarter three to date.
“While our revenue, EBITDA and profit after tax performance was robust, we are equally encouraged by the operational performance, including a remarkable 14% growth in RevPAR and an industry-leading 90% occupancy rate. This performance has been driven through a combination of our strategic and growth initiatives alongside favorable industry trends,” she said.
“We have utilized the IPO proceeds for pre-paying long-term loans, strengthening our balance sheet and transitioning ASPHL into a net debt-free position. We believe that this strong financial position will enable us to more actively pursue our growth plans and strengthen our operating position in the sector,” she added.The five new hotels added to its portfolio include Zone by THE Park Gopalpur, Zone by THE Park Dimapur, Zone Connect Mussoorie, Zone Connect Indore, and Zone Connect Udaipur. Additionally, the chain inaugurated two new motels during the first nine months of this fiscal including Stop by Zone Nandakumar, and Stop by Zone Simbulbari.
