Brigade Hotel Ventures · Analyst questions, management answers, and the quality of the response where the ledger is available.
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Questions audited
12
Answered directly
92%
Numeric claims
3
Consistency
contradicted
Question ledger
Adid Chatai · ICICI Securities
directSee the GST as per the new GST law if our ADR that is room rent if we are charging anything 7,500 and below the GST rate is 5%. They have reduced it from 12% to 5%. But what they have done is on the input tax credit eligibility that whichever we are charging on the proa basis we have to reverse it we can't take as an input so that is hitting our expenses which is hitting for the quarter around 1.6%.
Adid Chatai · ICICI Securities
partialWe've already deployed about 158 odd crows in FY24 and FY25... in FY26 we have or in the last 9 months we've already um invested about 230 odd crores and uh possibly maybe in the next quarter or so it could be about 25 to 30 crores... the balance 3200 crores would come in over the next uh four years
Adid Chatai · ICICI Securities
directOverall I would say yes the FNB trend was the increase was only 4% if we compare the quarter on quarter growth. However it was a one-off with one particular hotel... If I remove the one hotel the portfolio actually grew by 20%.
Sorb Gilda · JM Financial
directWhile our portfolio is at mid70s I do believe that at an optimum level it should be in the it should touch about 80 or low 80s... supply is growing only at 7.3% for the next 5 years whereas demand is growing at 10.1%. So we still think that there is room to grow.
Sorb Gilda · JM Financial
directOut of the nine hotels, seven have a ADR below 7 a half thousand... portfolio ADR is already now reaching 7,300 levels so we are now getting up to a level where most of our hotels will start hitting more than 7,500
Vehicities (unclear) · Research desk
directCurrently we have three hotels that are slated to come up in FY28. The two Fairfields and one Grand High Chennai. We've already started our construction on the two fair fields. For the Grand High Chennai, we are waiting on one approval... the CRZ approval.
Vehicities (unclear) · Research desk
directYes, we definitely expect to raise debt in order to fund our construction... we haven't yet raised that debt because we don't require it immediately but maybe in the coming fiscal year we will start to take some debt.
Arun Agraal · Kotic Securities
partialOur ref bar grew by about 17% for the quarter and we should basically we need to give the operating hotels the flexibility to work within occupancy and ADR... as long as we see bar increasing I think that should be the biggest sign of growth.
Arun Agraal · Kotic Securities
directin terms of the coming year the capex that we need to put in could range between 400 to 500 crores for the additional nine hotels and apart from these also sort of includes your maintenance any upgradation cases for the existing property we put in about 10 crores thus far in the last 9 months.
Adi Dave Chhatadhay · ICICI Securities
directFor the Hyderabad intercontinental we've already started the construction but of course the hotel comes only after the 32nd floor... Grand Hyatt... we are awaiting one approval environmental clearance and then we're good to start the construction.
Prashant · Individual investor
directCurrently if I look at it from a portfolio level about 30% comes from corporate business. 20% comes from groups and the retail business has moved quite significantly to 50%.
Pulkit Chavela · BNK Securities
directIn our particular micro markets we don't see any major supply coming in... we are targeting better yield on the ADR which we are doing continuously for the last several quarters. So this trend we are seeing to continue... we will be able to maintain our mid-teens kind of repar growth.
