Ventive Hospitality Limited Q3 Results And Investor Presentation Decent Topline Growth With Significant Margin Expansion 👏 Continues To Maintain Industry's Most Superior Metrics With Operational Efficiencies Rev : 492➡️566 Cr EBITDA : 212➡️277.6 Cr Margin : 43%➡️49% 🤩 PAT : 43.4➡️79.8 Cr (PAT Comparison At Consol Level Isn't Available So Q3 FY24 Is Taken At Standalone Level And Q3 FY25 is At Consol Level, The Exceptional Item And Adjustment Made On the Course Of Foreign Exchange Gains) ▪︎ Ventive Hospitality Repays 1,400 Cr Debt Raised From IPO Proceeds Net Debt : 3,199 ➡️ 1,732 Cr ▪︎ Company Refinances Borrowings In The Maldivian Entities And Reduces 210 BPS in Finance Costs ▪︎ From Next Quarter (Q4), The Saving of interest Cost Will Bump Up The PAT Significantly Operational Metrics : ▪︎ RevPar : 12,537➡️13,573 India Hospitality – ▪︎ ADR : 10,378➡️11,275 ▪︎ Occupancy : 62➡️64% ▪︎ RevPar : 6,418➡️7,181 Maldives Hospitality – ▪︎ TRevPar : 63,124➡️69,906 ▪︎ Occupancy : 56➡️59% Average Interest Cost At 8.3% (Most Superior in The Industry) ▪︎ Cash And Cash Equivalents : 374 Cr ▪︎ Expansion : – Expansion And Development in Bengaluru – Brownfield Development in Varanasi (Near Airport) – Greenfield Development in Sri Lanka (Near Yala East National Park) ▪︎ The Raaya By Atmosphere, The Super Luxury Property in Maldives Portfolio, Isn't Consolidated In The Results, This Will be Consolidated From Q4 Results ▪︎ Q4 Is The Strongest Quarter For The Company And Debt Repayment Will Help In Achieving Significant PAT Growth 9M FY25 – Rev : 1,442 Cr (17%⬆️) EBITDA : 641 Cr (33%⬆️) Q4 is Generally ~35% Of The Complete Year (This Excludes The Raaya By Atmosphere Property, Which Can Increase The Q4 Topline By 7-10% By Calculating All These Figures, Company Is On Track To Cross 1150 Cr+ EBITDA in FY25 Currently Trading At 15× FY25E EV/EBITDA Hope We See Some Institutional Coverage On India's Largest Luxury Focused Hospitality Platform Soon 🤞