Chennai – Sterling Holiday Resorts Ltd. has announced its strongest-ever third-quarter performance for FY25, marking a significant milestone in the company’s history. The company reported a 12% year-on-year (YoY) growth in income, reaching Rs. 1,389 million, with a 14% increase in EBITDA and a 13% rise in EBIT. This exceptional performance comes as the company continues its 18 consecutive quarters of profitable growth, driven by strategic expansion and portfolio diversification.
Traditionally, Q1 has been the strongest quarter for Sterling, but Q3 FY25 exceeded expectations due to a well-executed portfolio balancing strategy. The company’s proactive approach to expansion has resulted in increased revenue from quarters other than Q1, reflecting Sterling’s growing brand strength and broader market appeal.
“Q3 FY25 has been our strongest-ever quarter, signaling the increasing strength of the Sterling brand as we become the preferred choice for an expanding customer base,” said Vikram Lalvani, Managing Director & CEO of Sterling Holiday Resorts. “The growth in income and EBITDA comes on the back of strong holiday demand, combined with our active resort expansion, which has enhanced our revenue streams.”
Sterling’s resort portfolio now spans 48 locations across India, with 57 resorts, hotels, and retreats operating in the upper-mid, upscale, and upper-upscale segments. In Q3, the company launched three new resorts: Sterling Lontano Waterfront Wayanad in Kerala, Sterling Brookstone Coorg in Karnataka, and Sterling Bagh Ranthambore in Rajasthan. Sterling has maintained a steady expansion pace, opening an average of one new resort per month over the past 18 months, with a strong pipeline for further growth.
The company’s food and beverage business also showed healthy growth, reporting a 20% YoY increase. This success is attributed to Sterling’s focus on providing diverse and experiential dining options across its properties, adding to the overall guest experience.
On a year-to-date (YTD) basis, Sterling has reported a 14% growth in income, totaling Rs. 3,842 million, with EBITDA growth of 35%.
In addition to its financial success, Sterling Holiday Resorts has launched its Environmental, Social, and Governance (ESG) initiative, Sterling Sankalp. The initiative focuses on energy efficiency, waste management, and water conservation, with sustainable practices such as heat pumps for energy conservation, organic waste converters, and water-recycling systems being implemented across several resorts.
With its continued growth and commitment to sustainability, Sterling Holiday Resorts is set to further strengthen its position as a leader in India’s hospitality industry.
