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Sterling Holiday Resorts Ltd. declared its results for Q3 FY25 and announced that it has been the strongest ever quarter performance for Sterling, following 18 consecutive quarters of profitable growth. Traditionally, for Sterling, Q1 has always been its most significant and strongest quarter for any Financial Year. The Q3 results have exceeded Q1 on account of the portfolio balancing that the company had undertaken as part of its expansion plans – thus expanding its revenue base in quarters other than Q1.
Commenting on the results, Mr. Vikram Lalvani, MD & CEO Sterling Holiday Resorts said, “Sterling has seen the strongest ever quarter in its history. The results indicate the growing strength of Sterling, becoming the preferred brand for an increasing number of customers and comes on the back of a quarter with strong holiday demand, coupled with the increase of supply through our active expansion of resorts.”
On a YTD basis, Sterling has had a 14% growth in income at Rs. 3,842 Mn and a 35% EBITDA.Sterling has also launched its ESG initiative, Sterling Sankalp – having undertaken several initiatives under Energy Efficiency, Waste Management and Water conservation across several resorts like: Heat pumps for Energy Conservation, Organic Waste Convertors for Waste Management and Water-recycling and Rainwater Harvesting.