Sterling Holiday Resorts Ltd. has reported its strongest-ever quarterly performance in Q3 FY25, marking 18 consecutive quarters of profitable growth. Traditionally, Q1 has been the company’s strongest quarter, but Q3 has now surpassed it due to portfolio expansion efforts that have helped balance revenue streams throughout the year.
The company recorded double-digit growth across key financial metrics, with income rising 12% year-on-year (YoY) to ₹1,389 million. EBITDA saw a 14% increase, with a margin of 38.8%, while EBIT grew 13% YoY. On a year-to-date (YTD) basis, Sterling reported a 14% increase in income, reaching ₹3,842 million, and a 35% rise in EBITDA.
Vikram Lalvani, MD & CEO of Sterling Holiday Resorts, attributed the record-breaking performance to growing customer preference for the brand, strong holiday demand, and an expanding resort portfolio. Sterling currently operates 57 resorts, hotels, and retreats across 48 destinations in the upper-mid, upscale, and upper-upscale segments. During Q3, the company launched three new resorts—Sterling Lontano Waterfront Wayanad (Kerala), Sterling Brookstone Coorg (Karnataka), and Sterling Bagh Ranthambore (Rajasthan). Over the past 18 months, Sterling has opened an average of one resort per month and has a strong pipeline of upcoming destinations.
The company’s food and beverage segment also saw significant growth, with a 20% YoY increase, driven by experiential dining options and expanded dining facilities across its resorts.
In addition to financial success, Sterling has launched its comprehensive ESG initiative, Sterling Sankalp, which includes measures for energy efficiency, waste management, and water conservation. Key initiatives include the installation of heat pumps for energy conservation, organic waste converters for waste management, and water recycling and rainwater harvesting systems at multiple resorts.
With a presence in 48 destinations across India, including popular locations such as Goa, Manali, Ooty, Udaipur, and Ranthambore, Sterling continues to strengthen its position as a leading hospitality brand, catering to leisure travelers, MICE events, destination weddings, and group travel experiences.
