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Benares Hotels Ltd’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Key Metrics and Growth Analysis

April 25, 2024April 25, 2024| adminadmin| 0 Comments| 6:40 am
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 29.40% in the past year Substantial increase in net sales/revenue by 5.86%.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 116.33%Marginal increase in other income during this quarter, up by 23.26%.
  • Profit over the Year and quarter: Significant improvement in profitability for Benares Hotels Ltd. Notable increase of 52.78% in net profit Year to YearBenares Hotels Ltd’s profitability increased by 2.55% in this quarter.
  • EPS over the Year and quarter: EPS increased by 52.78% Year to Year.EPS increased by 2.55%. Positive impact on shareholders.
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The comprehensive analytics outlining the performance and outlook of Benares Hotels Ltd”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 27.496 Cr Rs. 33.61 Cr Rs. 35.581 Cr + 5.86% + 29.4%
Expenses Rs. 16.27 Cr Rs. 17.75 Cr Rs. 19.74 Cr + 11.21% + 21.33%
Operating Profit Rs. 11.23 Cr Rs. 15.86 Cr Rs. 15.84 Cr -0.13% + 41.05%
OPM % 40.84 % 47.19 % 44.52 % -2.67% + 3.68%
Other Income Rs. 0.49 Cr Rs. 0.86 Cr Rs. 1.06 Cr + 23.26% + 116.33%
Interest Rs. 0.09 Cr Rs. 0.1 Cr Rs. 0.09 Cr -10% + 0%
Depreciation Rs. 1.48 Cr Rs. 1.49 Cr Rs. 1.45 Cr -2.68% -2.03%
Profit before tax Rs. 10.15 Cr Rs. 15.13 Cr Rs. 15.36 Cr + 1.52% + 51.33%
Tax % 25.23 % 25.27 % 24.55 % -0.72% -0.68%
Net Profit Rs. 7.59 Cr Rs. 11.31 Cr Rs. 11.59 Cr + 2.48% + 52.7%
EPS in Rs Rs. 58.37 Rs. 86.96 Rs. 89.18 + 2.55% + 52.78%


Today, we’re looking at Benares Hotels Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 29.4%. However, it did see a marginal increase of 5.86% from the previous quarter.Expenses ticked up slightly by 11.21% quarter-on-quarter, aligning with the annual rise of 21.33%. Operating profit, while up 41.05% compared to last year, faced a quarter-on-quarter dip of -0.13%, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.68%, but a shrinkage of -2.67% sequentially. Other income rose by 23.26% compared to the last quarter,despite an annual growth of 116.33%. Interest expenses dropped significantly by -10% from the previous quarter, yet the year-over-year increase remains at a moderate 0%. Depreciation costs fell by -2.68% quarter-on-quarter, yet on an annual scale, they experienced a reduction of -2.03%. Profit before tax grew annually by 51.33% but saw an increase from the preceding quarter by 1.52%.
Tax expenses as a percentage of profits decreased slightly by -0.68% compared to last year, with a more notable quarter-on-quarter decrease of -0.72%. Net profit rose by 52.7% year-on-year but experienced a 2.48% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 52.78% but a quarterly rise of 2.55%. In summary, Benares Hotels Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 27.496 Cr Rs. 33.61 Cr Rs. 35.581 Cr + 5.86% + 29.4%
Expenses Rs. 16.27 Cr Rs. 17.75 Cr Rs. 19.74 Cr + 11.21% + 21.33%
Operating Profit Rs. 11.23 Cr Rs. 15.86 Cr Rs. 15.84 Cr -0.13% + 41.05%
Net Profit Rs. 7.59 Cr Rs. 11.31 Cr Rs. 11.59 Cr + 2.48% + 52.7%
EPS in Rs Rs. 58.37 Rs. 86.96 Rs. 89.18 + 2.55% + 52.78%


In reviewing Benares Hotels Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.62% year-on-year growth, however, there was a minor increase of 5.86% from the previous quarter. Expenses rose by 21.33% compared to the previous year, with a 11.21% increase quarter-on-quarter. Operating Profit surged by 41.05% annually, and saw a -0.13% decrease from the last quarter.
Net Profit showed yearly increase of 52.7%, and experienced a 2.48% increase from the previous quarter. Earnings Per Share (EPS) rose by 52.78% annually, however rose by 2.55% compared to the last quarter. In essence, while Benares Hotels Ltd exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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