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Benares Hotels announces Q2 results: Profit Rises by 5.26% YoY

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Highlights

  • The presented financial data is Standalone to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company’s sales declined by -5.52 % over the year, substantial increase in net sales/revenue by 6.39 %.
  • 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 84.55 %. Marginal decrease of -7.8% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Benares Hotels Ltd. Notable increase of 5.26 % in net profit Year to Year, Benares Hotels Ltd’s profitability increased by 11.99 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 5.26 % Year to Year. EPS increased by 11.98 % in previous quarter. Positive impact on shareholders.

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. 25.904 Cr Rs. 23.004 Cr Rs. 24.474 Cr + 6.39 % -5.52 %
Expenses Rs. 15.88 Cr Rs. 14.15 Cr Rs. 14.41 Cr + 1.84 % -9.26 %
Operating Profit Rs. 10.02 Cr Rs. 8.85 Cr Rs. 10.06 Cr + 13.67 % + 0.4 %
OPM % 38.68 % 38.47 % 41.1 % + 2.63 % + 2.42 %
Other Income Rs. 0.673 Cr Rs. 1.347 Cr Rs. 1.242 Cr -7.8 % + 84.55 %
Interest Rs. 0.09 Cr Rs. 0.1 Cr Rs. 0.1 Cr + 0 % + 11.11 %
Depreciation Rs. 1.48 Cr Rs. 1.49 Cr Rs. 1.53 Cr + 2.68 % + 3.38 %
Profit before tax Rs. 9.12 Cr Rs. 8.61 Cr Rs. 9.67 Cr + 12.31 % + 6.03 %
Tax % 25.03 % 25.25 % 25.6 % + 0.35 % + 0.57 %
Net Profit Rs. 6.84 Cr Rs. 6.43 Cr Rs. 7.2 Cr + 11.98 % + 5.26 %
EPS in Rs Rs. 52.64 Rs. 49.48 Rs. 55.41 + 11.98 % + 5.26 %


Today, we’re looking at Benares Hotels Ltd’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -5.52 %. However, it did see a marginal increase of 6.39 % from the previous quarter. Expenses ticked up slightly by 1.84 % quarter-on-quarter, aligning with the annual decline of -9.26 %. Operating profit, while up 0.4 % compared to last year, faced a quarter-on-quarter increase of 13.67 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.42 %, but an expansion of 2.63 % sequentially. Other income fell by -7.8 % compared to the last quarter, despite an annual growth of 84.55 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.11 %. Depreciation costs climbed by 2.68 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.38 %. Profit before tax grew annually by 6.03 % but saw an increase from the preceding quarter by 12.31 %.
Tax expenses as a percentage of profits increased slightly by 0.57 % compared to last year, with a more notable quarter-on-quarter increase of 0.35 %. Net profit rose by 5.26 % year-on-year but experienced a 11.98 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 5.26 % but a quarterly rise of 11.98 %. 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. 25.904 Cr Rs. 23.004 Cr Rs. 24.474 Cr + 6.39 % -5.52 %
Expenses Rs. 15.88 Cr Rs. 14.15 Cr Rs. 14.41 Cr + 1.84 % -9.26 %
Operating Profit Rs. 10.02 Cr Rs. 8.85 Cr Rs. 10.06 Cr + 13.67 % + 0.4 %
Net Profit Rs. 6.84 Cr Rs. 6.43 Cr Rs. 7.2 Cr + 11.98 % + 5.26 %
EPS in Rs Rs. 52.64 Rs. 49.48 Rs. 55.41 + 11.98 % + 5.26 %


In reviewing Benares Hotels Ltd’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.52 % year-on-year, however, there was a minor increase of 6.39 % from the previous quarter. Expenses decreased by -9.26 % compared to the previous year, with a 1.84 % increase quarter-on-quarter. Operating Profit surged by 0.4 % annually, and saw a 13.67 % increase from the last quarter.
Net Profit showed yearly increase of 5.26 %, and experienced a 11.98 % increase from the previous quarter. Earnings Per Share (EPS) rose by 5.26 % annually, however rose by 11.98 % 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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