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Highlights
- Sales over the Year and quarter: The company’s sales declined by -9.67 % over the year, decrease in net sales/revenue by -35.35 %.
- 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 110.94 %. Marginal increase in other income during this quarter, up by 27.36%.
- Profit over the Year and quarter: Significant improvement in profitability for Benares Hotels Ltd. Notable increase of 2.06 % in net profit Year to Year, Benares Hotels Ltd’s profitability dropped by -44.52 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 2.08 % Year to Year. EPS decreased by -44.52 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 25.468 Cr | Rs. 35.581 Cr | Rs. 23.004 Cr | -35.35 % | -9.67 % |
Expenses | Rs. 16.07 Cr | Rs. 19.74 Cr | Rs. 14.15 Cr | -28.32 % | -11.95 % |
Operating Profit | Rs. 9.4 Cr | Rs. 15.84 Cr | Rs. 8.85 Cr | -44.13 % | -5.85 % |
OPM % | 36.91 % | 44.52 % | 38.47 % | -6.05 % | + 1.56 % |
Other Income | Rs. 0.64 Cr | Rs. 1.06 Cr | Rs. 1.35 Cr | + 27.36 % | + 110.94 % |
Interest | Rs. 0.09 Cr | Rs. 0.09 Cr | Rs. 0.1 Cr | + 11.11 % | + 11.11 % |
Depreciation | Rs. 1.49 Cr | Rs. 1.45 Cr | Rs. 1.49 Cr | + 2.76 % | + 0 % |
Profit before tax | Rs. 8.46 Cr | Rs. 15.36 Cr | Rs. 8.61 Cr | -43.95 % | + 1.77 % |
Tax % | 25.56 % | 24.55 % | 25.25 % | + 0.7 % | -0.31 % |
Net Profit | Rs. 6.3 Cr | Rs. 11.59 Cr | Rs. 6.43 Cr | -44.52 % | + 2.06 % |
EPS in Rs | Rs. 48.47 | Rs. 89.18 | Rs. 49.48 | -44.52 % | + 2.08 % |
Today, we’re looking at Benares Hotels Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -9.67 %. However, it did see a marginal slip of -35.35 % from the previous quarter. Expenses decreased slightly by -28.32 % quarter-on-quarter, aligning with the annual decline of -11.95 %. Operating profit, while down -5.85 % compared to last year, faced a quarter-on-quarter dip of -44.13 %, 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 1.56 %, but a shrinkage of -6.05 % sequentially. Other income rose by 27.36 % compared to the last quarter, despite an annual growth of 110.94 %. Interest expenses surged remarkably by 11.11 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.11 %. Depreciation costs climbed by 2.76 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 1.77 % but saw a reduction from the preceding quarter by -43.95 %.
Tax expenses as a percentage of profits decreased slightly by -0.31 % compared to last year, with a more notable quarter-on-quarter increase of 0.7 %. Net profit rose by 2.06 % year-on-year but witnessed a -44.52 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 2.08 % but a quarterly fall of -44.52 %. 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. 25.468 Cr | Rs. 35.581 Cr | Rs. 23.004 Cr | -35.35 % | -9.67 % |
Expenses | Rs. 16.07 Cr | Rs. 19.74 Cr | Rs. 14.15 Cr | -28.32 % | -11.95 % |
Operating Profit | Rs. 9.4 Cr | Rs. 15.84 Cr | Rs. 8.85 Cr | -44.13 % | -5.85 % |
Net Profit | Rs. 6.3 Cr | Rs. 11.59 Cr | Rs. 6.43 Cr | -44.52 % | + 2.06 % |
EPS in Rs | Rs. 48.47 | Rs. 89.18 | Rs. 49.48 | -44.52 % | + 2.08 % |
In reviewing Benares Hotels Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -9.67 % year-on-year, although there was a slight dip of -35.35 % from the previous quarter. Expenses decreased by -11.95 % compared to the previous year, with a decrease of -28.32 % quarter-on-quarter. Operating Profit dropped by -5.85 % annually, and saw a -44.13 % decrease from the last quarter.
Net Profit showed yearly increase of 2.06 %, and experienced a -44.52 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 2.08 % annually, however dipped by -44.52 % compared to the last quarter. In essence, while Benares Hotels Ltd exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.