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.
| 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.
