Share the post "EIH Associated Hotels announced Financial Results Q1 2024"
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 -3.56 % over the year, decrease in net sales/revenue by -51.33 %.
- 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 33.58 %. Marginal increase in other income during this quarter, up by 18.98%.
- Profit over the Year and quarter: Challenges in sustaining profitability for EIH Associated Hotels Limited. Profit dropped by -50.61 % Year to Year, EIH Associated Hotels Limited’s profitability dropped by -90.28 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -50.84 % Year to Year. EPS decreased by -90.31 % 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. 66.86 Cr | Rs. 132.5 Cr | Rs. 64.482 Cr | -51.33 % | -3.56 % |
Expenses | Rs. 56.36 Cr | Rs. 82.44 Cr | Rs. 59.69 Cr | -27.6 % | + 5.91 % |
Operating Profit | Rs. 10.5 Cr | Rs. 50.06 Cr | Rs. 4.79 Cr | -90.43 % | -54.38 % |
OPM % | 15.7 % | 37.78 % | 7.43 % | -30.35 % | -8.27 % |
Other Income | Rs. 3.365 Cr | Rs. 3.778 Cr | Rs. 4.495 Cr | + 18.98 % | + 33.58 % |
Interest | Rs. 0.14 Cr | Rs. 0.1 Cr | Rs. 0.11 Cr | + 10 % | -21.43 % |
Depreciation | Rs. 4.04 Cr | Rs. 4.31 Cr | Rs. 4.35 Cr | + 0.93 % | + 7.67 % |
Profit before tax | Rs. 9.69 Cr | Rs. 49.43 Cr | Rs. 4.83 Cr | -90.23 % | -50.15 % |
Tax % | 25.16 % | 25.52 % | 25.85 % | + 0.33 % | + 0.69 % |
Net Profit | Rs. 7.25 Cr | Rs. 36.81 Cr | Rs. 3.58 Cr | -90.27 % | -50.62 % |
EPS in Rs | Rs. 2.38 | Rs. 12.08 | Rs. 1.17 | -90.31 % | -50.84 % |
Today, we’re looking at EIH Associated Hotels Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -3.56 %. However, it did see a marginal slip of -51.33 % from the previous quarter. Expenses decreased slightly by -27.6 % quarter-on-quarter, aligning with the annual rise of 5.91 %. Operating profit, while down -54.38 % compared to last year, faced a quarter-on-quarter dip of -90.43 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -8.27 %, but a shrinkage of -30.35 % sequentially. Other income rose by 18.98 % compared to the last quarter, despite an annual growth of 33.58 %. Interest expenses surged remarkably by 10 % from the previous quarter, yet the year-over-year decrease remains at a moderate -21.43 %. Depreciation costs climbed by 0.93 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.67 %. Profit before tax declined annually by -50.15 % but saw a reduction from the preceding quarter by -90.23 %.
Tax expenses as a percentage of profits increased slightly by 0.69 % compared to last year, with a more notable quarter-on-quarter increase of 0.33 %. Net profit fell by -50.62 % year-on-year but witnessed a -90.27 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -50.84 % but a quarterly fall of -90.31 %. In summary, EIH Associated Hotels Limited’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. 66.86 Cr | Rs. 132.5 Cr | Rs. 64.482 Cr | -51.33 % | -3.56 % |
Expenses | Rs. 56.36 Cr | Rs. 82.44 Cr | Rs. 59.69 Cr | -27.6 % | + 5.91 % |
Operating Profit | Rs. 10.5 Cr | Rs. 50.06 Cr | Rs. 4.79 Cr | -90.43 % | -54.38 % |
Net Profit | Rs. 7.25 Cr | Rs. 36.81 Cr | Rs. 3.58 Cr | -90.27 % | -50.62 % |
EPS in Rs | Rs. 2.38 | Rs. 12.08 | Rs. 1.17 | -90.31 % | -50.84 % |
In reviewing EIH Associated Hotels Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.56 % year-on-year, although there was a slight dip of -51.33 % from the previous quarter. Expenses rose by 5.91 % compared to the previous year, with a decrease of -27.6 % quarter-on-quarter. Operating Profit dropped by -54.38 % annually, and saw a -90.43 % decrease from the last quarter.
Net Profit showed yearly decrease of -50.62 %, and experienced a -90.27 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -50.84 % annually, however dipped by -90.31 % compared to the last quarter. In essence, while EIH Associated Hotels Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.