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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -2.37 % over the year, decrease in net sales/revenue by -33.89 %.
- 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 219.05 %. Marginal increase in other income during this quarter, up by 131.03%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Graviss Hospitality Ltd. Profit dropped by -380 % Year to Year, Graviss Hospitality Ltd’s profitability dropped by -169.31 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -433.33 % Year to Year. EPS decreased by -171.43 % 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. 11.39 Cr | Rs. 16.82 Cr | Rs. 11.12 Cr | -33.89 % | -2.37 % |
| Expenses | Rs. 10.14 Cr | Rs. 15.07 Cr | Rs. 10.95 Cr | -27.34 % | + 7.99 % |
| Operating Profit | Rs. 1.25 Cr | Rs. 1.75 Cr | Rs. 0.17 Cr | -90.29 % | -86.4 % |
| OPM % | 10.97 % | 10.4 % | 1.53 % | -8.87 % | -9.44 % |
| Other Income | Rs. 0.21 Cr | Rs. 0.29 Cr | Rs. 0.67 Cr | + 131.03 % | + 219.05 % |
| Interest | Rs. 0.02 Cr | Rs. 0.03 Cr | Rs. 0.16 Cr | + 433.33 % | + 700 % |
| Depreciation | Rs. 0.94 Cr | Rs. 0.98 Cr | Rs. 1.45 Cr | + 47.96 % | + 54.26 % |
| Profit before tax | Rs. 0.5 Cr | Rs. 1.03 Cr | Rs. -0.77 Cr | -174.76 % | -254 % |
| Tax % | 50 % | 1.94 % | -7.79 % | -9.73 % | -57.79 % |
| Net Profit | Rs. 0.25 Cr | Rs. 1.01 Cr | Rs. -0.7 Cr | -169.31 % | -380 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.14 | Rs. -0.1 | -171.43 % | -433.33 % |
Today, we’re looking at Graviss Hospitality 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 -2.37 %. However, it did see a marginal slip of -33.89 % from the previous quarter. Expenses decreased slightly by -27.34 % quarter-on-quarter, aligning with the annual rise of 7.99 %. Operating profit, while down -86.4 % compared to last year, faced a quarter-on-quarter dip of -90.29 %, 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 -9.44 %, but a shrinkage of -8.87 % sequentially. Other income rose by 131.03 % compared to the last quarter, despite an annual growth of 219.05 %. Interest expenses surged remarkably by 433.33 % from the previous quarter, yet the year-over-year increase remains at a moderate 700 %. Depreciation costs climbed by 47.96 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 54.26 %. Profit before tax declined annually by -254 % but saw a reduction from the preceding quarter by -174.76 %.
Tax expenses as a percentage of profits decreased slightly by -57.79 % compared to last year, with a more notable quarter-on-quarter decrease of -9.73 %. Net profit fell by -380 % year-on-year but witnessed a -169.31 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -433.33 % but a quarterly fall of -171.43 %. In summary, Graviss Hospitality 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. 11.39 Cr | Rs. 16.82 Cr | Rs. 11.12 Cr | -33.89 % | -2.37 % |
| Expenses | Rs. 10.14 Cr | Rs. 15.07 Cr | Rs. 10.95 Cr | -27.34 % | + 7.99 % |
| Operating Profit | Rs. 1.25 Cr | Rs. 1.75 Cr | Rs. 0.17 Cr | -90.29 % | -86.4 % |
| Net Profit | Rs. 0.25 Cr | Rs. 1.01 Cr | Rs. -0.7 Cr | -169.31 % | -380 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.14 | Rs. -0.1 | -171.43 % | -433.33 % |
In reviewing Graviss Hospitality Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.37 % year-on-year, although there was a slight dip of -33.89 % from the previous quarter. Expenses rose by 7.99 % compared to the previous year, with a decrease of -27.34 % quarter-on-quarter. Operating Profit dropped by -86.4 % annually, and saw a -90.29 % decrease from the last quarter.
Net Profit showed yearly decrease of -380 %, and experienced a -169.31 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -433.33 % annually, however dipped by -171.43 % compared to the last quarter. In essence, while Graviss Hospitality Ltd 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.
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