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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 37.8 % in the past year, substantial increase in net sales/revenue by 20.91 %.
- 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 240 %. Marginal increase in other income during this quarter, up by 1600%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Howard Hotels Limited. Profit dropped by -95.3 % Year to Year, Howard Hotels Limited’s profitability dropped by -97.63 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -96.30 % Year to Year. EPS decreased by -98.13 % 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. 3.357 Cr | Rs. 3.826 Cr | Rs. 4.626 Cr | + 20.91 % | + 37.8 % |
Expenses | Rs. 2.37 Cr | Rs. 2.64 Cr | Rs. 4.24 Cr | + 60.61 % | + 78.9 % |
Operating Profit | Rs. 0.99 Cr | Rs. 1.19 Cr | Rs. 0.39 Cr | -67.23 % | -60.61 % |
OPM % | 29.49 % | 31.1 % | 8.43 % | -22.67 % | -21.06 % |
Other Income | Rs. 0.05 Cr | Rs. 0.01 Cr | Rs. 0.17 Cr | + 1600 % | + 240 % |
Interest | Rs. 0.02 Cr | Rs. 0.05 Cr | Rs. 0.05 Cr | + 0 % | + 150 % |
Depreciation | Rs. 0.09 Cr | Rs. 0.18 Cr | Rs. 0.16 Cr | -11.11 % | + 77.78 % |
Profit before tax | Rs. 0.93 Cr | Rs. 0.97 Cr | Rs. 0.35 Cr | -63.92 % | -62.37 % |
Tax % | 46.79 % | 0 % | 93.66 % | + 93.66 % | + 46.87 % |
Net Profit | Rs. 0.49 Cr | Rs. 0.97 Cr | Rs. 0.02 Cr | -97.94 % | -95.92 % |
EPS in Rs | Rs. 0.54 | Rs. 1.07 | Rs. 0.02 | -98.13 % | -96.3 % |
Today, we’re looking at Howard Hotels Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 37.8 %. However, it did see a marginal increase of 20.91 % from the previous quarter. Expenses ticked up slightly by 60.61 % quarter-on-quarter, aligning with the annual rise of 78.9 %. Operating profit, while down -60.61 % compared to last year, faced a quarter-on-quarter dip of -67.23 %, 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 -21.06 %, but a shrinkage of -22.67 % sequentially. Other income rose by 1600 % compared to the last quarter, despite an annual growth of 240 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 150 %. Depreciation costs fell by -11.11 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 77.78 %. Profit before tax declined annually by -62.37 % but saw a reduction from the preceding quarter by -63.92 %.
Tax expenses as a percentage of profits increased slightly by 46.87 % compared to last year, with a more notable quarter-on-quarter increase of 93.66 %. Net profit fell by -95.92 % year-on-year but witnessed a -97.94 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -96.3 % but a quarterly fall of -98.13 %. In summary, Howard 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. 3.357 Cr | Rs. 3.826 Cr | Rs. 4.626 Cr | + 20.91 % | + 37.8 % |
Expenses | Rs. 2.37 Cr | Rs. 2.64 Cr | Rs. 4.24 Cr | + 60.61 % | + 78.9 % |
Operating Profit | Rs. 0.99 Cr | Rs. 1.19 Cr | Rs. 0.39 Cr | -67.23 % | -60.61 % |
Net Profit | Rs. 0.49 Cr | Rs. 0.97 Cr | Rs. 0.02 Cr | -97.94 % | -95.92 % |
EPS in Rs | Rs. 0.54 | Rs. 1.07 | Rs. 0.02 | -98.13 % | -96.3 % |
In reviewing Howard Hotels Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 37.8 % year-on-year growth, however, there was a minor increase of 20.91 % from the previous quarter. Expenses rose by 78.9 % compared to the previous year, with a 60.61 % increase quarter-on-quarter. Operating Profit dropped by -60.61 % annually, and saw a -67.23 % decrease from the last quarter.
Net Profit showed yearly decrease of -95.92 %, and experienced a -97.94 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -96.3 % annually, however dipped by -98.13 % compared to the last quarter. In essence, while Howard 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.