Share the post "Ras Resorts & Apart Hotels : Q1 2024 Financial Quarterly Report : YoY Sales Up 7.03 %, QoQ Down 16.25 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 7.03 % in the past year, decrease in net sales/revenue by -16.25 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -14.29 %,
- Profit over the Year and quarter: Challenges in sustaining profitability for Ras Resorts & Apart Hotels Ltd.,. Profit dropped by -11933.33 % Year to Year, Ras Resorts & Apart Hotels Ltd.,’s profitability dropped by -29.98 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -9,000.00 % Year to Year. EPS decreased by -65.23 % 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. 3.057 Cr | Rs. 3.907 Cr | Rs. 3.272 Cr | -16.25 % | + 7.03 % |
| Expenses | Rs. 2.84 Cr | Rs. 3.27 Cr | Rs. 2.8 Cr | -14.37 % | -1.41 % |
| Operating Profit | Rs. 0.22 Cr | Rs. 0.64 Cr | Rs. 0.47 Cr | -26.56 % | + 113.64 % |
| OPM % | 7.2 % | 16.38 % | 14.36 % | -2.02 % | + 7.16 % |
| Other Income | Rs. 0.07 Cr | Rs. 0 Cr | Rs. 0.06 Cr | 0 % | -14.29 % |
| Interest | Rs. 0.16 Cr | Rs. 0.1 Cr | Rs. 0.14 Cr | + 40 % | -12.5 % |
| Depreciation | Rs. 0.12 Cr | Rs. 0.19 Cr | Rs. 0.14 Cr | -26.32 % | + 16.67 % |
| Profit before tax | Rs. 0.01 Cr | Rs. 0.35 Cr | Rs. 0.25 Cr | -28.57 % | + 2400 % |
| Tax % | 150 % | 46.53 % | 43.55 % | -2.98 % | -106.45 % |
| Net Profit | Rs. -0 Cr | Rs. 0.51 Cr | Rs. 0.36 Cr | -29.41 % | 0 % |
| EPS in Rs | Rs. -0.01 | Rs. 2.56 | Rs. 0.89 | -65.23 % | + 9000 % |
Today, we’re looking at Ras Resorts & Apart Hotels Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 7.03 %. However, it did see a marginal slip of -16.25 % from the previous quarter. Expenses decreased slightly by -14.37 % quarter-on-quarter, aligning with the annual decline of -1.41 %. Operating profit, while up 113.64 % compared to last year, faced a quarter-on-quarter dip of -26.56 %, 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 7.16 %, but a shrinkage of -2.02 % sequentially. despite an annual decline of -14.29 %. Interest expenses surged remarkably by 40 % from the previous quarter, yet the year-over-year decrease remains at a moderate -12.5 %. Depreciation costs fell by -26.32 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 16.67 %. Profit before tax grew annually by 2400 % but saw a reduction from the preceding quarter by -28.57 %.
Tax expenses as a percentage of profits decreased slightly by -106.45 % compared to last year, with a more notable quarter-on-quarter decrease of -2.98 %. but witnessed a -29.41 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 9000 % but a quarterly fall of -65.23 %. In summary, Ras Resorts & Apart 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. 3.057 Cr | Rs. 3.907 Cr | Rs. 3.272 Cr | -16.25 % | + 7.03 % |
| Expenses | Rs. 2.84 Cr | Rs. 3.27 Cr | Rs. 2.8 Cr | -14.37 % | -1.41 % |
| Operating Profit | Rs. 0.22 Cr | Rs. 0.64 Cr | Rs. 0.47 Cr | -26.56 % | + 113.64 % |
| Net Profit | Rs. -0 Cr | Rs. 0.51 Cr | Rs. 0.36 Cr | -29.41 % | 0 % |
| EPS in Rs | Rs. -0.01 | Rs. 2.56 | Rs. 0.89 | -65.23 % | + 9000 % |
In reviewing Ras Resorts & Apart Hotels Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.03 % year-on-year growth, although there was a slight dip of -16.25 % from the previous quarter. Expenses decreased by -1.41 % compared to the previous year, with a decrease of -14.37 % quarter-on-quarter. Operating Profit surged by 113.64 % annually, and saw a -26.56 % decrease from the last quarter.
and experienced a -29.41 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 9000 % annually, however dipped by -65.23 % compared to the last quarter. In essence, while Ras Resorts & Apart 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.
