Share the post "Taj GVK Hotels & Resorts announced Financial Results Q1 2024"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 1.32 % in the past year, decrease in net sales/revenue by -19.88 %.
- 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 78.03 %. Marginal decrease of -0.81% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Taj GVK Hotels & Resorts Limited. Notable increase of 3.16 % in net profit Year to Year, Taj GVK Hotels & Resorts Limited’s profitability dropped by -45.59 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 3.04 % Year to Year. EPS decreased by -45.58 % 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. 91.6 Cr | Rs. 115.84 Cr | Rs. 92.81 Cr | -19.88 % | + 1.32 % |
| Expenses | Rs. 65.42 Cr | Rs. 74.95 Cr | Rs. 66.11 Cr | -11.79 % | + 1.05 % |
| Operating Profit | Rs. 26.18 Cr | Rs. 40.89 Cr | Rs. 26.7 Cr | -34.7 % | + 1.99 % |
| OPM % | 28.58 % | 35.3 % | 28.77 % | -6.53 % | + 0.19 % |
| Other Income | Rs. 3.46 Cr | Rs. 6.21 Cr | Rs. 6.16 Cr | -0.81 % | + 78.03 % |
| Interest | Rs. 3.4 Cr | Rs. 3.32 Cr | Rs. 2.5 Cr | -24.7 % | -26.47 % |
| Depreciation | Rs. 3.6 Cr | Rs. 3.32 Cr | Rs. 3.3 Cr | -0.6 % | -8.33 % |
| Profit before tax | Rs. 22.64 Cr | Rs. 40.46 Cr | Rs. 27.06 Cr | -33.12 % | + 19.52 % |
| Tax % | 31.87 % | 26.35 % | 44.23 % | + 17.88 % | + 12.36 % |
| Net Profit | Rs. 16.46 Cr | Rs. 31.21 Cr | Rs. 16.98 Cr | -45.59 % | + 3.16 % |
| EPS in Rs | Rs. 2.63 | Rs. 4.98 | Rs. 2.71 | -45.58 % | + 3.04 % |
Today, we’re looking at Taj GVK Hotels & Resorts Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 1.32 %. However, it did see a marginal slip of -19.88 % from the previous quarter. Expenses decreased slightly by -11.79 % quarter-on-quarter, aligning with the annual rise of 1.05 %. Operating profit, while up 1.99 % compared to last year, faced a quarter-on-quarter dip of -34.7 %, 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 0.19 %, but a shrinkage of -6.53 % sequentially. Other income fell by -0.81 % compared to the last quarter, despite an annual growth of 78.03 %. Interest expenses dropped significantly by -24.7 % from the previous quarter, yet the year-over-year decrease remains at a moderate -26.47 %. Depreciation costs fell by -0.6 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -8.33 %. Profit before tax grew annually by 19.52 % but saw a reduction from the preceding quarter by -33.12 %.
Tax expenses as a percentage of profits increased slightly by 12.36 % compared to last year, with a more notable quarter-on-quarter increase of 17.88 %. Net profit rose by 3.16 % year-on-year but witnessed a -45.59 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.04 % but a quarterly fall of -45.58 %. In summary, Taj GVK Hotels & Resorts 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. 91.6 Cr | Rs. 115.84 Cr | Rs. 92.81 Cr | -19.88 % | + 1.32 % |
| Expenses | Rs. 65.42 Cr | Rs. 74.95 Cr | Rs. 66.11 Cr | -11.79 % | + 1.05 % |
| Operating Profit | Rs. 26.18 Cr | Rs. 40.89 Cr | Rs. 26.7 Cr | -34.7 % | + 1.99 % |
| Net Profit | Rs. 16.46 Cr | Rs. 31.21 Cr | Rs. 16.98 Cr | -45.59 % | + 3.16 % |
| EPS in Rs | Rs. 2.63 | Rs. 4.98 | Rs. 2.71 | -45.58 % | + 3.04 % |
In reviewing Taj GVK Hotels & Resorts Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.32 % year-on-year growth, although there was a slight dip of -19.88 % from the previous quarter. Expenses rose by 1.05 % compared to the previous year, with a decrease of -11.79 % quarter-on-quarter. Operating Profit surged by 1.99 % annually, and saw a -34.7 % decrease from the last quarter.
Net Profit showed yearly increase of 3.16 %, and experienced a -45.59 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 3.04 % annually, however dipped by -45.58 % compared to the last quarter. In essence, while Taj GVK Hotels & Resorts Limited 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.
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