Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 11.79 % in the past year, substantial increase in net sales/revenue by 4.24 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -14.11 %, Marginal decrease of -15.63% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Taj GVK Hotels & Resorts Ltd.. Notable increase of 64 % in net profit Year to Year, Taj GVK Hotels & Resorts Ltd.’s profitability increased by 1.43 % in this quarter.
- EPS over the Year and quarter: EPS increased by 67.11 % Year to Year. EPS increased by 1.43 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 103.62 Cr | Rs. 111.13 Cr | Rs. 115.84 Cr | + 4.24 % | + 11.79 % |
| Expenses | Rs. 78.24 Cr | Rs. 70.78 Cr | Rs. 74.95 Cr | + 5.89 % | -4.21 % |
| Operating Profit | Rs. 25.38 Cr | Rs. 40.35 Cr | Rs. 40.89 Cr | + 1.34 % | + 61.11 % |
| OPM % | 24.49 % | 36.31 % | 35.3 % | -1.01 % | + 10.81 % |
| Other Income | Rs. 7.23 Cr | Rs. 7.36 Cr | Rs. 6.21 Cr | -15.63 % | -14.11 % |
| Interest | Rs. 3.63 Cr | Rs. 3.08 Cr | Rs. 3.32 Cr | + 7.79 % | -8.54 % |
| Depreciation | Rs. 3.62 Cr | Rs. 3.45 Cr | Rs. 3.32 Cr | -3.77 % | -8.29 % |
| Profit before tax | Rs. 25.36 Cr | Rs. 41.18 Cr | Rs. 40.46 Cr | -1.75 % | + 59.54 % |
| Tax % | 30.48 % | 30.07 % | 26.35 % | -3.72 % | -4.13 % |
| Net Profit | Rs. 19.03 Cr | Rs. 30.77 Cr | Rs. 31.21 Cr | + 1.43 % | + 64 % |
| EPS in Rs | Rs. 2.98 | Rs. 4.91 | Rs. 4.98 | + 1.43 % | + 67.11 % |
Today, we’re looking at Taj GVK Hotels & Resorts Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.79 %. However, it did see a marginal increase of 4.24 % from the previous quarter. Expenses ticked up slightly by 5.89 % quarter-on-quarter, aligning with the annual decline of -4.21 %. Operating profit, while up 61.11 % compared to last year, faced a quarter-on-quarter increase of 1.34 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 10.81 %, but a shrinkage of -1.01 % sequentially. Other income fell by -15.63 % compared to the last quarter, despite an annual decline of -14.11 %. Interest expenses surged remarkably by 7.79 % from the previous quarter, yet the year-over-year decrease remains at a moderate -8.54 %. Depreciation costs fell by -3.77 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -8.29 %. Profit before tax grew annually by 59.54 % but saw a reduction from the preceding quarter by -1.75 %.
Tax expenses as a percentage of profits decreased slightly by -4.13 % compared to last year, with a more notable quarter-on-quarter decrease of -3.72 %. Net profit rose by 64 % year-on-year but experienced a 1.43 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 67.11 % but a quarterly rise of 1.43 %. In summary, Taj GVK Hotels & Resorts 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. 103.62 Cr | Rs. 111.13 Cr | Rs. 115.84 Cr | + 4.24 % | + 11.79 % |
| Expenses | Rs. 78.24 Cr | Rs. 70.78 Cr | Rs. 74.95 Cr | + 5.89 % | -4.21 % |
| Operating Profit | Rs. 25.38 Cr | Rs. 40.35 Cr | Rs. 40.89 Cr | + 1.34 % | + 61.11 % |
| Net Profit | Rs. 19.03 Cr | Rs. 30.77 Cr | Rs. 31.21 Cr | + 1.43 % | + 64 % |
| EPS in Rs | Rs. 2.98 | Rs. 4.91 | Rs. 4.98 | + 1.43 % | + 67.11 % |
In reviewing Taj GVK Hotels & Resorts Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.79 % year-on-year growth, however, there was a minor increase of 4.24 % from the previous quarter. Expenses decreased by -4.21 % compared to the previous year, with a 5.89 % increase quarter-on-quarter. Operating Profit surged by 61.11 % annually, and saw a 1.34 % increase from the last quarter.
Net Profit showed yearly increase of 64 %, and experienced a 1.43 % increase from the previous quarter. Earnings Per Share (EPS) rose by 67.11 % annually, however rose by 1.43 % compared to the last quarter. In essence, while Taj GVK Hotels & Resorts Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
