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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 16.06 % in the past year, substantial increase in net sales/revenue by 1.33 %.
- 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 106.59 %. Marginal increase in other income during this quarter, up by 76.25%.
- Profit over the Year and quarter: Significant improvement in profitability for The Byke Hospitality Ltd. Notable increase of 53.64 % in net profit Year to Year, The Byke Hospitality Ltd’s profitability increased by 2.45 % in this quarter.
- EPS over the Year and quarter: EPS increased by 32.43 % Year to Year. EPS decreased by -9.26 % 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. 20.053 Cr | Rs. 22.968 Cr | Rs. 23.273 Cr | + 1.33 % | + 16.06 % |
| Expenses | Rs. 12.96 Cr | Rs. 12.92 Cr | Rs. 14.07 Cr | + 8.9 % | + 8.56 % |
| Operating Profit | Rs. 7.09 Cr | Rs. 10.05 Cr | Rs. 9.2 Cr | -8.46 % | + 29.76 % |
| OPM % | 35.36 % | 43.76 % | 39.53 % | -4.23 % | + 4.17 % |
| Other Income | Rs. 0.273 Cr | Rs. 0.32 Cr | Rs. 0.564 Cr | + 76.25 % | + 106.59 % |
| Interest | Rs. 2.07 Cr | Rs. 1.66 Cr | Rs. 1.56 Cr | -6.02 % | -24.64 % |
| Depreciation | Rs. 4.21 Cr | Rs. 6.8 Cr | Rs. 6.21 Cr | -8.68 % | + 47.51 % |
| Profit before tax | Rs. 1.08 Cr | Rs. 1.91 Cr | Rs. 1.99 Cr | + 4.19 % | + 84.26 % |
| Tax % | 37.59 % | 17.66 % | 15.22 % | -2.44 % | -22.37 % |
| Net Profit | Rs. 1.5 Cr | Rs. 2.25 Cr | Rs. 2.3 Cr | + 2.22 % | + 53.33 % |
| EPS in Rs | Rs. 0.37 | Rs. 0.54 | Rs. 0.48 | -11.11 % | + 29.73 % |
Today, we’re looking at The Byke Hospitality 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 16.06 %. However, it did see a marginal increase of 1.33 % from the previous quarter. Expenses ticked up slightly by 8.9 % quarter-on-quarter, aligning with the annual rise of 8.56 %. Operating profit, while up 29.76 % compared to last year, faced a quarter-on-quarter dip of -8.46 %, 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 4.17 %, but a shrinkage of -4.23 % sequentially. Other income rose by 76.25 % compared to the last quarter, despite an annual growth of 106.59 %. Interest expenses dropped significantly by -6.02 % from the previous quarter, yet the year-over-year decrease remains at a moderate -24.64 %. Depreciation costs fell by -8.68 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 47.51 %. Profit before tax grew annually by 84.26 % but saw an increase from the preceding quarter by 4.19 %.
Tax expenses as a percentage of profits decreased slightly by -22.37 % compared to last year, with a more notable quarter-on-quarter decrease of -2.44 %. Net profit rose by 53.33 % year-on-year but experienced a 2.22 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 29.73 % but a quarterly fall of -11.11 %. In summary, The Byke 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. 20.053 Cr | Rs. 22.968 Cr | Rs. 23.273 Cr | + 1.33 % | + 16.06 % |
| Expenses | Rs. 12.96 Cr | Rs. 12.92 Cr | Rs. 14.07 Cr | + 8.9 % | + 8.56 % |
| Operating Profit | Rs. 7.09 Cr | Rs. 10.05 Cr | Rs. 9.2 Cr | -8.46 % | + 29.76 % |
| Net Profit | Rs. 1.5 Cr | Rs. 2.25 Cr | Rs. 2.3 Cr | + 2.22 % | + 53.33 % |
| EPS in Rs | Rs. 0.37 | Rs. 0.54 | Rs. 0.48 | -11.11 % | + 29.73 % |
In reviewing The Byke Hospitality Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.06 % year-on-year growth, however, there was a minor increase of 1.33 % from the previous quarter. Expenses rose by 8.56 % compared to the previous year, with a 8.9 % increase quarter-on-quarter. Operating Profit surged by 29.76 % annually, and saw a -8.46 % decrease from the last quarter.
Net Profit showed yearly increase of 53.33 %, and experienced a 2.22 % increase from the previous quarter. Earnings Per Share (EPS) rose by 29.73 % annually, however dipped by -11.11 % compared to the last quarter. In essence, while The Byke Hospitality 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.
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