ADVANI HOTELS Announces Quarterly Results (1QFY20); Net Profit Down 24.7%

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ADVANI HOTELS Announces Quarterly Results (1QFY20); Net Profit Down 24.7%
Mon, 26 Aug

ADVANI HOTELS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ADVANI HOTELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m150228164-28.4%8.9%
Other incomeRs m282-73.9%-8.3%
TurnoverRs m152237166-29.9%8.7%
ExpensesRs m1301301353.9%3.9%
Gross profitRs m209929-70.8%41.0%
DepreciationRs m9992.3%0.0%
InterestRs m00053.8%42.9%
Profit before taxRs m139822-77.9%60.6%
TaxRs m-12293-90.5%
Profit after taxRs m256919-72.6%-24.7%
Gross profit margin%13.643.217.6
Effective tax rate%-86.229.612.7
Net profit margin%16.429.111.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 8.9% on a year-on-year (YoY) basis. The expenses were up by 3.9% YoY during the same period.
  • The company's operating profit increased by 41.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.6% in 1QFY20 as against 13.6% in 1QFY19.
  • Depreciation charges increased by 0.0% and finance costs increased by 42.9% YoY, respectively.
  • Other income declined by 8.3% YoY during the quarter.
  • Net profit for the quarter declined by 24.7% YoY. Net profit margins during the quarter declined from 16.4% in 1QFY19 to 11.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 28.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.9% QoQ during the same period.
  • The company's operating profit declined by 70.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.6% in 1QFY20 as against 43.2% in 4QFY19.
  • Net profit for the quarter declined by 72.6% QoQ, while net profit margins declined from 29.1% in 4QFY19 to 11.4% in 1QFY20.

To see how ADVANI HOTELS has performed over the last eight quarters,please visit here.

ADVANI HOTELS Share Price Performance

Over the last one year,ADVANI HOTELS share price has moved up from Rs 48.6 to Rs 53.0, registering a Gain of Rs 4.4 or around 9.1%.

Overall, the S&P BSE SENSEX is down 3.9% over the year.

Current Valuations

At the current price of Rs 53.0, the price to earnings (P/E) ratio of ADVANI HOTELS stands at 22.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.1 times.

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