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ASIAN HOTELS (NORTH) Announces Quarterly Results (1QFY19); Net Profit Up 146.3%

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ASIAN HOTELS (NORTH) Announces Quarterly Results (1QFY19); Net Profit Up 146.3%
Fri, 3 Aug

ASIAN HOTELS (NORTH) has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

ASIAN HOTELS (NORTH) Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m569770574-25.5%0.9%
Other incomeRs m284940-18.0%43.0%
TurnoverRs m597819614-25.0%2.9%
ExpensesRs m433479472-1.5%8.9%
Gross profitRs m136291101-65.2%-25.3%
DepreciationRs m515149-2.5%-3.5%
InterestRs m2313163294.1%42.2%
Profit before taxRs m-119-26-236
TaxRs m-46-8-59
Profit after taxRs m-72-18-178
Gross profit margin%23.837.817.6
Effective tax rate%39.132.024.9
Net profit margin%-12.1-2.2-28.9
* 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 0.9% on a year-on-year (YoY) basis. The expenses were up by 8.9% YoY during the same period.
  • The company's operating profit declined by 25.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.6% in 1QFY19 as against 23.8% in 1QFY18.
  • Depreciation charges and finance costs declined by 3.5% YoY and 42.2% YoY, respectively.
  • Other income increased by 43.0% YoY during the quarter.
  • Net profit for the quarter increased by 146.3% YoY. Net profit margins during the quarter declined from -12.1% in 1QFY18 to -28.9% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 25.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.5% QoQ during the same period.
  • The company's operating profit declined by 65.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.6% in 1QFY19 as against 37.8% in 4QFY18.
  • Net profit for the quarter increased by 891.6% QoQ, while net profit margins declined from -2.2% in 4QFY18 to -28.9% in 1QFY19.

To see how ASIAN HOTELS (NORTH) has performed over the last eight quarters, please visit here.

ASIAN HOTELS (NORTH) Share Price Performance

Over the last one year, ASIAN HOTELS (NORTH) share price has moved up from Rs 132.0 to Rs 230.0, registering a Gain of Rs 98.0 or around 74.2%.

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 230.0, the price to book value (P/BV) ratio of ASIAN HOTELS (NORTH) stands at 0.6 times.

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ASIAN HOTELS (NORTH) Announces Quarterly Results (3QFY19); Net Profit Down 94.9% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, ASIAN HOTELS (NORTH) has posted a net profit of Rs 8 m (down 94.9% YoY). Sales on the other hand came in at Rs 751 m (down 3.3% YoY). Read on for a complete analysis of ASIAN HOTELS (NORTH)'s quarterly results.

ASIAN HOTELS (NORTH) Announces Quarterly Results (4QFY18); Net Profit Down 111.5% (Quarterly Result Update)

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For the quarter ended March 2018, ASIAN HOTELS (NORTH) has posted a net profit of Rs 18 m (down 111.5% YoY). Sales on the other hand came in at Rs 770 m (up 11.0% YoY). Read on for a complete analysis of ASIAN HOTELS (NORTH)'s quarterly results.

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