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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "ASIAN HOTELS (NORTH) Announces Quarterly Results (1QFY19); Net Profit Up 146.3%". Click here!

  

Related Views on News

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.

Chalet Hotels IPO: Should You Bet on This High-End Hotel Chain Owner? (IPO)

Jan 29, 2019

Should you subscribe to the IPO of Chalet Hotels Ltd?

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

Jul 20, 2018 | Updated on Jul 20, 2018

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.

Lemon Tree Hotels IPO: India's Largest Hotel Chain in the Mid-Priced Hotel Sector (IPO)

Mar 23, 2018

Should you subscribe to the IPO of Lemon Tree Hotels Ltd?

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Multibaggers of the Next Decade(The 5 Minute Wrapup)

Jan 6, 2020

The one key ingredient to be seen amongst top multibaggers of the next decade

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

I Made a Killing in the Markets this Week... Here's How(Profit Hunter)

Jan 10, 2020

How we made a killing in the markets amidst geopolitical tension and war mongering.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

ASIAN HOTELS (NORTH) SHARE PRICE


Jan 17, 2020 (Close)

TRACK ASIAN HOTELS (NORTH)

  • Track your investment in ASIAN HOTELS (NORTH) with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON ASIAN HOTELS (NORTH)

ASIAN HOTELS (NORTH) - TSOGO SUN COMPARISON

COMPARE ASIAN HOTELS (NORTH) WITH

MARKET STATS