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

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ASIAN HOTELS (NORTH) Announces Quarterly Results (3QFY19); Net Profit Down 94.9%
Fri, 22 Feb

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

ASIAN HOTELS (NORTH) Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m77664975115.6%-3.3%
Other incomeRs m1734020-50.9%-88.7%
TurnoverRs m94968977011.8%-18.8%
ExpensesRs m5184945174.7%-0.1%
Gross profitRs m25815523450.6%-9.6%
DepreciationRs m484946-5.0%-3.5%
InterestRs m169357177-50.4%4.6%
Profit before taxRs m214-21130-86.1%
TaxRs m66-4022-66.3%
Profit after taxRs m148-1718-94.9%
Gross profit margin%33.323.931.1
Effective tax rate%30.918.974.6
Net profit margin%15.6-24.81.0
* 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 fell 3.3% on a year-on-year (YoY) basis. The expenses were down by 0.1% YoY during the same period.
  • The company's operating profit declined by 9.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 31.1% in 3QFY19 as against 33.3% in 3QFY18.
  • Depreciation charges declined by 3.5% and finance costs increased by 4.6% YoY, respectively.
  • Other income declined by 88.7% YoY during the quarter.
  • Net profit for the quarter declined by 94.9% YoY. Net profit margins during the quarter declined from 15.6% in 3QFY18 to 1.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.7% QoQ during the same period.
  • The company's operating profit increased by 50.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.1% in 3QFY19 as against 23.9% in 2QFY18.
  • Net profit for the quarter increased by 104.4% QoQ, while net profit margins increased from -24.8% in 2QFY18 to 1.0% in 3QFY19.

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 262.9 to Rs 141.0, registering a Loss of Rs 121.9 or around 46.4%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 141.0, the price to book value (P/BV) ratio of ASIAN HOTELS (NORTH) stands at 0.4 times.

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