THE INDIAN HOTELS Announces Quarterly Results (1QFY20); Net Profit Up 65.9%

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THE INDIAN HOTELS Announces Quarterly Results (1QFY20); Net Profit Up 65.9%
Tue, 6 Aug

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

THE INDIAN HOTELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m9,79712,44310,200-18.0%4.1%
Other incomeRs m150372371-0.5%146.9%
TurnoverRs m9,94712,81610,571-17.5%6.3%
ExpensesRs m8,6909,6008,466-11.8%-2.6%
Gross profitRs m1,0682,9911,757-41.2%64.6%
DepreciationRs m7858491,00418.2%27.9%
InterestRs m46947484778.7%80.4%
Profit before taxRs m-372,040277-86.4%
TaxRs m-98871176-79.8%
Profit after taxRs m611,169101-91.3%65.9%
Gross profit margin%10.924.017.2
Effective tax rate%267.142.763.5
Net profit margin%0.69.11.0
* 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 grew 4.1% on a year-on-year (YoY) basis. The expenses were down by 2.6% YoY during the same period.
  • The company's operating profit increased by 64.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.2% in 1QFY20 as against 10.9% in 1QFY19.
  • Depreciation charges increased by 27.9% and finance costs increased by 80.4% YoY, respectively.
  • Other income increased by 146.9% YoY during the quarter.
  • Net profit for the quarter increased by 65.9% YoY. Net profit margins during the quarter increased from 0.6% in 1QFY19 to 1.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.8% QoQ during the same period.
  • The company's operating profit declined by 41.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.2% in 1QFY20 as against 24.0% in 4QFY19.
  • Net profit for the quarter declined by 91.3% QoQ, while net profit margins declined from 9.1% in 4QFY19 to 1.0% in 1QFY20.

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

THE INDIAN HOTELS Share Price Performance

Over the last one year,THE INDIAN HOTELS share price has moved up from Rs 129.9 to Rs 140.1, registering a Gain of Rs 10.3 or around 7.9%.

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 140.1, the price to earnings (P/E) ratio of THE INDIAN HOTELS stands at 45.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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