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THE INDIAN HOTELS Announces Quarterly Results (2QFY19); Net Profit Up 25.6%

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THE INDIAN HOTELS Announces Quarterly Results (2QFY19); Net Profit Up 25.6%
Thu, 15 Nov

THE INDIAN HOTELS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

THE INDIAN HOTELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8,5179,7979,645-1.5%13.3%
Other incomeRs m12515016610.7%32.9%
TurnoverRs m8,6429,9479,812-1.4%13.5%
ExpensesRs m7,9718,6908,653-0.4%8.6%
Gross profitRs m5701,068540-49.5%-5.3%
DepreciationRs m7057858123.5%15.3%
InterestRs m716469467-0.6%-34.8%
Profit before taxRs m-725-37-573
TaxRs m-214-98-193
Profit after taxRs m-51161-380-723.6%
Gross profit margin%6.710.95.6
Effective tax rate%29.6267.133.6
Net profit margin%-5.90.6-3.9
* 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 13.3% on a year-on-year (YoY) basis. The expenses were up by 8.6% YoY during the same period.
  • The company's operating profit declined by 5.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 2QFY19 as against 6.7% in 2QFY18.
  • Depreciation charges increased by 15.3% and finance costs declined by 34.8% YoY, respectively.
  • Other income increased by 32.9% YoY during the quarter.
  • Net profit for the quarter increased by 25.6% YoY. Net profit margins during the quarter increased from -5.9% in 2QFY18 to -3.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.4% QoQ during the same period.
  • The company's operating profit declined by 49.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 2QFY19 as against 10.9% in 1QFY18.
  • Net profit for the quarter declined by 723.6% QoQ, while net profit margins declined from 0.6% in 1QFY18 to -3.9% in 2QFY19.

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 111.6 to Rs 130.1, registering a Gain of Rs 18.5 or around 16.5%.

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 130.1, the price to earnings (P/E) ratio of THE INDIAN HOTELS stands at 76.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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