THE INDIAN HOTELS Announces Quarterly Results (4QFY19); Net Profit Up 105.4%

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THE INDIAN HOTELS Announces Quarterly Results (4QFY19); Net Profit Up 105.4%
Thu, 2 May

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

THE INDIAN HOTELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m11,43513,23512,443-6.0%8.8%
Other incomeRs m206145372156.4%81.1%
TurnoverRs m11,64013,38012,816-4.2%10.1%
ExpensesRs m8,9889,8799,600-2.8%6.8%
Gross profitRs m2,3033,7652,991-20.6%29.9%
DepreciationRs m8528338491.9%-0.4%
InterestRs m520491474-3.5%-8.8%
Profit before taxRs m1,1372,5872,040-21.1%79.4%
TaxRs m568990871-12.1%53.4%
Profit after taxRs m5691,5961,169-26.7%105.4%
Gross profit margin%20.128.524.0
Effective tax rate%49.938.342.7
Net profit margin%4.911.99.1
* 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 8.8% on a year-on-year (YoY) basis. The expenses were up by 6.8% YoY during the same period.
  • The company's operating profit increased by 29.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.0% in 4QFY19 as against 20.1% in 4QFY18.
  • Depreciation charges declined by 0.4% and finance costs declined by 8.8% YoY, respectively.
  • Other income increased by 81.1% YoY during the quarter.
  • Net profit for the quarter increased by 105.4% YoY. Net profit margins during the quarter increased from 4.9% in 4QFY18 to 9.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.8% QoQ during the same period.
  • The company's operating profit declined by 20.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.0% in 4QFY19 as against 28.5% in 3QFY18.
  • Net profit for the quarter declined by 26.7% QoQ, while net profit margins declined from 11.9% in 3QFY18 to 9.1% in 4QFY19.

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 147.2 to Rs 152.5, registering a Gain of Rs 5.3 or around 3.6%.

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 152.5, the price to earnings (P/E) ratio of THE INDIAN HOTELS stands at 50.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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