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- THE BYKE HOSPITALITY Announces Quarterly Results (1QFY20); Net Profit Down 63.8%
THE BYKE HOSPITALITY Announces Quarterly Results (1QFY20); Net Profit Down 63.8%
Tue, 20 Aug
THE BYKE HOSPITALITY has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:
THE BYKE HOSPITALITY Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-18* | 3 Mar-19* | 3 Jun-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 367 | 462 | 334 | -27.8% | -9.1% |
| Other income | Rs m | 2 | 2 | 2 | 2.5% | 10.8% |
| Turnover | Rs m | 369 | 464 | 336 | -27.6% | -9.0% |
| Expenses | Rs m | 246 | 512 | 218 | -57.4% | -11.1% |
| Gross profit | Rs m | 121 | -51 | 115 | -5.0% | |
| Depreciation | Rs m | 36 | 38 | 70 | 84.0% | 97.0% |
| Interest | Rs m | 5 | 6 | 20 | 262.4% | 340.0% |
| Profit before tax | Rs m | 83 | -92 | 27 | -67.2% | |
| Tax | Rs m | 29 | -33 | 8 | -73.7% | |
| Profit after tax | Rs m | 54 | -59 | 20 | -63.8% | |
| Gross profit margin | % | 33.0 | -11.0 | 34.5 | ||
| Effective tax rate | % | 34.6 | 35.6 | 27.8 | ||
| Net profit margin | % | 14.7 | -12.8 | 5.9 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 9.1% on a year-on-year (YoY) basis. The expenses were down by 11.1% YoY during the same period.
- The company's operating profit declined by 5.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.5% in 1QFY20 as against 33.0% in 1QFY19.
- Depreciation charges increased by 97.0% and finance costs increased by 340.0% YoY, respectively.
- Other income increased by 10.8% YoY during the quarter.
- Net profit for the quarter declined by 63.8% YoY. Net profit margins during the quarter declined from 14.7% in 1QFY19 to 5.9% in 1QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 27.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 57.4% QoQ during the same period.
- The company's operating profit increased by 327.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.5% in 1QFY20 as against 11.0% in 4QFY19.
- Net profit for the quarter increased by 133.2% QoQ, while net profit margins increased from -12.7% in 4QFY19 to 5.9% in 1QFY20.
To see how THE BYKE HOSPITALITY has performed over the last eight quarters,please visit here.
THE BYKE HOSPITALITY Share Price Performance
Over the last one year,THE BYKE HOSPITALITY share price has moved down from Rs 105.5 to Rs 17.3, registering a Loss of Rs 88.2 or around 83.6%.
Overall, the S&P BSE SENSEX is down 2.5% over the year.
Current Valuations
At the current price of Rs 17.3, the price to earnings (P/E) ratio of THE BYKE HOSPITALITY stands at 43.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.
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THE BYKE HOSPITALITY Announces Quarterly Results (4QFY19); Net Profit Down 150.0% (Quarterly Result Update)
Jun 10, 2019 | Updated on Jun 10, 2019For the quarter ended March 2019, THE BYKE HOSPITALITY has posted a net profit of Rs 59 m (down 150.0% YoY). Sales on the other hand came in at Rs 462 m (down 17.4% YoY). Read on for a complete analysis of THE BYKE HOSPITALITY's quarterly results.
THE BYKE HOSPITALITY 2017-18 Annual Report Analysis (Annual Result Update)
Mar 14, 2019 | Updated on Mar 14, 2019Here's an analysis of the annual report of THE BYKE HOSPITALITY for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of THE BYKE HOSPITALITY. Also includes updates on the valuation of THE BYKE HOSPITALITY.
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