THE BYKE HOSPITALITY Announces Quarterly Results (3QFY19); Net Profit Down 95.1%

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THE BYKE HOSPITALITY Announces Quarterly Results (3QFY19); Net Profit Down 95.1%
Mon, 25 Feb

THE BYKE HOSPITALITY has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

THE BYKE HOSPITALITY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m55029947157.9%-14.4%
Other incomeRs m2224.1%15.2%
TurnoverRs m55230147457.5%-14.3%
ExpensesRs m328183420129.3%28.1%
Gross profitRs m22211551-55.7%-77.1%
DepreciationRs m3337382.9%15.3%
InterestRs m25625.1%165.7%
Profit before taxRs m189769-87.8%-95.1%
TaxRs m65263-87.8%-95.1%
Profit after taxRs m124496-87.8%-95.1%
Gross profit margin%40.438.610.8
Effective tax rate%34.634.634.6
Net profit margin%22.416.41.3
* 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 14.4% on a year-on-year (YoY) basis. The expenses were up by 28.1% YoY during the same period.
  • The company's operating profit declined by 77.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.8% in 3QFY19 as against 40.4% in 3QFY18.
  • Depreciation charges increased by 15.3% and finance costs increased by 165.7% YoY, respectively.
  • Other income increased by 15.2% YoY during the quarter.
  • Net profit for the quarter declined by 95.1% YoY. Net profit margins during the quarter declined from 22.4% in 3QFY18 to 1.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 57.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 129.3% QoQ during the same period.
  • The company's operating profit declined by 55.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.8% in 3QFY19 as against 38.6% in 2QFY18.
  • Net profit for the quarter declined by 87.8% QoQ, while net profit margins declined from 16.3% in 2QFY18 to 1.3% in 3QFY19.

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 up from Rs 177.5 to Rs 32.0, registering a Loss of Rs 145.5 or around 82.0%.

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 32.0, the price to earnings (P/E) ratio of THE BYKE HOSPITALITY stands at 5.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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1 Responses to "THE BYKE HOSPITALITY Announces Quarterly Results (3QFY19); Net Profit Down 95.1%"

Ashok Karunakaran

Apr 15, 2019

what is the future outlook on this badly battered small cap?

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