HOTEL LEELAVENT. Announces Quarterly Results (3QFY19); Net Profit Up 8.6%

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HOTEL LEELAVENT. Announces Quarterly Results (3QFY19); Net Profit Up 8.6%
Thu, 14 Feb

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

HOTEL LEELAVENT. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,0361,6412,09127.4%2.7%
Other incomeRs m26335107203.7%-59.3%
TurnoverRs m2,2991,6772,19831.1%-4.4%
ExpensesRs m1,3851,7801,404-21.1%1.4%
Gross profitRs m652-656976.9%
DepreciationRs m3082932971.4%-3.4%
InterestRs m20034265-81.1%-67.6%
Profit before taxRs m407-6654418.6%
TaxRs m0000.0%0.0%
Profit after taxRs m407-6654418.6%
Gross profit margin%32.0-4.033.3
Effective tax rate%0.00.00.0
Net profit margin%17.7-39.720.1
* 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 2.7% on a year-on-year (YoY) basis. The expenses were up by 1.4% YoY during the same period.
  • The company's operating profit increased by 6.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 33.3% in 3QFY19 as against 32.0% in 3QFY18.
  • Depreciation charges declined by 3.4% and finance costs declined by 67.6% YoY, respectively.
  • Other income declined by 59.3% YoY during the quarter.
  • Net profit for the quarter increased by 8.6% YoY. Net profit margins during the quarter increased from 17.7% in 3QFY18 to 20.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 27.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 21.1% QoQ during the same period.
  • The company's operating profit increased by 1166.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 33.3% in 3QFY19 as against 4.0% in 2QFY18.
  • Net profit for the quarter increased by 166.3% QoQ, while net profit margins increased from -39.7% in 2QFY18 to 20.1% in 3QFY19.

To see how HOTEL LEELAVENT. has performed over the last eight quarters, please visit here.

HOTEL LEELAVENT. Share Price Performance

Over the last one year, HOTEL LEELAVENT. share price has moved up from Rs 22.7 to Rs 12.8, registering a Loss of Rs 9.9 or around 43.6%.

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 12.8, the price to book value (P/BV) ratio of HOTEL LEELAVENT. stands at 1.6 times.

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For the quarter ended March 2019, HOTEL LEELAVENT. has posted a net profit of Rs 298 m (down 88.7% YoY). Sales on the other hand came in at Rs 431 m (down 79.1% YoY). Read on for a complete analysis of HOTEL LEELAVENT.'s quarterly results.

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