ORIENTAL HOTELS Announces Quarterly Results (1QFY20); Net Profit Down 60.1%

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ORIENTAL HOTELS Announces Quarterly Results (1QFY20); Net Profit Down 60.1%
Mon, 29 Jul

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

ORIENTAL HOTELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m812926661-28.6%-18.6%
Other incomeRs m73523-32.6%220.5%
TurnoverRs m819961684-28.8%-16.5%
ExpensesRs m731747619-17.0%-15.2%
Gross profitRs m8117934-81.1%-58.4%
DepreciationRs m668469-17.7%5.0%
InterestRs m76596611.0%-13.8%
Profit before taxRs m-5371-78-209.2%
TaxRs m-18-75-20
Profit after taxRs m-36146-57-139.3%
Gross profit margin%10.019.45.1
Effective tax rate%32.8-105.426.1
Net profit margin%-4.415.2-8.4
* 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 18.6% on a year-on-year (YoY) basis. The expenses were down by 15.2% YoY during the same period.
  • The company's operating profit declined by 58.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.1% in 1QFY20 as against 10.0% in 1QFY19.
  • Depreciation charges increased by 5.0% and finance costs declined by 13.8% YoY, respectively.
  • Other income increased by 220.5% YoY during the quarter.
  • Net profit for the quarter declined by 60.1% YoY. Net profit margins during the quarter declined from -4.4% in 1QFY19 to -8.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 28.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.0% QoQ during the same period.
  • The company's operating profit declined by 81.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.1% in 1QFY20 as against 19.4% in 4QFY19.
  • Net profit for the quarter declined by 139.3% QoQ, while net profit margins declined from 15.2% in 4QFY19 to -8.4% in 1QFY20.

To see how ORIENTAL HOTELS has performed over the last eight quarters,please visit here.

ORIENTAL HOTELS Share Price Performance

Over the last one year,ORIENTAL HOTELS share price has moved down from Rs 43.3 to Rs 33.1, registering a Loss of Rs 10.2 or around 23.6%.

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 33.1, the price to earnings (P/E) ratio of ORIENTAL HOTELS stands at 5.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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Related Views on News

ORIENTAL HOTELS Announces Quarterly Results (3QFY20); Net Profit Down 65.8% (Quarterly Result Update)

Jan 27, 2020 | Updated on Jan 27, 2020

For the quarter ended December 2019, ORIENTAL HOTELS has posted a net profit of Rs 51 m (down 65.8% YoY). Sales on the other hand came in at Rs 842 m (down 6.3% YoY). Read on for a complete analysis of ORIENTAL HOTELS's quarterly results.

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