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ORIENTAL HOTELS Announces Quarterly Results (2QFY19); Net Profit Up 2406.1%

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ORIENTAL HOTELS Announces Quarterly Results (2QFY19); Net Profit Up 2406.1%
Fri, 9 Nov

ORIENTAL HOTELS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

ORIENTAL HOTELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8748128180.8%-6.3%
Other incomeRs m55734358.9%-39.4%
TurnoverRs m9298198524.0%-8.3%
ExpensesRs m7457317452.0%0.0%
Gross profitRs m127811,0881237.9%753.8%
DepreciationRs m666665-0.8%-1.8%
InterestRs m777676-0.1%-1.0%
Profit before taxRs m39-539802387.1%
TaxRs m8-181932312.5%
Profit after taxRs m31-367872406.1%
Gross profit margin%14.610.0132.9
Effective tax rate%20.332.819.7
Net profit margin%3.4-4.492.4
* 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 6.3% on a year-on-year (YoY) basis. The expenses were down by 0.0% YoY during the same period.
  • The company's operating profit increased by 753.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 132.9% in 2QFY19 as against 14.6% in 2QFY18.
  • Depreciation charges declined by 1.8% and finance costs declined by 1.0% YoY, respectively.
  • Other income declined by 39.4% YoY during the quarter.
  • Net profit for the quarter increased by 2406.1% YoY. Net profit margins during the quarter increased from 3.4% in 2QFY18 to 92.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.0% QoQ during the same period.
  • The company's operating profit increased by 1237.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 132.9% in 2QFY19 as against 10.0% in 1QFY18.
  • Net profit for the quarter increased by 2298.0% QoQ, while net profit margins increased from -4.4% in 1QFY18 to 92.4% in 2QFY19.

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 up from Rs 39.0 to Rs 38.4, registering a Loss of Rs 0.7 or around 1.7%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 38.4, the price to earnings (P/E) ratio of ORIENTAL HOTELS stands at 8.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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