ORIENTAL HOTELS Announces Quarterly Results (3QFY19); Net Profit Up 526.6%

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ORIENTAL HOTELS Announces Quarterly Results (3QFY19); Net Profit Up 526.6%
Thu, 24 Jan

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

ORIENTAL HOTELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m9258188989.8%-2.9%
Other incomeRs m17343811.9%125.9%
TurnoverRs m9428529369.9%-0.6%
ExpensesRs m762745727-2.5%-4.6%
Gross profitRs m1631,088270-75.2%65.3%
DepreciationRs m6565696.6%7.4%
InterestRs m787660-21.3%-22.8%
Profit before taxRs m37980178-81.9%376.1%
TaxRs m1419329-84.9%114.0%
Profit after taxRs m24787149-81.1%526.6%
Gross profit margin%17.6132.930.0
Effective tax rate%36.519.716.4
Net profit margin%2.592.415.9
* 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 2.9% on a year-on-year (YoY) basis. The expenses were down by 4.6% YoY during the same period.
  • The company's operating profit increased by 65.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.0% in 3QFY19 as against 17.6% in 3QFY18.
  • Depreciation charges increased by 7.4% and finance costs declined by 22.8% YoY, respectively.
  • Other income increased by 125.9% YoY during the quarter.
  • Net profit for the quarter increased by 526.6% YoY. Net profit margins during the quarter increased from 2.5% in 3QFY18 to 15.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.5% QoQ during the same period.
  • The company's operating profit declined by 75.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.0% in 3QFY19 as against 132.9% in 2QFY18.
  • Net profit for the quarter declined by 81.1% QoQ, while net profit margins declined from 92.4% in 2QFY18 to 15.9% in 3QFY19.

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 59.8 to Rs 44.6, registering a Loss of Rs 15.2 or around 25.4%.

Overall, the S&P BSE SENSEX is up 0.0% over the year.

Current Valuations

At the current price of Rs 44.6, the price to earnings (P/E) ratio of ORIENTAL HOTELS stands at 8.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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For the quarter ended June 2019, ORIENTAL HOTELS has posted a net profit of Rs 57 m (down 60.1% YoY). Sales on the other hand came in at Rs 661 m (down 18.6% YoY). Read on for a complete analysis of ORIENTAL HOTELS's quarterly results.

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Jan 24, 2020 (Close)

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