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

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ORIENTAL HOTELS Announces Quarterly Results (3QFY20); Net Profit Down 65.8%
Mon, 27 Jan

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

ORIENTAL HOTELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m89869184221.7%-6.3%
Other incomeRs m383014-53.6%-63.5%
TurnoverRs m93672185518.6%-8.6%
ExpensesRs m7276386552.6%-9.9%
Gross profitRs m27053187251.4%-30.8%
DepreciationRs m697069-2.0%-0.6%
InterestRs m606660-9.6%0.0%
Profit before taxRs m178-5471-59.9%
TaxRs m29721188.7%-29.6%
Profit after taxRs m149-6151-65.8%
Gross profit margin%30.07.722.2
Effective tax rate%16.4-13.128.8
Net profit margin%15.9-8.55.9
* 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 6.3% on a year-on-year (YoY) basis. The expenses were down by 9.9% YoY during the same period.
  • The company's operating profit declined by 30.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.2% in 3QFY20 as against 30.0% in 3QFY19.
  • Depreciation charges declined by 0.6% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 63.5% YoY during the quarter.
  • Net profit for the quarter declined by 65.8% YoY. Net profit margins during the quarter declined from 15.9% in 3QFY19 to 5.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.6% QoQ during the same period.
  • The company's operating profit increased by 251.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.2% in 3QFY20 as against 7.7% in 2QFY19.
  • Net profit for the quarter increased by 182.9% QoQ, while net profit margins increased from -8.5% in 2QFY19 to 5.9% in 3QFY20.

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

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ORIENTAL HOTELS Share Price Performance

Over the last one year,ORIENTAL HOTELS share price has moved down from Rs 40.5 to Rs 33.9, registering a Loss of Rs 6.6 or around 16.3%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 33.9, the price to earnings (P/E) ratio of ORIENTAL HOTELS stands at 77.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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

Jul 29, 2019 | Updated on Jul 29, 2019

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.

ORIENTAL HOTELS Announces Quarterly Results (4QFY19); Net Profit Up 153.6% (Quarterly Result Update)

Apr 26, 2019 | Updated on Apr 26, 2019

For the quarter ended March 2019, ORIENTAL HOTELS has posted a net profit of Rs 146 m (up 153.6% YoY). Sales on the other hand came in at Rs 926 m (down 5.7% YoY). Read on for a complete analysis of ORIENTAL HOTELS's quarterly results.

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