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ASIAN HOTELS (NORTH) Announces Quarterly Results (4QFY18); Net Profit Down 111.5%

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ASIAN HOTELS (NORTH) Announces Quarterly Results (4QFY18); Net Profit Down 111.5%
Fri, 20 Jul

ASIAN HOTELS (NORTH) has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

ASIAN HOTELS (NORTH) Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m694776770-0.8%11.0%
Other incomeRs m3517349-71.5%42.5%
TurnoverRs m729949819-13.6%12.5%
ExpensesRs m271518479-7.4%77.2%
Gross profitRs m42425829112.5%-31.4%
DepreciationRs m4948515.4%3.1%
InterestRs m17616931686.6%79.1%
Profit before taxRs m233214-26-112.3%-111.3%
TaxRs m7766-8-112.8%-111.0%
Profit after taxRs m156148-18-112.1%-111.5%
Gross profit margin%61.033.337.8
Effective tax rate%33.130.932.0
Net profit margin%21.415.6-2.2
* 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 11.0% on a year-on-year (YoY) basis. The expenses were up by 77.2% YoY during the same period.
  • The company's operating profit declined by 31.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 37.8% in 4QFY18 as against 61.0% in 4QFY17.
  • Depreciation charges and finance costs increased by 3.1% YoY and 79.1% YoY, respectively.
  • Other income increased by 42.5% YoY during the quarter.
  • Net profit for the quarter declined by 111.5% YoY. Net profit margins during the quarter declined from 21.4% in 4QFY17 to 2.2% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.4% QoQ during the same period.
  • The company's operating profit increased by 12.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.8% in 4QFY18 as against 33.3% in 3QFY17.
  • Net profit for the quarter declined by 112.1% QoQ, while net profit margins declined from 15.6% in 3QFY17 to 2.2% in 4QFY18.

To see how ASIAN HOTELS (NORTH) has performed over the last eight quarters, please visit here.

ASIAN HOTELS (NORTH) Share Price Performance

Over the last one year, ASIAN HOTELS (NORTH) share price has moved up from Rs 129.7 to Rs 225.6, registering a Gain of Rs 95.9 or around 73.9%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 225.6, the price to earnings (P/E) ratio of ASIAN HOTELS (NORTH) stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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