Advani Hotels & Resorts India Q1 Results Revenue Down 32.28% QoQ and 5.42%

Advani Hotels & Resorts India Regional Performance

Advani Hotels & Resorts India reported its financial results for the first quarter ending in June 2024. The company’s total revenue was ₹22.06 crore, which is a significant drop of 32.28% compared to the previous quarter and a slight decrease of 5.42% compared to the same quarter last year. This means the company made less money from its operations than before.

Advani Hotels & Resorts India expenses related to selling, general, and administrative costs were ₹8.13 crore, which is slightly lower than the previous quarter but down by 20.34% compared to the same period last year. This shows that the company managed to reduce some of these costs. However, other operating expenses increased to ₹7.52 crore, a 48.70% rise from the last quarter and 57.65% higher compared to the same quarter last year.

Advani Hotels & Resorts India total operating expenses went up to ₹18.21 crore, showing a 10.16% increase from the previous quarter and a small 2.86% rise from last year. This means the company’s overall costs have increased. Due to these higher expenses and lower revenue, the operating income dropped sharply by 71.38% from the last quarter and 31.51% from last year.

Advani Hotels & Resorts India’s Net income, which is the profit after all expenses, also fell significantly by 65.90% from the previous quarter and 21.64% from the same quarter last year. The earnings per share (EPS), which shows how much profit is available for each share of stock, decreased by 66.09% compared to the previous quarter and 22.00% from last year. Overall, the company faced tough financial conditions in this quarter, with a decline in both revenue and profits.

Here’s the Q1 financial summary for Advani Hotels & Resorts India:

Source: Here 

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Advani Hotels & Resorts India Q1 Results

In the quarter ending June 30, 2024, Advani Hotels & Resorts India earned a total income of ₹2,295.21 lakhs. This includes ₹2,205.55 lakhs from their main business operations and ₹89.66 lakhs from other sources. This is lower compared to the previous quarter, where total income was ₹3,353.30 lakhs, but higher than the same quarter last year, which was ₹2,394.17 lakhs.

Advani Hotels & Resorts India spent ₹1,822.95 lakhs on various costs, such as food, employee expenses, finance costs, depreciation, and other expenses. This spending is lower than the previous quarter's ₹1,915.39 lakhs but higher than the same quarter last year, which was ₹1,772.53 lakhs.

Advani Hotels & Resorts India’s After deducting expenses, the profit before tax was ₹472.26 lakhs for this quarter, down from ₹1,437.91 lakhs in the previous quarter. The company’s profit after tax, which is the final profit, was ₹361.23 lakhs, compared to ₹1,059.37 lakhs in the previous quarter.

Advani Hotels & Resorts India earnings per share for this quarter were ₹0.39, down from ₹1.15 in the previous quarter and ₹0.50 in the same quarter last year. Overall, the company's performance has seen a decrease in income and profit compared to earlier periods.

Here is a summary of the financial results:

Advani Hotels & Resorts India Stock Performance

Advani Hotels & Resorts India table provides key financial details. The company’s market capitalization is ₹697 crores, which represents its total value based on its stock price. The current stock price is ₹75.40, with a highest price of ₹91.60 and a lowest price of ₹41.80 over a certain period. The Price-to-Earnings (P/E) ratio of 29.1 indicates how much investors are willing to pay for each rupee of earnings. 

Here's the stock information in table format:

Quarterly Results 

Here is the table for Dec 2023, Mar 2024, and Jun 2024 with particulars:

About Advani Hotels & Resorts India 

Advani Hotels & Resorts, known as ADVANIHOTR, is a public company founded in 1987 and based in Mumbai. It is listed on both the Bombay Stock Exchange and the National Stock Exchange of India. The company operates the Caravela Beach Resort Goa, a luxurious 5-star golf resort located on Varca Beach in South Goa. This resort, designed by the renowned architectural firm WATG, covers 23 acres and features a 275-meter-long beachfront, landscaped gardens, and a golf course created by the international landscape architect Belt Collins.

The Caravela Beach Resort has earned several prestigious awards, including the Booking.com Travellers Review Award from 2018 to 2023 and the TripAdvisor Travellers’ Choice Award in 2021 and 2023, placing it among the top 10% of hotels globally.

Advani Hotels & Resorts financial performance for the fiscal year 2022-2023 shows strong results. Advani Hotels & Resorts is debt-free and has been paying dividends to its shareholders consistently for the past decade, except for the year 2020-2021 due to the COVID-19 pandemic. The company is led by Mr. Sunder G. Advani as Chairman & Managing Director, Mr. Prahlad S. Advani as CEO & Whole-Time Director, and Mr. Haresh G. Advani as Executive Director, supported by a respected Board of Independent Directors.