Benares Hotels Q1 Results Decline in Total Income to ₹2,435.16 Lakh and Net Profit to ₹643.22 Lakh

Benares Hotels announced its Q1 results for the 2024-2025 fiscal year, highlighting a significant drop in revenue. The total income for the quarter ending June 30, 2024, was ₹2,300.42 lakh, reflecting a decline of 37.22% QoQ compared to ₹3,664.22 lakh in the previous quarter.

However, when looking at year-over-year (YoY) growth, the results show a challenging environment with a revenue dip. Key expenses, including employee benefits and operating fees, showed a mixed performance, with depreciation and amortization costs slightly up by 3.13% QoQ to ₹149.34 lakh.

Despite the lower revenue, Benares Hotels managed to maintain its financial stability, with a profit before tax of ₹860.54 lakh, which is a decrease of 43.99% QoQ from the previous quarter’s ₹1,536.52 lakh.

The net profit after tax came in at ₹643.22 lakh, down by 44.53% QoQ from ₹1,159.34 lakh in the previous quarter, indicating a tough period for the hospitality industry. However, the Earnings Per Share (EPS) for Q1 stood at ₹49.48, which reflects the company's commitment to cost control and operational efficiency amidst challenging conditions.

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Benares Hotels Q1 Results 2024 - 2025

Benares Hotels recently released its Q1 results for the fiscal year 2024-2025, showing a decline in both revenue and profits compared to the previous quarter. The company faced a challenging period with a significant drop in total income and profits, reflecting the broader market conditions affecting the hospitality sector.

Below is a summary of the key financial figures for the quarter ended June 30, 2024:

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Benares Hotels Current Market Overview

Benares Hotels is currently trading at ₹7,932 per share on the Bombay Stock Exchange (BSE: 509438), with a market capitalization of ₹1,031 crore. The stock has seen a high of ₹10,051 and a low of ₹5,500 over the past year, showing a moderate range of price fluctuation.

With a price-to-earnings (P/E) ratio of 28.5, the company is considered reasonably valued by the market. It offers a dividend yield of 0.32%, reflecting a modest return to shareholders.

Additionally, the company shows strong profitability with a Return on Capital Employed (ROCE) of 40.6% and a Return on Equity (ROE) of 31.1%, indicating efficient use of capital and good financial health.

Quarterly Results

Here are the recent quarterly results for Benares Hotels for the periods ending in December 2023, March 2024, and June 2024. The data highlights the company's performance over these three quarters, focusing on key financial metrics such as sales, expenses, and net profit.

About Benares Hotels

Benares Hotels is a hospitality company based in Varanasi, Uttar Pradesh, India. It operates several well-known hotels, including the Taj Ganges, a peaceful retreat set in 40 acres of tropical gardens, and the historic Nadesar Palace, both located in Varanasi.

The company also runs the Ginger Hotel in Gondia, Maharashtra. Founded in 1971, Benares Hotels became a subsidiary of The Indian Hotels Company in 2011. With a focus on providing exceptional service and a comfortable stay for guests, the company continues to be a key player in India's hospitality sector.

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