Espire Hospitality Q1 Results Total Revenue ₹16.63 crores & Net Income ₹0.03 crores

Espire Hospitality Q1 Results: Espire Hospitality showed interesting financial results in the first quarter of 2024, . Their Total Revenue was ₹16.63 crores, which is a significant increase of 68.10% when compared to the previous quarter (QoQ), where revenue was ₹8.08 crores. Year-over-year (YoY), the revenue also rose by 74.31% from ₹9.54 crores last year. However, when we look at the Net Income, it tells a different story. The company reported a net income of just ₹0.03 crores, which is a drop of 96.02% YoY from ₹0.70 crores last year. This decline in net income is a concern because it shows that while revenue is growing, the company is not keeping enough profit.

Espire Hospitality’s Operating Income also fell to ₹0.05 crores, down by 89.56% QoQ from ₹0.53 crores. This shows the company faced higher costs. The Selling/General/Admin Expenses increased sharply to ₹5.62 crores, up 65.78% QoQ and 98.53% YoY, indicating that expenses are rising faster than revenue. Overall, while the revenue figures look good, the sharp drops in net and operating income highlight the need for Espire Hospitality to manage costs better to improve profitability in the future.

Here's the Q1 financial results for Espire Hospitality, presented in a simple format:

(All figures in crores except per share values)

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 result

Espire Hospitality Q1 Results

The financial results for Espire Hospitality show important information about the company's performance for the period ending on June 30, 2024. The total revenue from operations was ₹1,663.28 lakhs, which is a significant increase compared to ₹989.43 lakhs in the previous quarter and ₹950.60 lakhs from the same time last year. This suggests that the company is generating more income from its services. Additionally, the company earned ₹78.79 lakhs in other income, bringing the total income to ₹1,742.07 lakhs.

Espire Hospitality spent ₹1,738.00 lakhs in total. The largest expense was employee benefits, which amounted to ₹561.67 lakhs, showing the company's investment in its workforce. Other major costs included materials consumed, finance costs, and depreciation.

Espire Hospitality After subtracting expenses from total income, the profit before tax was only ₹4.07 lakhs, down from ₹23.88 lakhs last quarter and ₹83.68 lakhs last year. This decrease indicates that while revenues are rising, expenses are also increasing significantly. The company reported a profit of ₹3.05 lakhs after taxes. Overall, Espire Hospitality shows growth in revenue but faces challenges with rising costs, impacting profitability.

Here’s a summary of the financial results:

(Amount in Lakhs)

Espire Hospitality Financial Metrics

Espire Hospitality financial table shows important information about the company’s performance. The market capitalization, ₹ 265 crore, indicates the total value of the company in the stock market. The current stock price is ₹ 196, with a high of ₹ 254 and a low of ₹ 26.8 over a certain period. The stock has a high price-to-earnings ratio of 140, which can mean it's seen as a growth stock. 

Here's the financial data in a table format:

Quarterly Results 

In the table for Espire Hospitality for December 2023, March 2024, and June 2024, we see important financial figures. In December 2023, sales reached 11.46 crores, with expenses of 9.36 crores, leading to an operating profit of 2.10 crores. By March 2024, sales dropped to 9.89 crores, while expenses were 8.72 crores, resulting in a lower operating profit of 1.17 crores. In June 2024, sales increased significantly to 16.63 crores, with expenses rising to 15.03 crores. 

Here are the quarterly results for December 2023, March 2024, and June 2024:

(Rs. Crores)

About Espire Hospitality 

Espire Hospitality is a well-respected name in the hotel industry, founded over 20 years ago by the late Mrs. Sadhana Rai. She started the journey with Country Inn Hotels & Resorts in 1993, aiming to create special family vacations in India. Espire began with beautiful locations like Bhimtal and Mussoorie, focusing on heartfelt hospitality and excellent guest care. These values guide everything they do. The brand includes popular names like Six Senses Fort Barwara and ZANA Luxury Resorts, each designed to offer a peaceful and luxurious stay. 

Espire is expanding into important areas like Ayodhya, Goa, and Udaipur to reach more guests. They believe hospitality is about making guests feel at home and ensuring their comfort. The team at Espire is dedicated to providing memorable experiences while supporting each other in a positive work environment. Espire Hospitality is proud of its legacy and excited for the future.