Gujarat Hotels Q2 Results Revenue Rises to ₹0.71 Crore

Gujarat Hotels Q2 Results: The Gujarat Hotels table shows important financial information for the second quarter (Q2) of 2024. When we look at the year-on-year (YoY) comparisons, we see that the total revenue for Q2 is ₹0.71 crore, which is an increase of 7.09% from the same period last year. However, the net income shows a different story. It has decreased by 21.51% YoY, dropping to ₹0.72 crore. This means the company made less profit compared to the previous year.

Looking at the Gujarat Hotels’ quarter-on-quarter (QoQ) performance, we can see some changes as well. The total revenue rose by 4.78% compared to the first quarter (Q1) of 2024, which was ₹0.68 crore. Net income fell sharply by 42.6% QoQ, indicating that profit was significantly lower than in the previous quarter.

Gujarat Hotels’ selling, general, and administrative expenses increased by 7.73% QoQ but decreased by 26.55% YoY. This indicates that the company has been controlling costs effectively over the past year. 

Here’s a simplified summary of Gujarat Hotels' Q2 financial results:

Source: Here 

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Gujarat Hotels Q2 Results

Gujarat Hotels earned ₹70.81 Lakhs from its operations for the three months ending on September 30, 2024. This amount increased compared to ₹66.12 Lakhs earned during the same period last year. The total income, including other income, was ₹154.77 Lakhs. The company's expenses were ₹12.87 Lakhs, which is less than the ₹14.12 Lakhs spent in the previous year.

Gujarat Hotels’ profit before tax was ₹141.90  Lakhs, up from ₹120.98 Lakhs a year ago. After paying taxes of ₹69.98 Lakhs, the profit for the period was ₹71.92 Lakhs. The table also shows that the earnings per share for the basic and diluted shares were ₹1.90 for the current period.

Gujarat Hotels showed strong financial performance in the latest quarter, with increased revenues and profits compared to last year. Gujarat Hotels is also maintaining a stable paid-up equity share capital of ₹378.75 Lakhs. 

Here’s the information from the image you provided, organized into a clear table format:

(Rs. in Lakhs)

Gujarat Hotels Stock Metrics

Gujarat Hotels’ current price of one share is ₹226. Over the past year, the share price has reached a high of ₹261 and a low of ₹146. The stock has a price-to-earnings (P/E) ratio of 18.9, indicating how much investors are willing to pay for its earnings. The book value per share is ₹119, representing the company's asset value. It offers a dividend yield of 1.10%, meaning shareholders earn this percentage from dividends. 

Here's the financial data presented in a table format:

Quarterly Results 

In the financial results for Gujarat Hotels from Referthis, the company reported mixed performance for March, June, and September 2024. In March, sales were strong at 1.08 crores, with an operating profit of 0.98 crores and a net profit of 1.34 crores, reflecting healthy earnings and effective cost management. However, in June, sales fell to 0.68 crores, and operating profit dropped to 0.57 crores, leading to a slight decrease in net profit to 1.25 crores.

Here are the quarterly results for Referthis, focusing only on March 2024, June 2024, and September 2024:

(in Rs. Crores)

About Gujarat Hotels 

Gujarat Hotels is a company connected to ITC and was started in 1982. It is known for owning the Welcome Hotel Vadodara, located in the city of Vadodara, Gujarat. The hotel is operated by ITC , which manages its day-to-day activities under a special agreement. The Welcomhotel Vadodara is a five-star hotel that offers guests a unique experience inspired by the traditional stepwells found in Gujarat. With its luxurious accommodations and excellent services, the hotel aims to provide a comfortable and memorable stay for visitors to the city.