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- Nicco Parks & Resorts Q1 Results Revenue Decline to ₹2,474.34 Lakhs and Net Profit of ₹878.50 Lakhs
Nicco Parks & Resorts Q1 Results Revenue Decline to ₹2,474.34 Lakhs and Net Profit of ₹878.50 Lakhs
Nicco Parks & Resorts Q1 Results for 2024-2025 showed a 7.55% YoY drop in revenue to Rs. 2,474.34 lakhs but a 35.03% QoQ increase. Nicco Parks & Resorts Q1 Results also reported a 47.37% YoY decrease in net profit to Rs. 878.50 lakhs, despite a 77.98% QoQ rise.
by Madhumitha
Updated Sep 04, 2024
Table of Content
Nicco Parks & Resorts Q1 Results 2024-2025: Nicco Parks & Resorts reported their Q1 results for the fiscal year 2024-2025 on 9 August 2024, showcasing a mixed performance with a year-over-year (YoY) revenue decline of 7.55%.
The company's revenue from operations for the quarter ending 30 June 2024 was Rs. 2,474.34 lakhs, compared to Rs. 2,676.77 lakhs in the same period last year. Despite this YoY decrease, the company observed a sequential quarter-over-quarter (QoQ) improvement of 35.03% from the preceding quarter's revenue of Rs. 1,832.35 lakhs.
The YoY decline in revenue was attributed to increased operational costs and fluctuating market conditions. However, on a positive note, the company's profit before tax saw a substantial QoQ rise of 82.74%, reaching Rs. 1,196.22 lakhs from Rs. 654.56 lakhs in the previous quarter.
The net profit for the quarter stood at Rs. 878.50 lakhs, reflecting a 47.37% YoY decrease but a notable QoQ recovery. The improved profitability metrics indicate that despite the YoY revenue challenges, the company is managing costs effectively and positioning itself for future growth.
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Nicco Parks & Resorts Q1 Results 2024-2025
Here's an overview of Nicco Parks & Resorts's Q1 results for the fiscal year 2024-2025. The company’s performance reflects a combination of challenges and improvements compared to previous periods.
| Metric | Q1 FY 2024-2025 | Q4 FY 2023-2024 | Q1 FY 2023-2024 |
|---|---|---|---|
| Revenue from Operations | Rs. 2,474.34 lakhs | Rs. 1,832.35 lakhs | Rs. 2,676.77 lakhs |
| Other Income | Rs. 99.69 lakhs | Rs. 101.15 lakhs | Rs. 111.33 lakhs |
| Total Income | Rs. 2,574.03 lakhs | Rs. 1,933.50 lakhs | Rs. 2,788.10 lakhs |
| Profit Before Tax | Rs. 1,196.22 lakhs | Rs. 654.56 lakhs | Rs. 1,505.49 lakhs |
| Net Profit | Rs. 878.50 lakhs | Rs. 494.01 lakhs | Rs. 1,664.31 lakhs |
| Earnings Per Share (EPS) | Rs. 1.88 | Rs. 1.06 | Rs. 3.56 |
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Nicco Parks & Resorts Current Market Overview
Nicco Parks & Resorts is currently trading at ₹148 per share, with a market value of ₹693 crore. The stock has recently decreased by 2.47%, and its price has ranged between ₹176 and ₹130. The company has a Price-to-Earnings (P/E) ratio of 37.8, indicating how much investors are willing to pay for each rupee of earnings.
The Book Value per share is ₹15.6, and the company offers a dividend yield of 0.67%. Nicco Parks & Resorts has strong financial performance with a Return on Capital Employed (ROCE) of 43.2% and a Return on Equity (ROE) of 31.3%. The face value of the stock is ₹1.00.
| Metric | Value |
|---|---|
| Current Price | ₹148 |
| Market Cap | ₹693 Cr. |
| High / Low | ₹176 / ₹130 |
| Stock P/E | 37.8 |
| Book Value | ₹15.6 |
| Dividend Yield | 0.67% |
| ROCE | 43.2% |
| ROE | 31.3% |
| Face Value | ₹1.00 |
Q1 Results
The following table presents the key financial metrics for Nicco Parks & Resorts for the quarters ending December 2023, March 2024, and June 2024. It highlights their sales, expenses, operating profit, and net profit, providing an overview of their recent financial performance.
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | 17.56 | 18.32 | 24.74 |
| Expenses | 13.01 | 13.84 | 14.86 |
| Operating Profit | 4.55 | 4.48 | 9.88 |
| OPM % | 25.91% | 24.45% | 39.94% |
| Other Income | 0.93 | 1.01 | 1.00 |
| Interest | 0.00 | 0.00 | 0.01 |
| Depreciation | 0.68 | 0.69 | 0.58 |
| Profit Before Tax | 4.80 | 4.80 | 10.29 |
| Tax % | 28.96% | 25.21% | 27.21% |
| Net Profit | 3.41 | 3.60 | 7.50 |
| EPS in Rs | 0.73 | 0.77 | 1.60 |
About Nicco Parks & Resorts
Nicco Parks & Resorts, established in 1989, is a leading company in the theme-based entertainment industry. Based in Kolkata, it operates Eastern India’s first theme park and offers a variety of attractions, including amusement parks, water parks, and family-friendly rides.
The company is known for its collaboration with Nicco Corporation and the Government of West Bengal, and it benefits from technical advice provided by Blackpool Leisure and Amusement Consultancy from the UK. Nicco Parks & Resorts not only runs entertainment facilities but also provides technical consultancy and supplies rides for amusement parks in India and abroad.
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Nicco Parks & Resorts Q1 Results- FAQs
1. What was Nicco Parks & Resorts’ revenue from operations for Q1 FY 2024-2025?
Nicco Parks & Resorts reported revenue from operations of ₹2,474.34 lakhs.
2. How much did Nicco Parks & Resorts earn in other income during Q1 FY 2024-2025?
Nicco Parks & Resorts earned ₹99.69 lakhs in other income.
3. What was the total income for Nicco Parks & Resorts in Q1 FY 2024-2025?
The total income for Nicco Parks & Resorts was ₹2,574.03 lakhs.
4. What was Nicco Parks & Resorts’ profit before tax for Q1 FY 2024-2025?
Nicco Parks & Resorts reported a profit before tax of ₹1,196.22 lakhs.
5. How much net profit did Nicco Parks & Resorts achieve in Q1 FY 2024-2025?
Nicco Parks & Resorts achieved a net profit of ₹878.50 lakhs.
6. What was the Earnings Per Share (EPS) for Nicco Parks & Resorts in Q1 FY 2024-2025?
The EPS for Nicco Parks & Resorts was ₹1.88.
7. How did Nicco Parks & Resorts' revenue from operations in Q1 FY 2024-2025 compare to Q4 FY 2023-2024?
Nicco Parks & Resorts’ revenue from operations increased from ₹1,832.35 lakhs in Q4 FY 2023-2024 to ₹2,474.34 lakhs in Q1 FY 2024-2025.
8. What was the total income for Nicco Parks & Resorts in Q4 FY 2023-2024?
The total income for Nicco Parks & Resorts was ₹1,933.50 lakhs in Q4 FY 2023-2024.
9. How much did Nicco Parks & Resorts report as net profit in Q4 FY 2023-2024?
Nicco Parks & Resorts reported a net profit of ₹494.01 lakhs in Q4 FY 2023-2024.
10. What was the net profit for Nicco Parks & Resorts in Q1 FY 2023-2024?
The net profit for Nicco Parks & Resorts was ₹1,664.31 lakhs in Q1 FY 2023-2024.