Benares Hotels Q2 Results Live : Benares Hotels has declared its Q2 results on October 18, 2024, revealing a mixed performance for the quarter. While the company experienced a revenue decrease of 5.52% year-over-year, it reported a profit increase of 5.25% for the same period.
In comparison to the previous quarter, Benares Hotels showed positive growth, with revenue rising by 6.39% and profit up by 11.98%. This quarter’s performance highlights the company’s ability to adapt and improve its profitability despite the decline in revenue.
The company’s selling, general, and administrative expenses saw a rise of 3.26% quarter-over-quarter and an increase of 1.07% year-over-year. This increase in expenses might have contributed to the challenges faced in maintaining revenue levels.
Operating income for Benares Hotels was up by 16.1% compared to the previous quarter but saw a slight decrease of 0.15% year-over-year. This indicates a strong rebound from the previous quarter, although the annual performance remains relatively flat.
Earnings per share (EPS) for Q2 stood at ₹55.41, reflecting an increase of 5.26% year-over-year. This uptick in EPS is a positive sign for shareholders, as it suggests improved profitability on a per-share basis.
In terms of market performance, Benares Hotels has delivered a return of 10.78% in the last week, 3.35% over the past six months, and a modest 2.06% year-to-date return. This performance indicates a steady interest in the stock despite the challenges faced this quarter.
Currently, Benares Hotels holds a market capitalization of ₹1188.96 Cr, with a 52-week high of ₹10051 and a low of ₹6017.25. These figures suggest that the stock has experienced significant fluctuations over the past year.
Benares Hotels Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 24.47 | 23 | +6.39% | 25.9 | -5.52% |
| Selling/ General/ Admin Expenses Total | 5.54 | 5.36 | +3.26% | 5.48 | +1.07% |
| Depreciation/ Amortization | 1.53 | 1.49 | +2.33% | 1.48 | +3.58% |
| Total Operating Expense | 15.94 | 15.65 | +1.82% | 17.35 | -8.17% |
| Operating Income | 8.54 | 7.35 | +16.1% | 8.55 | -0.15% |
| Net Income Before Taxes | 9.68 | 8.61 | +12.51% | 9.13 | +6.07% |
| Net Income | 7.2 | 6.43 | +11.98% | 6.84 | +5.25% |
| Diluted Normalized EPS | 55.41 | 49.48 | +11.98% | 52.64 | +5.26% |
Leave a Reply