Gujarat Hotels Q2 Results Live : On October 15, 2024, Gujarat Hotels announced their Q2 results, revealing a mixed performance for the quarter. The company’s topline saw a growth of 7.09% year-on-year, while profit experienced a significant decline of 21.51% compared to the same period last year.
In comparison to the previous quarter, revenue grew by 4.78%, but profit plunged 42.6%, raising concerns among investors and analysts alike regarding the company’s profitability trends.
The selling, general, and administrative expenses rose by 7.73% quarter-on-quarter, although they saw a decrease of 26.55% year-on-year, indicating some cost control measures are in place.
Operating income demonstrated a positive trend, up by 3.06% quarter-on-quarter and 11.42% year-on-year, which suggests that core operations are still performing relatively well despite the profit drop.
Earnings per share (EPS) for Q2 stood at ₹1.9, marking a decrease of 21.49% year-on-year, which may impact investor sentiment going forward.
Despite these challenges, Gujarat Hotels has delivered a return of 2.07% in the last week, 15.42% over the past six months, and an impressive 42.36% year-to-date, showcasing resilience in its stock performance.
As of now, Gujarat Hotels holds a market capitalization of ₹85.92 crore, with a 52-week trading range between ₹146.1 and ₹261, reflecting considerable volatility in the market.
Gujarat Hotels Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 0.71 | 0.68 | +4.78% | 0.66 | +7.09% |
| Selling/ General/ Admin Expenses Total | 0.04 | 0.04 | +7.73% | 0.06 | -26.55% |
| Depreciation/ Amortization | 0.01 | 0.01 | +0.85% | 0.01 | -0% |
| Total Operating Expense | 0.13 | 0.11 | +13.29% | 0.14 | -8.85% |
| Operating Income | 0.58 | 0.56 | +3.06% | 0.52 | +11.42% |
| Net Income Before Taxes | 1.42 | 1.34 | +6.12% | 1.21 | +17.29% |
| Net Income | 0.72 | 1.25 | -42.6% | 0.92 | -21.51% |
| Diluted Normalized EPS | 1.9 | 3.31 | -42.6% | 2.42 | -21.49% |
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