2024-10-17 10:14:47 :
Gujarat Hotels Second Quarter Results Live Release: On October 15, 2024, Gujarat Hotels announced their second quarter results, showing mixed results for the quarter. The company’s revenue increased by 7.09% year-on-year, and its profit dropped significantly by 21.51% year-on-year.
Compared with the previous quarter, revenue increased by 4.78%, but profits fell by 42.6%, causing investors and analysts to worry about the company’s earnings trends.
Selling expenses, general expenses and administrative expenses decreased by 26.55% year-on-year, but increased by 7.73% month-on-month, indicating that cost control measures have been put in place.
Operating income showed a positive trend, with a month-on-month increase of 3.06% and a year-on-year increase of 11.42%, which shows that despite the decline in profits, the core business is still performing well.
Second quarter earnings per share (EPS) were $1.9, a year-on-year decrease of 21.49%, which may affect investor sentiment in the future.
Despite these challenges, Gujarat Hotels returned an impressive 2.07% last week, 15.42% over the past six months, and 42.36% year-to-date, showing the resilience of its stock performance.
As of now, the market capitalization of hotels in Gujarat is $85.92 Crore and the 52-week trading range is $146.1 and $261, reflecting considerable market volatility.
Hotel Finance in Gujarat
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 0.71 | 0.68 | +4.78% | 0.66 | +7.09% |
| Total Selling/General/Administrative Expenses | 0.04 | 0.04 | +7.73% | 0.06 | -26.55% |
| Depreciation/Amortization | 0.01 | 0.01 | +0.85% | 0.01 | -0% |
| total operating expenses | 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 tax | 1.42 | 1.34 | +6.12% | 1.21 | +17.29% |
| net income | 0.72 | 1.25 | -42.6% | 0.92 | -21.51% |
| Diluted normalized earnings per share | 1.9 | 3.31 | -42.6% | 2.42 | -21.49% |
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