17 Jul 2019 | 6:58 AM

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COMPANYNEWS
Advani Hotels Q3 net profit down 25.99% at Rs 2.79 cr
  Advani Hotels & Resorts (India) Ltd. | 16 Jul 2019 | 04:01 PM
Published on 02-15-2019
The company reported standalone net profit of Rs 2.79 crore for the quarter ended December 31 2018 as compared to Rs 3.77 crore in the same period last year registering a year-on-year decline of 25.99 per cent.


Net revenue of the company rose by 0.95 per cent at Rs 20.09 crore in October-December quarter of this fiscal as against Rs 19.90 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 15.85 per cent to Rs 15.57 crore from Rs 13.44 crore in year ago period.


Other Income grew by 69.23 per cent at Rs 0.22 crore versus (Dec`17 Rs 0.13 crore).


Operating Profit slipped by 30.03 per cent to Rs 4.52 crore as against Rs 6.46 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 30.71 per cent in December quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.02 crore while Taxation decreased by 46.60 per cent at Rs 1.02 crore (Dec`17 Rs 1.91 crore).