24 Jul 2019 | 4:21 AM


Advani Hotels Q4 net profit jumps 61.50% at Rs 6.88 cr
  Advani Hotels & Resorts (India) Ltd. | 22 Jul 2019 | 03:41 PM
Published on 05-10-2019
The company reported standalone net profit of Rs 6.88 crore for the quarter ended March 31 2019 as compared to Rs 4.26 crore in the same period last year registering a year-on-year growth of 61.50 per cent.

Net revenue of the company rose moderately by 16.17 per cent at Rs 22.85 crore in January-March quarter of this fiscal as against Rs 19.67 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 3.51 per cent to Rs 12.97 crore from Rs 12.53 crore in year ago period.

Other Income grew by 326.32 per cent at Rs 0.81 crore versus (Mar`18 Rs 0.19 crore).

Operating Profit surged by 38.38 per cent to Rs 9.88 crore as against Rs 7.14 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 19.16 per cent in March quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore while Taxation increased by 33.18 per cent at Rs 2.89 crore (Mar`18 Rs 2.17 crore).