24 Jul 2019 | 10:58 AM

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COMPANYNEWS
Advani Hotels Q4 net profit up 4.93% at Rs 4.26 cr
  Advani Hotels & Resorts (India) Ltd. | 24 Jul 2019 | 10:49 AM
Published on 05-17-2018
The company reported standalone net profit of Rs 4.26 crore for the quarter ended March 31 2018 as compared to Rs 4.06 crore in the same period last year registering a year-on-year growth of 4.93 per cent.


Net revenue of the company rose moderately by 9.46 per cent at Rs 19.67 crore in January-March quarter of this fiscal as against Rs 17.97 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 11.58 per cent to Rs 12.53 crore from Rs 11.23 crore in year ago period.


Other Income dipped by 57.78 per cent at Rs 0.19 crore versus (Mar'17 Rs 0.45 crore).


Operating Profit surged by 5.93 per cent to Rs 7.14 crore as against Rs 6.74 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.28 per cent in March quarter.


Interest declined by 66.67 per cent y-o-y to Rs 0.01 crore while Taxation increased by 0.93 per cent at Rs 2.17 crore (Mar'17 Rs 2.15 crore).