Bharat Hotels FY24 Results - Profit Jump! Should Investors Hold or Exit? | Stock Market News
Bharat Hotels FY24 Results are out. Let's find out everything in just 1 minute!
Revenue and Profitability: Bharat Hotels saw an 8% growth in revenue, rising from ₹800 crore in FY23 to ₹862 crore in FY24. This growth came from increased room bookings and food & beverage sales. And profits? There's been a massive 71% jump in profits! From ₹50 crore in FY23 to ₹85 crore in FY24. Due to this growth, the EPS (Earnings Per Share) also surged from 7 to 11.
Financial Position: The total assets of the company have declined by 6%, from ₹2,474 crore in FY23 to ₹2,337 crore in FY24. This was mainly due to a 2% decline in property, plant, and equipment.
Valuation: The FY24 results for Bharat Hotels unlisted shares are not that impressive, and the company is considered overvalued. Its PE ratio stands at 70, which is significantly higher than the industry average of 47. Therefore, existing investors might consider profit booking and explore better investment opportunities by connecting with Planify.
About Bharat Hotels Pre IPO:
Bharat Hotel operates and manages hotels, palaces, and resorts in India, operating 12 luxury hotels, palaces, and resorts under the brand name of "The Lalit". The company also operates two mid-market segment hotels under The Lalit Traveler brand across India's key business and leisure travel destinations, offering 2,261 rooms. In addition, the company operated 45 restaurants, bars, and bakery outlets under the brand names of 24/7, Baluchi, OKO, The LaLiT Boulangerie, and Kitty Su; and 50 banquet and conference halls. Further, it provides outdoor catering services, as well as operates food trucks; and offers education and training services to students in the hospitality industry, as well as aircraft charter services.
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