Gujarat Hotels Q2 Results Live: On October 15, 2024, Gujarat Hotels announced its Q2 results, revealing a mixed performance for the quarter. The company’s revenue saw a growth of 7.09% year-on-year, while profits saw a significant drop of 21.51% compared to the same period last year.
Compared to the previous quarter, revenue grew 4.78%, but profits plummeted 42.6%, raising concerns among investors and analysts alike about the company’s profitability trends.
Selling, general and administrative expenses increased by 7.73% quarter-on-quarter, although they experienced a decrease of 26.55% year-on-year, indicating that some cost control measures have been implemented.
Operating income showed a positive trend, increasing 3.06% quarter-on-quarter and 11.42% year-on-year, suggesting that core operations continue to perform relatively well despite the decline in profits.
Second quarter earnings per share (EPS) stood at $1.9, which represents a decrease of 21.49% year-on-year, which may affect investor confidence in the future.
Despite these challenges, Gujarat Hotels has returned 2.07% in the last week, 15.42% in the last six months and an impressive 42.36% so far this year, proving the resilience of the performance of its actions.
As of now, Gujarat Hotels has a market capitalization of $85.92 crore, with a trading range of 52 weeks between $146.1 and $261, reflecting considerable volatility in the market.
Financial information of hotels in Gujarat
| Period | Q2 | Q1 | Quarter-on-quarter 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 expense | 0.13 | 0.11 | +13.29% | 0.14 | -8.85% |
| Operating income | 0.58 | 0.56 | +3.06% | 0.52 | +11.42% |
| Net profit before taxes | 1.42 | 1.34 | +6.12% | 1.21 | +17.29% |
| Net income | 0.72 | 1.25 | -42.6% | 0.92 | -21.51% |
| Diluted Normalized EPS | 1.9 | 3.31 | -42.6% | 2.42 | -21.49% |
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