The total income in the quarter under review stood at Rs 411 crore which was up 7% YoY over Rs 384 crore in the year ago period.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the April-June quarter stood at Rs 161 crore, a 42% surge compared to Rs 113 crore in the year ago period.
As per the BSE shareholding data, Kedia held 20,25,000 equity shares which represented 1% stake in the company.
After remaining a laggard, the stock has seen a bounce back in the past 6 months with the share rallying 12%. It has outperformed the headline indices BSE Sensex which have given returns of 8% and 9%, respectively.
However, the one-year returns of the smallcap stock stand at a negative 17% versus nearly 3% by Nifty and the Sensex. Commenting on the earnings, MD & CEO Manoj Bhat called Q1 a strong quarter. “Our domestic business continues to do very well. Our standalone profit grew by 69% and our PAT margin expanded by 680 bps. Resort performance has been consistent with double-digit revenue growth and sustained occupancy of 85%+ on an expanded inventory base. We have commenced a new expansion project and are focused on achieving our aspiration of 10,000 rooms by FY30,” Bhat said.”Our European operation, HCRO, has improved its performance in a weak seasonal quarter showing resilience amidst multiple economic headwinds. Our consolidated profits were impacted by adverse currency movements largely due to the sharp movement in the Euro. Despite this, our consolidated profits up by 18% YoY,” he added.
Also Read: Bajaj Housing Finance Q1 profit rises 21% to Rs 583 crore, AUM up 24%
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