Quarterly Results: Indian Hotels Co Ltd
Shital Jibhe / 05 Nov 2016
Indian Hotels Co. Ltd., is currently trading at Rs. 112.85, up by 3.85 points or 3.53% from its earlier closing of Rs. 109 on the BSE. The quarter's revenue has marginally reduced by 1.1% yoy to Rs 885 cr.
Technical View:
Indian Hotels Co. Ltd., is currently trading at Rs. 112.85, up by 3.85 points or 3.53% from its earlier closing of Rs. 109 on the BSE.
The scrip has touched a high and low of Rs. 116.5 and Rs. 106.7 respectively, after opening at 109.05. Altogether 1220382(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 100 DMA.
Consolidated Results Q2FY17: (Rs. in crore)
***EBITDA margin change in bps
The Indian Hotels has reported its Q2FY17 numbers as a mixed bag when compared to Bloomberg estimates. Revenue has come in 2.8% above the estimate of Rs 861 cr and net loss is reported 3.3 times greater than estimate of Rs 6.2 cr.
The quarter's revenue has marginally reduced by 1.1% yoy to Rs 885 cr.
Indian Hotel's EBITDA has surged by 22.4% yoy to Rs 71 cr while EBITDA margins have extended by 153 bps yoy to 8%. This was anchored by 10% and 6% yoy reduction in Fuel, power & Light and employee benefit expenses respectively.
The company's net loss for the quarter is quoted at Rs 27 cr compared to net loss of Rs 152 cr in corresponding quarter of the previous year.
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