UP Hotels, a leading hospitality company, declared their Q3 FY24 results on 13th February 2024. The company witnessed a significant growth in both revenue and profit compared to the same quarter last year. The topline increased by 12.86% year-on-year (YoY), while the profit surged by an impressive 31.43% YoY.
When compared to the previous quarter, UP Hotels experienced a remarkable growth in revenue of 91.28% and an outstanding increase in profit of 1879.36%.
The Selling, General & Administrative (SG&A) expenses also saw an upward trend. The expenses rose by 27.02% quarter-on-quarter (q-o-q) and increased by 12.76% YoY.
Furthermore, the operating income showed a remarkable improvement. It was up by a staggering 7155.22% q-o-q and increased by 25.77% YoY.
In terms of earnings per share (EPS), UP Hotels reported ₹24.86 for Q3 FY24, which increased by an impressive 31.4% YoY.
Looking at the company's stock performance, UP Hotels delivered a negative return of -0.84% in the last 1 week. However, it has shown strong growth over the past 6 months with a return of 62.84%. Year-to-date (YTD), the company has achieved a return of 55.03%.
As of now, UP Hotels has a market capitalization of ₹728.97 Cr. Its 52-week high and low stand at ₹1421 and ₹551.5 respectively.
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