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.
UP Hotels Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 46.91 | 24.52 | +91.28% | 41.56 | +12.86% |
| Selling/ General/ Admin Expenses Total | 11.1 | 8.74 | +27.02% | 9.85 | +12.76% |
| Depreciation/ Amortization | 2.13 | 1.91 | +11.6% | 1.91 | +11.62% |
| Total Operating Expense | 30.41 | 24.76 | +22.84% | 28.45 | +6.9% |
| Operating Income | 16.5 | -0.23 | +7155.22% | 13.12 | +25.77% |
| Net Income Before Taxes | 17.72 | 0.91 | +1855.46% | 13.65 | +29.84% |
| Net Income | 13.43 | 0.68 | +1879.36% | 10.22 | +31.43% |
| Diluted Normalized EPS | 24.86 | 1.26 | +1873.02% | 18.92 | +31.4% |
FAQs
What is the Q3 FY24 profit/Loss as per company?
₹13.43Cr
What is Q3 FY24 revenue?
₹46.91Cr
