Astounding profit growth of Soaltee Hotel by 384.55% to Rs 3.15 crore in Q1; EPS mere Rs 2.4

Soaltee Hotel Limited (SHL), a leading five-star hotel of the country, has reported 384.55 percent rise in its net profit in the first quarter of the current fiscal year 2073/74. Publishing the unaudited report for the first quarter today, the company has stated that its net profit after tax has increased to Rs 3.15 crore in the first quarter compared to Rs 65.07 lakh in the corresponding quarter of the last fiscal year 2072/73. Its operating profit has also increased to Rs 6.69 crore in Q1 from Rs 2.81 crore in the corresponding quarter of the last fiscal year. Soaltee Hotel has a share capital of Rs 52.65 crore in the first quarter of the fiscal year 2073/74. Its reserves and retained earning has slightly dropped to Rs 76.84 crore in Q1 compared to Rs 77.78 crore in the same period corresponding quarter. Its total income from operations had risen from Rs 22.21 crore in the corresponding quarter to Rs 29.41 crore in this quarter. Its annualized Earnings per Share (EPS) stands at Rs 2.4, net worth per share is at Rs 24.59 and P/E ratio at 764.82 times.