Hotel industry hit hard by Covid-19; Oriental Hotel Limited reports net loss in Q3
Fri, May 14, 2021 6:58 AM on Latest, Financial Analysis,
Oriental Hotel Limited (OHL) has reported a net loss of Rs. 22.11 crore. The net loss is primarily due to the impact of the COVID-19 outbreak and lockdown imposed by the government. Amongst all these problems, the hotel and tourism industry was the most affected.
Publishing the unaudited report for the third quarter today, the company that runs Hotel Radisson has stated that its net profit after tax has fallen to Rs -22.11 crores in the third quarter compared to a net profit of Rs 11.46 crores in the corresponding quarter of the last fiscal year 2076/77.
Oriental Hotels has a share capital of Rs 1.12 Arba and a reserve/surplus of Rs 88.85 crores till Q3 of the FY 2077/78.
OHL succeeded to collect a total of only Rs 5.59 crore as revenue from operations which was Rs 69.03 crores in the corresponding quarter of the last FY.
Its earnings per share (EPS) stands negative and, its net worth per share is at Rs 178.77.
Major Highlights:
|
Particulars |
Oriental Hotels Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,128,090.44 |
1,128,090.44 |
- |
|
Reserve and Surplus |
888,579.67 |
1,132,085.54 |
-22% |
|
Property, Plant, and Equipment |
2,230,311.48 |
2,386,355.35 |
-7% |
|
Loans and Borrowings |
858,345.42 |
638,484.59 |
34% |
|
Revenue from Operations |
55,972.59 |
690,339.96 |
-92% |
|
Administrative Expenses |
53,103.32 |
108,426.71 |
-51% |
|
Net Profit |
-221,148.55 |
114,696.56 |
- |
|
Earnings per share (Rs.) |
-26.14 |
13.56 |
- |
|
Net worth per share (Rs.) |
178.77 |
200.35 |
- |
|
P/E ratio (times) |
- |
- |
- |
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