Rise in Operation Revenue of Taragaon Regency Results in Massive 476.52% Increment in Net Profit To Rs. 23.8 Crore in Q3 of FY 2079/80
Sun, May 14, 2023 2:35 PM on Latest,
Taragaon Regency Hotel (TRH) has published its third-quarter for the fiscal year 2079/80 report with a massive incline in Net Profit by 476.52 % compared to the corresponding quarter of the previous fiscal year. The company has recorded an impressive Net Profit of Rs. 23.88 crores.
The company which operates the Hyatt Regency Hotel, has made increments in investments as well. The company after increasing its investments by 27% has Rs. 1.32 Arba worth of investments.
Similarly, the revenue from the operations of the company has increased significantly by 116.64% to amount to Rs. 90.61 crores as of the third quarter of the current fiscal year, which too has contributed to the profitability of the company.
The company which has Rs. 1.88 Arba as paid-up capital has made an addition of 82.79 % in reserves which is Rs. 51.39 crores, putting the company in good financial standing.
TRH maintains an Earning per Share (EPS) of Rs.16.88 as opposed to previous EPS of only Rs 2.93.
Similarly, Taragaon Regency Hotel has a Net Worth per Share of Rs. 127.24 and a Price per Earning (P/E) Ratio of 27.55 times.
Meanwhile, the closing price of the company’s shares was Rs. 465 until the end of Q3 for current fiscal year.
Major Financial Highlights:
| Particulars (Rs in 000) | Taragaon Regency Hotel | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 1,886,654 | 1,886,654 | 0.00% |
| Reserve | 513,940 | 281,167 | 82.79% |
| Property Plant and Equipment | 1,715,522 | 1,620,108 | 5.89% |
| Advances and Deposits | 215,196 | 195,809 | 9.90% |
| Investments | 1,327,379 | 1,037,150 | 27.98% |
| Cash and cash Equivalent | 156,177 | 170,775 | -8.55% |
| Revenue from Operations | 906,177 | 418,295 | 116.64% |
| Other Income | 5,861,918 | 4,317,117 | 35.78% |
| Operational Expenses and other costs of Operation | 456,567 | 258,156 | 76.86% |
| Administrative Overhead | 205,907 | 147,123 | 39.96% |
| Net Profit | 238,846 | 41,429 | 476.52% |
| Annualized EPS (In Rs.) | 16.88 | 2.93 | 476.52% |
| Net Worth per Share (In Rs.) | 127.24 | 125.28 | 1.56% |
| Qtr End P/E Ratio | 27.55 | - | 0.00% |
| Qtr End Price | 465 | - | 0.00% |
