Soaltee Hotel Limited net profit shrinks by 39.16% amid fear of COVID-19 and lockdown enforced, EPS stands at Rs. 1.92
Thu, Jul 16, 2020 11:39 AM on Latest, Financial Analysis,
Soaltee Hotel Limited has posted a net profit of Rs. 14.05 crores in Q3 of FY 2076/2077 compared to Rs. 23.10 crores in the corresponding quarter of the previous year.
The company’s total revenue shrunk by 11.51% due to lockdown enforced in the country by the government form the fear of Covid-19.
The company’s earnings per share have been squeezed to Rs. 1.92 in Q3 of FY 2076/2077 from Rs. 3.47 in corresponding quarter of the previous year. Also, the company sits in fair liquidity with a current ratio of 1.51x. despite the havoc created by the pandemic in the hotel industry around the world.
The company’s Reserve and surplus increased by 6.56% from Rs. 89.42 crores to Rs. 95.30 crores in Q3, 2076/2077. The paid-up capital of the company stood at Rs. 73.26 crores.
The net worth per share of the company stood at Rs. 23.01 in Q3 of FY 2076/2077.
Financial Highlights:
|
Particulars |
Q3, 2076/2077 |
Q3 2075/2076 |
Growth |
|---|---|---|---|
|
Total Paid-up Capital |
732,675,370 |
666,063,740 |
|
|
Reserve and surplus |
953,011,223 |
894,292,336 |
6.56% |
|
Total Revenue |
1,166,871,608 |
1,318,778,683 |
-11.51% |
|
Net Profit |
140,547,702 |
231,034,318 |
-39.16% |
|
Earnings per share (Rs.) |
1.92 |
3.47 |
-44.69% |
|
Net worth per share (Rs.) |
23.01 |
23.42 |
-1.78% |
|
Net Profit Margin (%) |
12.04% |
17.51% |
- |
|
Current Ratio (times) |
1.51 |
1.49 |
- |
|
Return on Equity (%) |
8.33% |
14.80% |
- |
|
Return on Asset (%) |
5.40% |
9.33% |
- |
As per the management, the decrease in revenue is because of the pandemic which led to lockdown all around the world which affected the flow of tourists in the country. The company also notifies that, the liquidity and profitability will be affected in the upcoming quarter.
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