COVID-19 and Lockdown results in 64.64% decline in Net Profit of Soaltee Hotel Limited in Q4; EPS at Rs 1.25
Fri, Oct 16, 2020 10:16 AM on Latest, Financial Analysis,
Soaltee Hotel Limited (SHL) has published its fourth-quarter report of fiscal year 2076/2077 with a decrease in Net Profit by 64.64% to Rs. 10.57 crores.
According to the management, the lockdown enforced by the government to contain the virus led to the closure of the hotel decreasing the inflow and occupancy of the rooms impacting the top line of the company.
The paid-up capital of the company stood at Rs. 84.25 crores and retained earnings decreased by 9.72% to Rs. 80.83 crores.
The company’s revenue from core operations decreased to Rs. 1.23 Arba in Q4, 2076/2077 compared to Rs. 1.83 Arba in Q4 of FY 2075/2076. With the decrease in occupancy, the administrative costs of the company have also gone down by 32.07% to Rs. 18.38 crores. The company sits at a fair liquidity position of 1.49 times.
The earnings per share stood at Rs. 1.25 in Q4, 2076/2077 whereas the net worth per share stood at Rs. 19.59. The company traded at 122.71 times the earnings.
Financial Highlights:
| Particulars ('000) | Soaltee Hotel Limited | ||
|---|---|---|---|
| Q4, 2076/2077 | Q4, 2075/2076 | Difference | |
| Paid-up Capital | 842,579.73 | 732,675.37 | 15.00% |
| Retained Earnings | 808,303.54 | 895,374.38 | -9.72% |
| Property, Plant and Equipment | 1,409,973.09 | 1,288,652.63 | 9.41% |
| Investments | 80,000.00 | 90,000.00 | -11.11% |
| Borrowings | 3824.379 | 4908.279 | -22.08% |
| Revenue from operations | 1,238,687.60 | 1,834,328.55 | -32.47% |
| Administrative Expenses | 183,877.68 | 270,704.45 | -32.07% |
| Net Profit | 105,736.26 | 299,010.96 | -64.64% |
| Earnings per share (Rs.) | 1.25 | 4.08 | -69.25% |
| Net worth per share (Rs.) | 19.59 | 22.22 | -11.82% |
| Current Ratio (Times) | 1.49 | 1.58 | -5.46% |
| Qtr End Price (Rs.) | 154 | - | - |
| Qtr End PE ratio (times) | 122.72 | - | - |
| Qtr End P/B ratio (times) | 7.86 | - | - |
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