Soaltee Hotel reports negative earnings in Q3; Look at the major highlights

Mon, May 17, 2021 6:14 AM on Latest, Financial Analysis,

Soaltee Hotel Limited has posted a net loss of Rs. 13.66 crores in Q3 of FY 2077/2078 compared to a net profit of Rs. 14.05 crores in the corresponding quarter of the previous year.

The company’s total revenue shrunk by 74% due to lower inflow of the tourist and fewer events due to the fear of Covid-19.

The company’s Reserve and surplus decreased by 30% from Rs. 95.30 crores to Rs. 67.05 crores in Q3, 2077/2078. The paid-up capital of the company stood at Rs. 84.25 crores.

The net worth per share of the company stood at Rs. 17.96 in this quarter.

Click here for the Q3 report

Financial Highlights:

Particulars

Soaltee Hotel Limited

Q3, 2077/2078

Q3, 2076/2077

Difference

Paid-Up Capital

842,579.73

732,675.37

15%

Reserve and Surplus

670,567.23

953,011.22

-30%

Property, Plant, and Equipment

1,371,360.47

1,413,613.43

-3%

Loans and Borrowings

81,127.57

4,207.62

1828%

Revenue from Operations

308,747.50

1,166,871.61

-74%

Administrative Expenses

58,085.89

173,382.77

-66%

Employee Benefit Expenses

141,422.507

393,556.396

-64%

Net Profit

-136,638.56

140,547.70

-

Earnings per share (Rs.)

-2.16

2.56

-

Net worth per share (Rs.)

17.96

23.01

-

P/E ratio (times)

-

-

-