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Live Results for Gujarat Hotels in Q4 FY24: Year-over-year profit increases by 7.91%



Delta Corp Share Price Live blog for 22 Jan 2024

Gujarat Hotels recently disclosed its Q4 FY24 financial results on April 18, 2024, showcasing a 1.35% decrease in revenue compared to the previous year. However, the company saw a promising 7.91% increase in profit year-over-year.

During the same quarter, Gujarat Hotels experienced a 2.57% growth in revenue and a significant 10.98% increase in profit. The Selling, general & administrative expenses also displayed a notable decline of 11.63% quarter-over-quarter and a 21.33% decrease year-over-year. Operating income showed positive growth with a 2.27% increase quarter-over-quarter, despite a slight 0.88% decrease year-over-year. The Earnings Per Share (EPS) for Q4 FY24 was reported to be ₹3.54, reflecting a 7.7% increase year-over-year.

Investors have witnessed impressive returns from Gujarat Hotels, with a 13.75% return in the last week, 31.33% return in the last 6 months, and a 30.34% year-to-date return. Currently, Gujarat Hotels holds a market capitalization of ₹78.67 Cr, with a 52-week high/low of ₹238.9 and ₹139.85 respectively.

The company’s financial performance in Q4 FY24 indicates resilience and strategic decision-making, leading to positive outcomes despite certain challenges. With a strong focus on cost management and revenue growth, Gujarat Hotels has managed to deliver value to its stakeholders and investors. Stay updated on Gujarat Hotels’ quarterly results as the company continues on its growth trajectory.

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