Soaltee Hotel Limited (SHL) has reported a net profit of Rs. 14.23 crores in the first quarter (Q1) of the fiscal year 2083/84, marking a 15.20% year-on-year increase from Rs. 12.35 crores recorded in the corresponding quarter of the previous fiscal year.
The company’s revenue from operations increased by 14.89% to Rs. 72.14 crores in Q1 2083/84, compared to Rs. 62.79 crores in Q1 2082/83. The growth in operating revenue contributed to the improvement in the company’s overall profitability during the quarter.
Meanwhile, Soaltee Hotel’s administrative expenses increased by 33.88% to Rs. 10.99 crores, while its operational expenses declined marginally by 1.64% to Rs. 8.07 crores.
The company also recorded a significant reduction in finance costs, which fell by 95.70% to Rs. 1 lakh from Rs. 23.22 lakhs in the corresponding period of the previous fiscal year.
Reserves and Surplus Increase 25.15%
The company’s financial position also strengthened during the review period. Reserves and surplus increased by 25.15% to Rs. 2.34 arba, while its paid-up capital stood at Rs. 1.17 arba, reflecting a 15.00% year-on-year increase.
Similarly, Soaltee Hotel’s property, plant and equipment (PPE) increased by 10.63% to Rs. 3.06 arba, indicating continued investment in its assets and infrastructure. The company’s investment stood at Rs. 28.68 crores, marginally declining by 0.04% compared to the previous year.
EPS Stands at Rs. 12.12
At the end of Q1 2083/84, Soaltee Hotel Limited reported a net worth per share of Rs. 299.15, while its earnings per share (EPS) stood at Rs. 12.12.
The company’s quarter-end share price was recorded at Rs. 520, with a price-to-earnings (P/E) ratio of 42.92 at the end of the quarter.
Major Highlights:
| Particulars (Rs. in 000) | Q1 2083/84 | Q1 2082/83 | Difference |
|---|---|---|---|
| Paid-up Capital | 1,175,153 | 1,021,863 | 15.00% |
| Reserves & Surplus | 2,340,374 | 1,870,106 | 25.15% |
| Property, Plant & Equipment | 3,062,728 | 2,768,408 | 10.63% |
| Investment | 286,822 | 286,927 | -0.04% |
| Revenue from Operations | 721,413 | 627,941 | 14.89% |
| Administrative Expenses | 109,950 | 82,125 | 33.88% |
| Operational Expenses | 80,674 | 82,016 | -1.64% |
| Finance Cost | 100 | 2,322 | -95.70% |
| Net Profit | 142,375 | 123,586 | 15.20% |
| EPS (Rs.) | 12.12 | — | — |
| Net Worth per Share (Rs.) | 299.15 | — | — |
| Qtr. End P/E Ratio | 42.92 | — | — |
| Qtr. End Price (Rs.) | 520 | — | — |
