Soaltee Hotel Limited (SHL) has reported a net profit of Rs. 76.11 crores in the fourth quarter (Q4) of fiscal year 2082/83, compared to Rs. 65.33 crores in the corresponding period of the previous fiscal year.
The company has posted growth across key financial indicators, with operating revenue, reserves and surplus, and paid-up capital all increasing during the review period.
Operating Revenue Grows 13.49%
Soaltee Hotel’s revenue from operations increased by 13.49% to Rs. 3.15 Arba in Q4 FY 2082/83, compared to Rs. 2.77 Arba recorded in Q4 FY 2081/82.
The growth in operating revenue indicates an improvement in the company’s core business performance during the fiscal year.
Administrative Expenses Rise
The company’s administrative expenses increased by 22.32% during the review period, reaching Rs. 49.68 crores from Rs. 40.61 crores in the previous fiscal year.
Similarly, operational expenses rose by 5.37% to Rs. 32.61 crores, compared to Rs. 30.95 crores in the corresponding period last year. Meanwhile, finance costs increased significantly by 79.89%, reaching Rs. 71.15 lakhs from Rs. 39.55 lakhs a year earlier.
Net Profit Climbs to Rs. 76.11 Crore
Despite the increase in operating, administrative and finance expenses, Soaltee Hotel reported a net profit of Rs. 76.11 crores in Q4 FY 2082/83.
The profit stood at Rs. 65.33 crores in the corresponding period of FY 2081/82. Based on the figures provided, the company’s net profit increased by approximately 16.51% year-on-year.
Paid-Up Capital Increases 15%
The company’s paid-up capital increased by 15% to Rs. 1.18 Arba in Q4 FY 2082/83 from Rs. 1.02 Arba in the previous fiscal year.
Likewise, reserves and surplus increased by 25.22% to Rs. 2.18 Arba from Rs. 1.74 Arba. The growth in reserves and surplus has strengthened the company’s equity base and contributed to an improvement in its net worth.
Investment Remains Unchanged
Soaltee Hotel’s investment stood at Rs. 28.69 crores, unchanged from the previous fiscal year. Meanwhile, the company’s property, plant and equipment (PPE) increased by 2.39% to Rs. 2.84 Arba from Rs. 2.77 Arba. The rise in property, plant and equipment indicates a moderate increase in the company’s investment in its operating assets.
EPS Stands at Rs. 64.77
The company reported an annualized earnings per share (EPS) of Rs. 64.77 in Q4 FY 2082/83. Similarly, net worth per share stood at Rs. 285.22, reflecting the company’s strengthened equity position following the growth in reserves and paid-up capital.
P/E Ratio at 7.56 Times
At the end of the quarter, Soaltee Hotel’s price-to-earnings (P/E) ratio stood at 7.56 times. The company’s quarter-end share price was Rs. 489.50.
Overall, the financial results show that Soaltee Hotel maintained positive growth in revenue and profitability during FY 2082/83, while its capital base and reserves also expanded. However, the increase in administrative and finance costs remains an area to watch in the coming fiscal year.
Major Highlights:
| Particulars (Rs in 000) | Soaltee Hotel Limited (SHL) | ||
| Q4 2082/83 (Unaudited) | Q4 2081/82 (Audited) | Difference | |
| Paid Up Capital | 1,175,153 | 1,021,863 | 15.00% |
| Reserves & Surplus | 2,176,569 | 1,738,157 | 25.22% |
| Property, Plant and Equipment | 2,836,921 | 2,770,729 | 2.39% |
| Investment | 286,927 | 286,927 | 0.00% |
| Revenue from Operation | 3,148,092 | 2,773,907 | 13.49% |
| Administrative Expenses | 496,803 | 406,144 | 22.32% |
| Operational Expenses | 326,097 | 309,465 | 5.37% |
| Finance Cost | 7,115 | 3,955 | 79.89% |
| Net Profit | 761,106 | 653,277 | |
| Annualized EPS (In Rs.) | 64.77 | ||
| Net Worth per Share (In Rs.) | 285.22 | ||
| Qtr End P/E Ratio | 7.56 | – | |
| Qte End Price | 489.5 | – | |
