Benares Hotels Ltd Q4FY22 and year ended result : PAT thrusts up 196.57% to ₹4.4 crore

Total Income of ₹49.93 crore in the financial year ended on March 31, 2022 as against ₹24.80 crore for the financial year ended on Mar 31, 2021, increased by 101.29%.

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Benares Hotels Limited (BHL), a subsidiary of The Indian Hotels Company Limited (IHCL), reported its results for the fourth quarter ending March 31, 2022. The Q4FY22 and year ended financial result details are as follows.

(I) Un Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹16.17 crore in the quarter ended on March 31, 2022 as against ₹11.05 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 46.33%.

The company has posted a consolidated Net Profit of ₹3.03 crore in the quarter ended on March 31, 2022 as against ₹1.02 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 197.05%.

The status of the EPS of the company stood at ₹23.34 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹7.87, up by 196.57%.

₹*Mar 31, 2022Dec 31, 21Mar 31, 21
Total Income16.1719.2711.05
Total Expenses11.9913.379.71
Total Tax /(credit)1.141.490.31
PAT /(Loss)3.034.401.02
*figures are in Crores

(II) Un Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹49.93 crore in the financial year ended on March 31, 2022 as against ₹24.80 crore for the financial year ended on Mar 31, 2021, increased by 101.29%.

The company has posted a consolidated Net Profit of ₹2.05 crore in the financial year ended on March 31, 2022 as against a a Loss of ₹ -5.22 crore for the financial year ended on March 31, 2021. The PAT recovered by 208.23%.

The status of the EPS of the company stood at ₹43.48 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹ -40.22, recovered by 208.11%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income49.9324.80
Total Expenses42.2331.77
Total Tax /(credit)2.05(1.73)
PAT /(Loss)5.65(5.22)
*figures are in Crores

(III) Key Highlights about the Performance :

  • A solar power plant of 178 kwp capacity has been installed at Gateway Hotel, Gondia. In addition to saving of electricity costs, it will also reduce the carbon footprint by approximately 178 tonnes annually
  • Increase in Revenue is 465 in one year
  • Increase in EBITDA 68% from Q4FY21 to Q4FY22

The Board of the company is to consider dividend of ₹10 – check out the news here.

Shares of Benares Hotels Ltd was last traded in BSE at ₹2370.85 as compared to the previous close of ₹2433.70. The total number of shares traded during the day was 441 in over 92 trades.

  • Intraday High of ₹ 2549.00
  • Intraday low of ₹ 2261.00