Viceroy Hotels Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- Viceroy Hotels Ltd reported a 13.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 13.1%.
- Its expenses for the quarter were up by 9.0% QoQ and down 34.1% YoY.
- The net profit decreased 87.8% QoQ and decreased 210.3% YoY.
- The earnings per share (EPS) of Viceroy Hotels Ltd stood at 1.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 38.16 | 33.76 | 43.93 | 13.0% | -13.1% |
Total Expenses | 31.17 | 28.60 | 47.33 | 9.0% | -34.1% |
Profit Before Tax | 6.99 | 5.15 | -6.58 | 35.7% | -206.2% |
Tax | -0.30 | -54.50 | 0.03 | -99.4% | -1100.0% |
Profit After Tax | 7.29 | 59.66 | -6.61 | -87.8% | -210.3% |
Earnings Per Share | 1.10 | 9.40 | -1.10 | -88.3% | -200.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Viceroy Hotels Ltd is a prominent player in the hospitality industry, primarily focusing on providing luxury accommodations and services. The company operates a chain of high-end hotels, catering to both domestic and international guests. The hospitality sector is characterized by its sensitivity to economic fluctuations and consumer spending patterns, which can significantly impact hotel occupancy rates and revenue. As of the latest data available, there are no specific major developments or events associated with Viceroy Hotels Ltd in recent times. The company's performance is typically influenced by tourist footfall, business travel, and local economic conditions.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Viceroy Hotels Ltd reported a total income of ₹38.16 crores. This represents a 13% increase from the previous quarter (Q2FY25), where the total income was ₹33.76 crores. However, when compared to the same quarter in the previous year (Q3FY24), there is a decline of 13.1% from ₹43.93 crores. This fluctuation could be reflective of the market dynamics and demand in the hospitality industry during these periods. The quarter-over-quarter improvement hints at a potential recovery or growth phase within this fiscal year, whereas the year-over-year decline may suggest challenges when compared to the previous year's performance.
Profitability
In terms of profitability, Viceroy Hotels Ltd recorded a Profit Before Tax (PBT) of ₹6.99 crores in Q3FY25, which shows a significant quarter-over-quarter increase of 35.7% from ₹5.15 crores in Q2FY25. Notably, there was a remarkable turnaround from a loss of ₹6.58 crores in Q3FY24, marking a year-over-year growth of -206.2%. The tax expense in Q3FY25 was recorded at ₹-0.30 crores, a sharp contrast to the previous quarter's substantial tax credit of ₹-54.50 crores. Consequently, the Profit After Tax (PAT) for Q3FY25 stood at ₹7.29 crores, compared to ₹59.66 crores in Q2FY25, reflecting an 87.8% decrease. In contrast, there was a significant improvement from a loss of ₹6.61 crores in Q3FY24. The earnings per share for Q3FY25 was ₹1.10, compared to ₹9.40 in the previous quarter and a negative ₹-1.10 in the same quarter last year, indicating a YoY growth from a loss.
Operating Metrics
The total expenses for Viceroy Hotels Ltd in Q3FY25 were reported at ₹31.17 crores, which is an increase of 9% from ₹28.60 crores in Q2FY25. This indicates a rise in operational costs quarter-over-quarter. When compared to Q3FY24, the expenses have decreased significantly by 34.1% from ₹47.33 crores. This reduction in expenses year-over-year could indicate cost optimization or a reduction in variable expenses. The financial data does not provide specific information about other operating metrics like occupancy rates, average daily rates, or revenue per available room, which are typically crucial for analyzing the operational efficiency of hotel businesses. Nonetheless, the significant changes in revenue and expenses provide an insight into the company's operational landscape during this period.
