Benares Hotels standalone net profit rises 87.98% in the December 2022 quarter

Benares Hotels Standalone September 2022 Net Sales at Rs 17.72 crore, up 67.06% Y-o-Y

The companys counter jumped to a high of Rs 2,489 as against Rs 2,370.85 at previous close on the BSE.

Benares Hotels stock jumps 5% as Jan-Mar net profit surges 196%

Benares Hotels standalone net profit rises 197.06% in the March 2022 quarter

Benares Hotels Standalone March 2022 Net Sales at Rs 16.12 crore, up 46.34% Y-o-Y

Benares Hotels reports standalone net profit of Rs 0.48 crore in the September 2021 quarter

Benares Hotels reports standalone net loss of Rs 2.28 crore in the June 2021 quarter

The company posted revenue of Rs11.1cr in Q4FY21 against Rs19.5cr in the corresponding period of the previous year.

Benares Hotels net profit declines to Rs1cr during Q4

The subsidiary of The Indian Hotels Company reported Q3FY21 revenue at Rs9.8cr compared to 23.1cr in Q3FY20.

Benares Hotels Q3 PAT declines to 0.5cr; hotels are witnessing increase in occupancies mom

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The Company's business consists of hotel operation. The Company's hotels include The Gateway Hotel Ganges, Nadesar Palace in Varanasi & The Gateway Hotel, Gondia in Maharashtra. The Company's ultimate holding company is The Indian Hotels Company Ltd.