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News Details

( As on 08/08/2024 19:01)

Robust Hotels posts Q1 net profit of Rs 1.36 cr

The company reported standalone net profit during the quarter stood at Rs 1.36 crore compared to net loss of Rs 0.11 crore in the previous year quarter.

Net revenue of the company rose moderately by 17.13 per cent at Rs 29.75 crore in April-June quarter of this fiscal as against Rs 25.40 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 12.76 per cent to Rs 23.77 crore from Rs 21.08 crore in year ago period.

Other Income grew by 63.68 per cent at Rs 3.47 crore versus (Jun'23 Rs 2.12 crore).

Operating Profit surged by 38.19 per cent to Rs 5.97 crore as against Rs 4.32 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 17.98 per cent in June quarter.

Interest grew by 15.63 per cent y-o-y to Rs 4.07 crore, while Taxation decreased by 63.27 per cent at Rs -0.36 crore (Jun'23 Rs -0.98 crore).