trending Market Intelligence /marketintelligence/en/news-insights/trending/c2mUNy-Cq17ApHkn0Wc71A2 content esgSubNav
In This List

Benares Hotels fiscal Q2 profit falls YOY

Video

According to Market Intelligence, February 2023

Podcast

Private Markets 360° | Episode 2: ESG maturity in private markets (with Josh Green of Novata)

Case Study

A Government Agency Gains a Clearer Perspective on Foreign Investment Activity

Blog

Insight Weekly: M&A players predict 2023 activity; SPAC IPOs dip; 2022 capacity retirements up


Benares Hotels fiscal Q2 profit falls YOY

Benares Hotels Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to 2.23 Indian rupees per share, a decrease of 50.7% from 4.52 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.9 million rupees, a decrease of 50.7% from 5.9 million rupees in the year-earlier period.

The normalized profit margin declined to 3.4% from 7.5% in the year-earlier period.

Total revenue grew 9.3% year over year to 86.0 million rupees from 78.7 million rupees, and total operating expenses increased 16.4% from the prior-year period to 83.8 million rupees from 72.0 million rupees.

Reported net income declined 53.2% on an annual basis to 2.1 million rupees, or 1.64 rupees per share, from 4.6 million rupees, or 3.50 rupees per share.

As of Nov. 4, US$1 was equivalent to 65.45 Indian rupees.