Benares Hotels announced a substantial drop in standalone net profit for the quarter ended June 2016. During the quarter, the profit of the company declined 52.05% to Rs 4.65 million from Rs 9.69 million in the same quarter previous year.
Revenues for the quarter declined 10.97% to Rs 85.55 million, compared with Rs 96.09 million for the prior year period.
Operating margin for the quarter stood at 119.38 percent as compared to 198.25 percent for the previous year period. Operating Income for the quarter was Rs 102.13 million, compared with Rs 190.5 million in the previous year period.
Earnings per share for the quarter stood at Rs 3.58, registering 52.01% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 85.55 | 96.09 | (10.97) |
| Net Profit | 4.65 | 9.69 | (52.05) |
| Diluted EPS | 3.58 | 7.46 | (52.01) |
Shares of the company declined Rs 26.5, or 2.39%, to settle at Rs 1,084.50. The total volume of shares traded was 52 at the BSE (Friday).
