Taragaon Regency Hotel Achieves 39.54% Increase in Net Profit and 11.42% Rise in Revenue for Q3 2080/81; Investments Reach Rs. 1.4 Arba
Thu, May 9, 2024 10:26 AM on Financial Analysis, Company Analysis, Latest,
Taragaon Regency Hotel (TRH) has released its third-quarter fiscal report for the year 2080/81, demonstrating notable growth in various financial indicators. The company, which operates the esteemed Hyatt Regency Hotel, has seen a commendable 39.54% increase in Net Profit compared to the corresponding quarter of the previous fiscal year, reaching an impressive figure of Rs. 33.32 crores.
Furthermore, TRH has bolstered its investments, witnessing a 5.48% rise, resulting in a substantial investment portfolio valued at Rs. 1.4 Arba.
Moreover, the revenue generated from the company's operations has surged by 11.42% to reach Rs. 1 Arba by the conclusion of the last quarter of the fiscal year. This revenue growth has significantly contributed to enhancing the overall profitability of TRH.
In terms of financial stability and growth, TRH stands firm with a paid-up capital of Rs. 1.96 Arba. Notably, the company has augmented its reserves by an impressive 41.98%, totaling Rs. 72.97 crores.
Furthermore, TRH maintains a commendable annualized Earnings per Share (EPS) of Rs. 22.65, a substantial improvement from the previous fiscal year's EPS of Rs. 16.88. Additionally, the company boasts a Net Worth per Share of Rs. 137.19 and a Price per Earning (P/E) Ratio of 35.04 times.
Meanwhile, the closing price of TRH's shares stood at Rs. 793.5 by the end of the third quarter.
Major Highlights:
| Particulars (Rs in 000) | Taragaon Regency Hotels | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2079/80 | Difference | |
| Paid Up Capital | 1,962,120 | 1,886,654 | 4.00% |
| Reserves & Surplus | 729,710 | 513,940 | 41.98% |
| Property, Plant and Equipment | 1,728,179 | 1,715,522 | 0.74% |
| Investment | 1,400,075 | 1,327,379 | 5.48% |
| Revenue from Operation | 1,009,698 | 906,177 | 11.42% |
| Other Income | 130,282 | 109,370 | 19.12% |
| Operational Expenses | 457,610 | 456,567 | 0.23% |
| Administrative Cost | 200,279 | 205,907 | -2.73% |
| Net Profit | 333,282 | 238,846 | 39.54% |
| Annualized EPS (In Rs.) | 22.65 | 16.88 | 34.17% |
| Net Worth per Share (In Rs.) | 137.19 | ||
| Qtr End P/E Ratio | 35.04 | - | |
| Qtr End Price | 793.5 | - | |
