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Advani Hotels & Resorts (India) Ltd Q1FY24; 32% fall in Profits

Advani Hotels & Resorts (India) is engaged in the Hotel Business through its “Caravela Beach Resort”, a five-star Deluxe Resort situated in Varca Beach, South Goa.

Financial Results:

Advani Hotels & Resorts (India) Ltd reported Revenues for Q1FY24 of ₹23.32 Crores up from ₹22.87 Crore year on year, a rise of 1.97%.

Total Expenses for Q1FY24 of ₹17.72 Crores up from ₹14.15 Crores year on year, a rise of 25.23%.

Consolidated Net Profit of ₹4.61 Crores down 31.7% from ₹6.75 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.00, down 31.51% from ₹1.46 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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