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Asian Hotels (East) Ltd Q1FY24; 74% fall in Profits

Asian Hotels (East) Ltd is primarily engaged in the hotel business through – “Hyatt Regency Kolkata” a five-star hotel in the city of Kolkata.

Financial Results:

Asian Hotels (East) Ltd reported Revenues for Q1FY24 of ₹21.89 Crores up from ₹21.75 Crore year on year, a rise of 0.64%.

Total Expenses for Q1FY24 of ₹18.86 Crores up from ₹18.30 Crores year on year, a rise of 3.06%.

Consolidated Net Profit of ₹2.83 Crores down 74.27% from ₹11.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.64, down 74.21% from ₹6.36 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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