Asian Hotels posts Rs 33.3cr income in Q1
EBITDA for the quarter stood at Rs 11.09 crore, implying a rise of 4.5% Y-o-Y.
By ET Online | Updated:
Asian Hotels (West) Ltd has reported 1% Y-o-Y rise in its total income for the quarter ended June 2011 at Rs 33.3 crore as against Rs 32.9 crore in the same quarter of the last fiscal. EBITDA margin rose by 100 bps to 33% in the quarter under review from 32% in the last fiscal. EBITDA for the quarter stood at Rs 11.09 crore, implying a rise of 4.5% Y-o-Y.
The hotel said the management’s endeavor to control total costs is apparent with total expenditure declining consistently from the last two quarters. However, PAT for the quarter fell by 50% Y-o-Y to Rs 2.8 crore as against Rs 5.7 core in the same quarter of the last fiscal.
The unusual fall in the net profit was mainly on account of higher interest cost owing to investment in its subsidiary for the construction of 523-keys 5-star deluxe hotel under the JW Marriott brand at Delhi Aerocity near the New Delhi Indira Gandhi International Airport. The occupancy rates and ARR have remained stable in the quarter under review on a year on year basis.
The hotel said the management’s endeavor to control total costs is apparent with total expenditure declining consistently from the last two quarters. However, PAT for the quarter fell by 50% Y-o-Y to Rs 2.8 crore as against Rs 5.7 core in the same quarter of the last fiscal.
The unusual fall in the net profit was mainly on account of higher interest cost owing to investment in its subsidiary for the construction of 523-keys 5-star deluxe hotel under the JW Marriott brand at Delhi Aerocity near the New Delhi Indira Gandhi International Airport. The occupancy rates and ARR have remained stable in the quarter under review on a year on year basis.
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