Sinclairs Hotels stock declines ~6% in spite of 628% increase in PAT

14 Nov 2022 , 12:33 PM

For the quarter ended September 30, 2022, Sinclairs Hotels Limited posted a Total Income of Rs962.51 lakh, a 60% increase over Rs602.81 lakh for the corresponding quarter in the previous year.

As per the filing, EBIDTA for the quarter stood at Rs328.12 lakh (Rs209.15 lakh) while Profit Before Tax stood at Rs190.39 lakh as against Rs59.30 lakh in the corresponding quarter of the previous year.

The Profit After Tax for the quarter increased by 628% to Rs155.92 lakh as against Rs21.43 lakh in the corresponding quarter in the previous year.

Total Income for the six month period ended September 30, 2022 was Rs2,798.44 lakh (Rs899.15 lakh) while EBIDTA rose to Rs1,218.48 lakh (Rs236.34 lakh). The Profit Before Tax for the six month period stood at Rs945.93 lakh as against loss of Rs66.36 lakh for the same period in the previous year.

The Profit After Tax for the period was Rs728.49 lakh as against loss of Rs72.13 lakh in corresponding six months of the previous year.

At around 12:36 PM, Sinclairs Hotels Ltd is currently trading at Rs113 per share down by Rs7.1 or 5.91% from its previous closing of Rs120.10 per share on the BSE.

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