Kolkata, January 31, 2025 – Sinclairs Hotels Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported a robust increase in revenue from operations, driven by improved occupancy and higher average room rates.
Key Financial Highlights (₹ in lakh)
| Particulars | Q3 FY25 (31.12.2024) | Q2 FY25 (30.09.2024) | Q3 FY24 (31.12.2023) | 9M FY25 (31.12.2024) | 9M FY24 (31.12.2023) | FY24 (31.03.2024) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 1,442.88 | 808.44 | 1,407.15 | 3,905.82 | 4,105.11 | 5,587.54 |
| Other Income | 35.72 | 373.25 | 204.75 | 497.68 | 721.28 | 925.05 |
| Total Income | 1,478.60 | 1,181.69 | 1,611.90 | 4,403.50 | 4,826.39 | 6,512.59 |
| Total Expenses | 1,321.76 | 881.88 | 972.30 | 3,042.77 | 2,923.33 | 3,693.43 |
| Profit Before Tax | 112.14 | 299.81 | 547.10 | 1,190.11 | 1,521.99 | 2,054.19 |
| Net Profit for the Period | 112.14 | 224.24 | 546.14 | 1,020.00 | 1,518.52 | 2,052.60 |
| Basic EPS (₹) | 0.22 | 0.44 | 1.05 | 1.99 | 2.84 | 3.88 |
Financial Performance Overview
- Revenue Growth: The company reported ₹1,442.88 lakh in revenue from operations for Q3 FY25, marking a 78.4% growth QoQ from ₹808.44 lakh in Q2 FY25. However, on a YoY basis, revenue grew marginally by 2.5%.
- Profit Decline: Net profit for Q3 FY25 came in at ₹112.14 lakh, significantly lower than ₹546.14 lakh in Q3 FY24, primarily due to higher expenses and a drop in other income.
- Nine-Month Performance: Revenue for 9M FY25 stood at ₹3,905.82 lakh, down 4.9% YoY, while net profit for the same period dropped 32.8% YoY.
Segment & Strategic Updates
- Lease Cancellation: The company terminated the lease of its 17-room property in Sikkim, effective November 11, 2024, citing infrastructural constraints.
- New Property Operations: The 56-room Udaipur property commenced operations from October 31, 2024, contributing to revenue expansion.
- Investment Write-Down: The quarter included an expense related to the diminution in fair value of investments worth ₹199.94 lakh.
Management Commentary
The company stated that its Q3 performance reflects a strategic focus on enhancing operational efficiencies and expanding its presence in high-potential markets. While profit moderation was influenced by higher costs and investment adjustments, the company remains optimistic about growth prospects, particularly with the addition of its Udaipur property.Outlook & Market Positioning
- Strategic Expansion: The company continues to explore new locations and aims to optimize occupancy across its existing properties.
- Cost Management: Steps are being taken to control operational costs and improve margins in the coming quarters.
- Tourism & Hospitality Recovery: With the hospitality sector witnessing strong demand post-pandemic, the company remains poised for long-term revenue growth.