Hotels company Benares Hotels announced Q1FY26 results Revenue rose to Rs 26.8 crore, up 10 % from Rs 24.4 crore in Q1FY25. EBITDA expanded to Rs 11.8 crore, improving 16 % over Q1FY25 Rs 10.2 crore. Profit After Tax increased to Rs 7.6 crore, reflecting an 18 % rise from Rs 6.4 crore in Q1FY25. Anant Narain Singh, Chairman, Benares Hotels(BHL), said: “BHL Reported growth in revenue and PAT in Current Quarter with a 10% increase in revenue and 18% increase in Profit after taxes of Rs 7.6 crore over corresponding Quarter in Previous Year.”. Result PDF
Hotels company Benares Hotels announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue of Rs 50.5 crore in Q4FY25 against Rs 36.6 crore in Q4FY24 EBITDA stood at Rs 23.1 crore in Q4FY25 compared to Rs 16.9 crore in Q4FY24 PAT stands at Rs 16.1 crore in Q4FY25 compared to Rs 11.6 crore in Q4FY24 FY25 Financial Highlights: Revenue of Rs 140.7 crore in FY25 against Rs 123.8 crore in FY24 EBITDA stood at Rs 64.5 crore in FY25 compared to Rs 54.4 crore in FY24 PAT stands at Rs 43.2 crore in FY25 compared to Rs 36.1 crore in FY24 Anant Narain Singh, Chairman, Benares Hotels (BHL) said, “BHL reported four consecutive quarters of strong double-digit growth resulting in FY2025 revenue of INR 141 crores, a growth of 14%, EBITDA of INR 65 crores, clocking a robust EBITDA margin of 45.8% and a PAT of INR 43 crores.” He added, “Demand for the destination continues to be strong and was boosted by the Kumbh Mela and related travels in the region, clocking a record revenue of INR 51 crores, a 38% growth and PAT of Rs 16 crore in quarter four.” Result PDF
Hotels company Benares Hotels announced Q3FY25 results Financial Highlights: Revenue: Rs 40.1 crore compared to Rs 34.5 crore during Q3FY24. EBITDA: Rs 19.9 crore compared to Rs 16.7 crore during Q3FY24. PAT: Rs 13.6 crore compared to Rs 11.3 crore during Q3FY24. Other Highlights: Taj Ganges’s new wing comprising of 100 additional rooms and a restaurant is in advanced stages of completion and will open in the coming fiscal. Taj ranked as India’s Strongest Brand across sectors and industries by Brand Finance’s Brand Value Report India 2023. Taj Nadesar Palace, Varanasi features on the coveted Condé Nast Traveller Readers' Choice Awards 2023 – Best hotels in India list. Taj Ganges, Varanasi has been awarded for outstanding contribution in environment sustainability by the Travel Welfare Association of Varanasi. Anant Narain Singh, Chairman, Benares Hotels (BHL) said: “BHL reported three consecutive quarters of high double-digit growth in revenue leading to an all-time high EBITDA margin 46% and PAT of INR 27.2 crores for the nine-month period ending December 2024. Domestic demand continues to be strong and quarter four is expected to deliver a record revenue with the upcoming Kumbh Mela and related travels in the region.” Result PDF
Hotels company Benares Hotels announced H1FY25 & Q2FY25 results Q2 Financial Highlights: Revenue: 25.8 crore Q2FY24 26.6 crore. EBITDA: 11.3 crore Q2FY24 10.7 crore. Profit After Tax: 7.2 crore Q2FY24 6.9 crore. H1FY25 Financial Highlights: Revenue: 50.2 crore H1FY24 52.7 crore. EBITDA: 21.5 crore H1FY24 20.7 crore. Profit After Tax: 13.6 crore H1FY24 13.2 crore. Anant Narain Singh, Chairman, Benares Hotels (BHL) said: “Despite a revenue contraction BHL reported an EBITDA margin of 44%, a 400-basis points expansion over the previous year. The demand outlook for the third and fourth quarters is strong led by the wedding and transient leisure segment.” Result PDF
Hotels company Benares Hotels announced Q1FY25 results: Revenue: Rs 24.35 crore as compared to Rs 26.11 crore in Q4FY24 EBITDA: Rs 10.19 crore as compared to Rs 10.04 crore in Q4FY24 Profit After Tax: Rs 6.43 crore as compared to Rs 6.30 crore in Q4FY24 Anant Narain Singh, Chairman, Benares Hotels Limited (BHL) said, “Despite a muted revenue performance, quarter one clocked an EBITDA margin of 42%, a 300-basis points expansion over the previous year. With the upcoming wedding season and expected recovery of foreign tourist arrivals, the revenue outlook for quarters ahead remain strong.” Result PDF
Benares Hotels announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: - Revenue: For the fourth quarter ending March 31, 2024, the company reported a revenue of Rs 36.6 crore, marking a significant increase from Rs 28.0 crore in the same quarter of the previous year. - EBITDA: The EBITDA for the quarter stood at Rs 16.9 crore, which is notably higher than the Rs 11.7 crore reported in the fourth quarter of FY 22/23. - Profit After Tax: Profit after tax also saw an impressive rise, reaching Rs 11.6 crore compared to Rs 7.6 crore in the corresponding quarter of the previous year. FY24 Financial Highlights: - Revenue: For the full year ending March 31, 2024, the company achieved a revenue of Rs 123.8 crore, up from Rs 94.8 crore in FY23, surpassing the hundred crore milestone for the first time. - EBITDA: The annual EBITDA climbed to Rs 54.4 crore from Rs 37.7 crore in the previous year. - Profit After Tax: The company's profit after tax for the year amounted to Rs 36.0 crore, a substantial improvement over the Rs 23.4 crore recorded in FY23. Operational Highlights: - The newly constructed swimming pool and gymnasium at Taj Ganges have become operational. - Taj Nadesar Palace in Varanasi is considering the addition of extra inventory within its premises. - Taj was distinguished as India's strongest brand in Brand Finance's Brand Value Report India 2023. - Taj Nadesar Palace, Varanasi, was featured on Condé Nast Traveller Readers' Choice Awards 2023 as one of the best hotels in India. Commenting on the results, Dr. Anant Narain Singh, Chairman of Benares Hotels Limited, said, "BHL reported a YoY growth of 31% in total revenue crossing the milestone of hundred crores at Rs 124 crores, a first in the company's history. This performance was led by a 27% growth in average room rates resulting in a record EBITDA margin of 44%, a YoY expansion of 400 basis points." He further remarked on future prospects with the anticipation of the new tower wing at Taj Ganges, "The construction of the new tower wing at Taj Ganges with 100 additional rooms is well underway and is expected to be operational in October 2025." Result PDF
Q3FY24 results announced for Benares Hotels Ltd. Financial Performance Summary for Q3FY24 Revenue: Benares Hotels Limited experienced a major uptick in revenue, reporting Rs 34.5 Crore for Q3, displaying a robust growth of over 20% compared to the corresponding quarter last year at Rs 28.6 Crore. EBITDA: The EBITDA has seen a significant increase, reaching Rs 16.7 Crore from Rs 12.7 Crore during the same period the previous year. Profit Before Tax (PBT): The PBT for the third quarter has risen substantially to Rs 11.3 Crore as opposed to Rs 8.3 Crore in Q3 the previous year. Profit After Tax (PAT): Profit After Tax demonstrated strong growth, with figures at Rs 11.3 Crore up from Rs 8.3 Crore during Q3 of the preceding year. Financial Performance Summary for 9MFY24 Revenue: For the nine months ending December 31, 2023, BHL reported a total revenue of Rs 87.2 Crore, which is an improvement from the Rs 66.8 Crore recorded in the same period of the previous year. EBITDA: The EBITDA over the nine months stands at Rs 37.4 Crore, marking an increase from the previous year’s Rs 25.9 Crore. Profit Before Tax (PBT): The company's PBT observed a considerable rise to Rs 24.4 Crore from Rs 15.8 Crore over the nine months. Profit After Tax (PAT): There has been a notable surge in PAT to Rs 24.4 Crore compared to Rs 15.8 Crore for the same nine-month period last year. Dr. Anant Narain Singh, Chairman of Benares Hotels remarked on the company's performance: “We witnessed high demand owing to an increase in domestic travel and events in the city. BHL reported three consecutive quarters of over 20% growth in revenue leading to an all-time high PAT for the nine months ending December 2023." Result PDF