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