Indian Hotels Peer Company Stock Rallies 10 Per cent and Hits Upper Circuit Today– Profit Surged by 690 Per cent, Operating Margins Expanded
The company’s shares have delivered an impressive return of over 90 per cent in the past year.
Incorporated in 2007, Robust Hotels Ltd, a part of the Saraf Group, specializes in managing and operating the 5-star Hyatt Regency Chennai. Catering to both domestic and international clientele, the company operates a luxury hotel featuring 325 rooms, including 28 suites. The property is well-equipped with a swimming pool, fitness center, business center, banquet hall, salon, and multiple restaurants, offering a comprehensive hospitality experience. Today the company’s shares have rallied and hit the upper circuit.
Share Performance
Today, the shares of Robust Hotels Ltd opened the day at around Rs 216.22 per share on the NSE during the intraday session they rallied 10 per cent and hit the upper circuit and are currently at Rs 246 each. The current market capitalization stands at Rs 425.38 crore. The company’s shares have delivered an impressive return of around 90 per cent in the past year.
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Financial Performance
As per the Quarterly Results, in Q2 FY25 Robust Hotels Ltd reported a revenue of Rs 34 crore compared to Rs 27.65 crore representing a gain of around 22.97 per cent YoY. The company posted an operating profit of Rs 8.36 crore with a margin of around 24.59 per cent compared to Rs 4.46 crore with a margin of around 16.13 per cent. The company reported a net profit stood at Rs 2.29 crore for the period compared to a profit of Rs 0.29 crore representing a YoY growth of around 690 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.