Apeejay Surrendra Park Hotels Reports Positive Financial Performance in Q2 2024.

Apeejay Surrendra Park Hotels, a smallcap company in the hotel, resort, and restaurant industry, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Sell' call from MarketsMOJO.

According to the financial report, Apeejay Surrendra Park Hotels has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from -4 to 7 in the last three months.

One of the key factors contributing to this positive performance is the company's high operating profit to interest ratio, which is at 11.45 times and has been growing each quarter for the past five quarters. This indicates that the company's ability to manage interest payments is improving.

Moreover, the company's profit after tax (PAT) for the quarter was Rs 26.75 crore, which is a significant growth of 82.1% compared to the average PAT of the previous four quarters at Rs 14.69 crore. This shows a very positive trend in the company's near-term PAT.

However, there are some areas that are not working in favor of Apeejay Surrendra Park Hotels. The non-operating income for the quarter is 37.92% of the profit before tax (PBT), indicating that the company's income from non-business activities is high. This may not be a sustainable business model in the long run. Additionally, the non-operating income for the quarter was the highest in the last five quarters at Rs 14.76 crore, which may not be sustainable.

Overall, Apeejay Surrendra Park Hotels has shown a positive financial performance in the quarter ending September 2024. However, investors should carefully consider all factors before making any investment decisions.