Asian Hotels (East) Reports Mixed Results for Q3 2023, Net Sales and Operating Profit Show Positive Trends

Asian Hotels (East) has recently announced its financial results for the quarter ending December 2023. The company, which operates in the hotel industry and is classified as a microcap, has seen a negative performance in this quarter. MarketsMOJO has given a 'Hold' call for the company's stock.

According to the financials, Asian Hotels (East) has reported a decrease in its score from -7 to -15 in the last three months. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters at Rs 32.18 crore, showing a positive trend in the near term. The net sales have also grown by 33.1% over the average of the previous four quarters, indicating a positive trend in the company's sales.

The operating profit (PBDIT) for the quarter was also the highest in the last five quarters at Rs 10.65 crore, with a positive trend in the near term. The operating profit margin was also the highest in the last five quarters at 33.10%, showing an improvement in the company's efficiency.

However, there are some areas where Asian Hotels (East) needs to improve. The profit after tax (PAT) for the half-yearly period has decreased by 55.22% year on year, with a very negative trend in the near term. The interest cost for the quarter has also increased significantly by 766,999,900.00% quarter on quarter, indicating increased borrowings. The company's ability to manage interest payments has also deteriorated, with the operating profit to interest ratio being the lowest in the last five quarters. The earnings per share (EPS) for the quarter were also the lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ending December 2023 for Asian Hotels (East) show a mix of positive and negative trends. Investors are advised to hold their stock and closely monitor the company's performance in the upcoming quarters.