Howard Hotels Reports Strong Financial Growth and Improved Operational Efficiency in December 2024 Results

Howard Hotels, a microcap player in the Hotel, Resort & Restaurants industry, recently announced its financial results for the quarter ending December 2024. The report, released on February 12, 2025, highlights significant developments in the company's financial metrics.
The company reported a profit before tax less other income (PBT) of Rs 1.45 crore, reflecting a substantial growth compared to the average PBT of the previous four quarters, which stood at Rs -0.12 crore. Similarly, the profit after tax (PAT) reached Rs 1.47 crore, marking a notable increase from an average of Rs -0.15 crore in the prior periods.

In terms of sales, Howard Hotels recorded net sales of Rs 8.29 crore for the half-year, demonstrating a year-on-year growth of 38.40%. The operating profit also reached its highest level in the last five quarters at Rs 1.77 crore, indicating a positive trend in operational efficiency. Additionally, earnings per share (EPS) peaked at Rs 1.61, showcasing the company's ability to generate higher earnings for its shareholders.

These results have led to an adjustment in evaluation for Howard Hotels, reflecting the positive trajectory of its financial performance.

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