Howard Hotels Reports Mixed Financial Performance in Q1 FY25 Strong Operating Cash Flow and Net Sales Growth
Howard Hotels, a microcap company in the hotel industry, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Howard Hotels has shown a flat performance in the quarter, with the score remaining the same for the past three months. However, there are some positive aspects to the company’s financials.
One of the highlights is the company’s strong operating cash flow, which has been consistently growing over the past three years. In the last fiscal year, Howard Hotels generated the highest operating cash flow of Rs 2.23 crore, indicating a strong revenue stream from its business operations.
Another positive aspect is the company’s net sales, which have grown at a rate of 30.51% year on year, reaching Rs 7.70 crore in the first half of the fiscal year. This shows a positive trend in the company’s sales performance.
However, there are some areas of concern for Howard Hotels. The company’s operating profit (PBDIT) for the quarter is the lowest in the last five quarters, at Rs -0.50 crore. This indicates a negative trend in the company’s operating profit in the near term.
Similarly, the profit before tax (PBT) less other income for the quarter is also the lowest in the last five quarters, at Rs -0.79 crore. This shows a negative trend in the company’s profitability in the near term.
The earnings per share (EPS) for the quarter is also at its lowest in the last five quarters, at Rs -0.85. This indicates a decline in the company’s profitability and lower earnings for its shareholders.
Overall, Howard Hotels has shown a mixed financial performance in the quarter ending March 2024. While there are some positive aspects, there are also areas of concern that the company needs to address in order to improve its financial standing. Investors are advised to carefully consider these factors before making any investment decisions.
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