The Byke Hospitality Reports Negative Performance in Q3, Lowest in Last 5 Quarters

Nov 14 2024 06:05 PM IST
share
Share Via
The Byke Hospitality, a microcap company in the hotel, resort, and restaurant industry, reported a negative performance in the quarter ending September 2024. The company's financial score has fallen from 4 to -7, with a significant decrease in Profit After Tax and Operating Profit. MarketsMojo has given a 'Sell' call for the company's stock.

The Byke Hospitality, a microcap company in the hotel, resort, and restaurant industry, recently announced its financial results for the quarter ending September 2024. According to the report released on November 13, 2024, the company has seen a negative performance in this quarter.

The financial score for the company has fallen from 4 to -7 in the last three months, indicating a decline in its overall performance. The Profit After Tax (PAT) for the quarter was recorded at Rs 0.48 crore, which is a significant decrease of 46.1% compared to the same quarter last year. This downward trend in PAT is expected to continue in the near term.

The Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at Rs 7.23 crore. This indicates a negative trend in the company's operating profit. The Operating Profit Margin, which measures the company's efficiency, was also at its lowest in the last five quarters.

The Profit Before Tax less Other Income (PBT) for the quarter was recorded at Rs -0.36 crore, which is the lowest in the last five quarters. This shows a negative trend in the company's PBT in the near term. The Earnings per Share (EPS) for the quarter was also at its lowest in the last five quarters, standing at Rs 0.09. This decline in profitability is a cause for concern for the company's shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for The Byke Hospitality's stock. The company's performance in this quarter has not been favorable, and it is important for investors to carefully consider their options before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News