BENARES HOTELS LTD. - 509438 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Copy of financial results for the period ended 31.03.2024 published in newspapers on 20.04.2024.20-04-2024
20-04-2024
BENARES HOTELS LTD. - 509438 - Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
RPT disclosure under Reg. 23(9) of SEBI LODR, Regulations, 2015 for the half year ended Match 31, 2024.19-04-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Benares Hotels Ltd.
Benares Hotels announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: - Revenue: For the fourth quarter ending March 31, 2024, the company reported a revenue of Rs 36.6 crore, marking a significant increase from Rs 28.0 crore in the same quarter of the previous year. - EBITDA: The EBITDA for the quarter stood at Rs 16.9 crore, which is notably higher than the Rs 11.7 crore reported in the fourth quarter of FY 22/23. - Profit After Tax: Profit after tax also saw an impressive rise, reaching Rs 11.6 crore compared to Rs 7.6 crore in the corresponding quarter of the previous year. FY24 Financial Highlights: - Revenue: For the full year ending March 31, 2024, the company achieved a revenue of Rs 123.8 crore, up from Rs 94.8 crore in FY23, surpassing the hundred crore milestone for the first time. - EBITDA: The annual EBITDA climbed to Rs 54.4 crore from Rs 37.7 crore in the previous year. - Profit After Tax: The company's profit after tax for the year amounted to Rs 36.0 crore, a substantial improvement over the Rs 23.4 crore recorded in FY23. Operational Highlights: - The newly constructed swimming pool and gymnasium at Taj Ganges have become operational. - Taj Nadesar Palace in Varanasi is considering the addition of extra inventory within its premises. - Taj was distinguished as India's strongest brand in Brand Finance's Brand Value Report India 2023. - Taj Nadesar Palace, Varanasi, was featured on Condé Nast Traveller Readers' Choice Awards 2023 as one of the best hotels in India. Commenting on the results, Dr. Anant Narain Singh, Chairman of Benares Hotels Limited, said, "BHL reported a YoY growth of 31% in total revenue crossing the milestone of hundred crores at Rs 124 crores, a first in the company's history. This performance was led by a 27% growth in average room rates resulting in a record EBITDA margin of 44%, a YoY expansion of 400 basis points." He further remarked on future prospects with the anticipation of the new tower wing at Taj Ganges, "The construction of the new tower wing at Taj Ganges with 100 additional rooms is well underway and is expected to be operational in October 2025." Result PDF19-04-2024
BENARES HOTELS LTD. - 509438 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on the financial results for the period ended 31.03.202419-04-2024
BENARES HOTELS LTD. - 509438 - Corporate Action-Board approves Dividend
Board has recommended the dividend of 250% i.e. Rs. 25 per equity shares for the FY ended 31.03.2024, subject to the approval of the shareholder at the ensuing meeting of the members of the Company.19-04-2024
BENARES HOTELS LTD. - 509438 - Declaration On Unmodified Opinion
Declaration on Unmodified Opinion on the Audited Financial Statements for the financial year ended 31.03.202419-04-2024
BENARES HOTELS LTD. - 509438 - Audited Financial Results For The Period Ended 31.03.2024
Audited Financial Results for the period ended 31.03.202419-04-2024
BENARES HOTELS LTD. - 509438 - Board Meeting Outcome for Outcome Of Board Meeting Held On 19.04.2024
Outcome of Board Meeting held on 19.04.202419-04-2024
BENARES HOTELS LTD. - 509438 - Certificate Pursuant To Regulation 40(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Year Ended 31.03.2024
Certificate Pursuant to Regulation 40(9) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 for the year ended 31.03.202410-04-2024
BENARES HOTELS LTD. - 509438 - Certificate Under Regulation 7(3) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015, For The Year Ended March 31, 2024
Pursuant to the Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we attach herewith the certificate for the year ended March 31, 2024.10-04-2024