Graviss Hospitality Reports Strong Financial Performance in Q4 2023

Despite a challenging year for the hotel industry, Graviss Hospitality has shown positive financial performance in the quarter ending December 2023. The company's financial score has improved from -12 to 7 in the last 3 months, indicating a strong recovery.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) which has increased by 54.97% year on year. The company's Profit After Tax (PAT) has also seen a significant growth of 47.8% year on year. This trend is expected to continue in the near term.

Graviss Hospitality has also shown a strong operating profit (PBDIT) of Rs 5.68 crore, the highest in the last five quarters. The company's operating profit margin has also improved to 34.74%, indicating increased efficiency.

In terms of profitability, Graviss Hospitality has created higher earnings for its shareholders with the highest Earnings per Share (EPS) of Rs 0.57 in the last five quarters. The company has also been able to settle its Debtors faster with the Debtors Turnover Ratio at 217.84 times in the last five half yearly periods.

However, the company's net sales have seen a decline of -22.36% year on year, which is a cause for concern. But with the positive financial performance in other areas, Graviss Hospitality is well-positioned to overcome this challenge.

In conclusion, Graviss Hospitality has shown a strong financial performance in the quarter ending December 2023, with positive trends in key areas. Investors should keep an eye on the company's future performance, but for now, MarketsMOJO has given a 'Sell' call for Graviss Hospitality's stock.