Royale Manor Hotels shows positive sales growth
Royale Manor Hotels & Industries, a microcap company in the hotel industry, has reported a 6.36% growth in net sales for the quarter ended September 2023, indicating a positive trend in sales performance. The standalone net profit also showed a significant improvement of 122.22%, while operating profit saw a growth of 17.78%. However, interest expenses remain a concern. The company's strong operating cash flow in the last three years is a positive sign, despite a 'Strong Sell' stock call from MarketsMojo. Investors and stakeholders should monitor the company's future performance.
Royale Manor Hotels & Industries, a microcap company in the hotel industry, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a growth of 6.36% compared to the previous quarter, which had a decline of 28.57%. This indicates a positive trend in the company's sales performance.The standalone net profit for the quarter also showed a significant improvement, with a growth of 122.22% compared to a decline of 85.25% in the previous quarter. This is a positive sign for the company's profitability.
The operating profit (PBDIT) excluding other income also showed a growth of 17.78% in the quarter, compared to a decline of 57.55% in the previous quarter. This indicates that the company's operational efficiency has improved.
One area of concern for Royale Manor is the interest expenses, which showed a slight decline of 5.26% in the quarter. However, this is still an improvement compared to the previous quarter where there was no change in interest expenses.
Overall, the company's financial performance for the quarter ended September 2023 has been flat. However, it is worth noting that the company's operating cash flow has been consistently high in the last three years, with the highest being Rs 10.74 crore. This indicates that the company has been able to generate strong cash revenues from its business operations.
According to MarketsMOJO, a leading financial analysis platform, the stock call for Royale Manor is currently 'Strong Sell'. However, based on the financial results for the quarter, it is evident that the company has some positive aspects working in its favor. Investors and stakeholders may want to keep an eye on the company's future performance to make informed decisions.
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