The Byke Hospitality Reports Flat Performance Amid Rising Interest Expenses in December 2024
The Byke Hospitality reported its Q3 FY24-25 financial results, showing flat performance despite achieving its highest quarterly net sales in five quarters at Rs 26.12 crore, a 23.91% year-on-year increase. However, rising interest expenses and a declining operating profit to interest ratio indicate potential financial challenges ahead.
The Byke Hospitality has recently reported its financial results for the quarter ending December 2024, revealing a flat performance for Q3 FY24-25. Notably, the company's evaluation has undergone an adjustment, with its score shifting to -5 from -7 over the past three months.In terms of sales, The Byke Hospitality achieved its highest quarterly net sales in the last five quarters, totaling Rs 26.12 crore, which reflects a year-on-year growth of 23.91%. This positive sales trend indicates a favorable near-term outlook for the company.
However, the financial results also highlight some challenges. The interest expense for the quarter reached Rs 2.84 crore, marking the highest level in five quarters and a significant quarter-on-quarter increase of 75.31%. This rise in interest costs suggests an increase in borrowings, which may impact the company's financial stability. Additionally, the operating profit to interest ratio has fallen to its lowest point in five quarters at 3.50 times, indicating a potential strain on the company's ability to manage its interest payments.
For more insights on The Byke Hospitality's financial performance and evaluation changes, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{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}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
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
