Hotel stock hits 20% upper circuit after its net profit grows by 203.5% QoQHotel stock hits 20% upper circuit after its net profit grows by 203.5% QoQ

Introduction:

Hotel stock reported a significant rise in total income for Q3 FY2024, reaching ₹11,264.48 crore. This was driven by higher operational revenue. The company posted impressive growth in net profit, marking a substantial 203.51% QoQ increase, reflecting strong performance.

Share Price movement of Kamat Hotels (India) Ltd:

On February 3, 2025, Kamat Hotels (India) Ltd opened at ₹249.95, up 10.0% from its previous close of ₹227.15. The stock reached a high of ₹272.55 and a low of ₹233.45. By 02:50 PM, it traded at ₹272.55, a 19.99% increase, with a market cap of ₹803.48 crore.

Kamat Hotels (India) share price rise:

Kamat Hotels (India) Ltd reported a total income of ₹11,264.48 crore for Q3 FY2024, marking a significant increase from ₹8,708.78 crore in the previous quarter. This growth was primarily driven by higher revenue from operations, which rose to ₹11,089.20 crore.

The company’s total expenses for the quarter amounted to ₹7,726.01 crore, up from ₹7,540.45 crore in Q2 FY2024. The increase in expenses was mainly driven by higher consumption of food and beverages, employee benefits, and finance costs, all of which saw notable increases.

Kamat Hotels posted a net profit of ₹3,554.56 crore for the quarter, reflecting a significant growth of 203.51% QoQ from ₹1,171.00 crore in the previous quarter. The tax expense for the quarter stood at ₹936.51 crore, reflecting the company’s improved profitability.

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Recent news About Kamat Hotels (India) :

On February 1, 2025, Kamat Hotels (India) Ltd. announced the launch of “IRA by Orchid Hotels,” a new hotel management and leasing arm. This initiative aims to expand the company’s presence across multiple locations, enhancing its portfolio and market reach.

Ace investor holding of  Kamat Hotels (India):

Vinod Aggarwal holds a 1.08% stake in Kamat Hotels (India) Ltd, owning 319,417 shares valued at ₹8.7 crore. His investment reflects confidence in the company’s potential and growth in the hospitality sector.

Stock performance of Kamat Hotels (India) for Period of 1 week, 6 months and 1 year:

Kamat Hotels (India) stock has shown a positive 9.73% return over the past week. Over the last six months, it saw a modest gain of 0.51%. However, the stock experienced a decline of 29.3% over the past year, indicating long-term volatility.

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Shareholding pattern of Kamat Hotels (India):

All values in %	Dec-24	Sep-24	Jun-24
Promoters	57.78	57.78	64.2
FII	0	0	0
DII	4.53	4.53	0
Retail & others	37.68	37.68	35.79

About Kamat Hotels (India):

Kamat Hotels (India) Ltd is a leading hotel chain in India, offering hospitality services across various segments. The company operates restaurants, resorts, and hotels, focusing on providing quality service and enhancing customer experiences in the tourism and hospitality industry.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.