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Tata group stock jumps 15% after its net profits increases by 20% in Q3

Leading Tata Group company posted strong Q3 FY25 results with a 15.6% increase in sales, ₹1,356.1 lakh net income, and ₹104.31 EPS, reflecting robust growth in both quarterly and nine-month performance.
Tata Group Stock Soars 15% as Net Profits Surge 20% in Q3, Reflecting Strong Financial Growth.
Tata Group Stock Soars 15% as Net Profits Surge 20% in Q3, Reflecting Strong Financial Growth.

Introduction:

Leading Tata Group company reported strong third-quarter results for FY25, with sales reaching ₹3,886.6 lakh, up from ₹3,361 lakh a year ago. Net income also rose to ₹1,356.1 lakh, reflecting a 20% increase compared to the previous year.

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Also Read: Steel stock jumps 5% after it signs MoU to establish new pipe manufacturing plant in Kingdom of Saudi Arabia

Share price movement of Benares Hotels:

On January 15, 2025, Benares Hotels Ltd. opened at ₹8,988.00, up 8.7% from its previous close of ₹8,270.40. The stock reached a high of ₹9,400.00 (13.6%) and a low of ₹8,969.95. By 11:24 AM, it traded at ₹9,150.00, a 10.64% increase, with a market cap of ₹1,189.50 crore.

Benares Hotels Reports Strong Q3 Growth:

Benares Hotels Limited reported a strong third-quarter performance for FY25, with sales of ₹3,886.6 lakh, up from ₹3,361 lakh a year ago. Revenue also increased to ₹4,009.5 lakh from ₹3,446.7 lakh, reflecting growth.

The company’s net income for the third quarter stood at ₹1,356.1 lakh, showing a 20% rise from ₹1,130.5 lakh last year. Basic and diluted earnings per share (EPS) surged to ₹104.31, up from ₹55.41 in the same period of the previous year.

For the nine months ending December 31, 2024, Benares Hotels Limited achieved sales of ₹8,634.4 lakh, compared to ₹8,498.2 lakh last year. Revenue rose to ₹9,016.2 lakh, with net income of ₹2,719.5 lakh and EPS of ₹209.2.

Ace investor holding in Benares Hotels:

Aditya Deorah 

Aditya Deorah holds a 2.78% stake in Benares Hotels Ltd, owning 36,200 shares valued at ₹33.1 crore. This significant holding reflects confidence in the company’s prospects and its position in the hospitality sector.

Vinodchandra Mansukhlal Parekh

Vinodchandra Mansukhlal Parekh holds a 1.55% stake in Benares Hotels Ltd, owning 20,115 shares valued at ₹18.4 crore. This investment further underscores investor confidence in the company’s growth prospects.

Stock performance of Benares Hotels for Period of 1 week, 6 months and 1 year:

Benares Hotels Ltd. has shown a modest 0.86% return over the past week. Over the last six months, it gained 2.09%, though the stock has declined by 7.47% over the past year, reflecting mixed performance.

Also Read: Defence stock jumps after it signs MoU with Maha Govt for new defence manufacturing facility

Shareholding pattern of Benares Hotels:

All values in %Sep 2024Jun 2024Mar 2024
Promoter61%62.60%62.60%
FII0.00%0.00%0.00%
DII0.00%0.00%0.00%
Public39%37.40%37.40%
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About Benares Hotels:

Benares Hotels Ltd. (BSE: 509438) is a prominent hospitality player, managing luxury and budget hotels under prestigious brands like Taj Ganges and Ginger Hotel. A Tata Group subsidiary, it delivers exceptional service in key tourist destinations.

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.

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