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Sinclairs Q4 PAT Up 105%

Posted On: 2019-05-22 14:16:40

For the quarter ended 31st March, 2019, Sinclairs Hotels Ltd posted a Total Income of Rs.1347.85 as against Rs.1149.82 lakh for the same period in the previous year. The EBIDTA for the quarter increased by 45% and stood at Rs.648.36 lakh (Rs.446.87 lakh) while the Profit After Tax showed a sharp increase by 105% to Rs. 325.88 lakh (Rs.158.77 lakh).

For the year ended 31st March 2019, the Company's Total Income stood at Rs.4958.31 lakh (Rs.4817.19 lakh) and its EBIDTA stood at Rs.2161.10 lakh (Rs.2133.37 lakh). The Profit Before Tax for the year stood at Rs.1408.51 lakh (Rs.1395.10 lakh) while the Profit After Tax was Rs.974.69 lakh (Rs.1173.79 lakh).

The Company has strong fundamentals and is debt free.As at 31st March 2019, its Other Equity (excluding Revaluation Reserve) stood at Rs.9159.04 lakh (Rs.8452.50 lakh) on a paid up equity share capital of Rs.557 lakh (Rs.557 lakh).

The Board of Directors has recommended a Dividend of 60% i.e. Rs. 6 per Equity Share of Rs.10 each, subject to the approval of Shareholders at the ensuing Annual General Meeting.

The Company's iconic property Sinclairs Bayview at Port Blair which was closed for several months during the year for extensive renovation commenced operations in the last quarter, imparting a fresh momentum to the Company's performance.

Shares of SINCLAIRS HOTELS LTD. was last trading in BSE at Rs.326 as compared to the previous close of Rs. 315. The total number of shares traded during the day was 1861 in over 21 trades.

The stock hit an intraday high of Rs. 326 and intraday low of 317. The net turnover during the day was Rs. 599598.


Source: Equity Bulls

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