1:1 Bonus Issue, Rs 2/Share Dividend: Hotel Stock Approves Allotment Of Bonus Shares

Small cap company from Hotels sector, Advani Hotels & Resorts (India) Ltd shares declined 0.86% on BSE to settle at Rs 75.10 apiece. Advani Hotels shares declined over 8% in last 1-month. In last 1-year, the scrip rallied 111%. Advani Hotels today issued an update pertaining to 1:1 bonus share on BSE. The Board of Directors held a meeting today and approved allotment of 4,62,19,250 fully paidup Equity Shares of Rs 2/- each by way of Bonus issue to such members whose names have appeared in the Register of Members as on March 20, 2024, being the 'Record Date' fixed for the said purpose. The Bonus issue is in the proportion of 1:1, i.e. 1 (One) new fully paid-up Equity Share of Rs 2/- each for every 1 (One) existing fully paid-up Equity Share of Rs 2/- each. Check details below:

Advani Hotels Dividend In 2024: Advani Hotels also announced its Interim Dividend @ 100% i.e. Rs. 2/- (Rupees Two only) per Equity Share of face value of Rs. 2/- each for the Financial Year 2023-2024. The ex-dividend date was February 9, 2024.

Advani Hotels Shares Performance: The 52-week high price of Advani Hotels share on BSE is Rs 87.50 apiece and 52-week low price is Rs 33.38 apiece, respectively. Advani Hotels has a market capitalisation of Rs 694.21 crore. It has a PE of 13.84 and ROE of 41.32. Advani Hotels shares surged 76% in last 6-months, gained 111% in last 1-years, and offered gain of 147% in last 3-years. In last 5-years, Advani Hotels stock surged 122%.

Advani Hotels Financial Performance: Advani Hotels informed via its BSE filing that it registered a milestone of the highest ever revenue of INR 3,304 lakhs in Q3FY24, the highest revenue in any quarter in its operating history, registering a growth of 11% (YoY). The Q3FY24 Profit Before Tax (PBT) declared at INR 1,270 lakhs, registering a growth of 8% (YoY).

The Company is debt-free and the Liquid Fund Reserves (including Fixed Deposits) are at INR 4,812 lakhs as on December 31, 2023, after deducting a 70% Interim Dividend pay-out of INR 647 lakhs in June 2023 and after deducting cash-outflows towards capital expenditures during the ninemonth period of the current financial year, added the BSE filing of the company.

The EBITDA soared by Rs 106 lakhs as against the corresponding quarter of last year. However, the EBITDA margins fell by 1% due to strategic investments in its workforce, including hiring new talent and rewarding the existing talent pool with increments to encourage and retain valuable employees. Adavani's Profit After Tax (PAT) stood at INR 931 lakhs, up 6%.

Advani Hotels About: Advani Hotels & Resorts (India) Limited (ADVANIHOTR) is a publicly-traded, Company incorporated in 1987, headquartered in Mumbai and is listed on the Bombay Stock Exchange and National Stock Exchange of India. It owns and operates the 'Caravela Beach Resort Goa'; an independent, 201-key, 5-Star Deluxe golf resort on the Arabian Sea, designed by the world-famous architects WATG (who designed both the 'Atlantis' resorts).

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