Juniper Hotels Limited has reported its Q2 FY25 financial results, showing solid growth in revenue and operational efficiency, although some profitability metrics faced challenges.
Key Highlights:
- Strategic Acquisition: Juniper Hotels has acquired a near-completed hotel in Bengaluru on a 6.5-acre freehold land, with an acquisition cost of ₹325 crore, positioning it for future growth in the hospitality market.
Financial Performance:
- Revenue: The total income for Q2 FY25 stood at ₹222.9 crore, reflecting a 32% year-over-year (YoY) increase from ₹168.5 crore in Q2 FY24.
- EBITDA: The EBITDA for the quarter was ₹72.8 crore, showing a 21% YoY growth compared to ₹60.3 crore in Q2 FY24. However, the EBITDA margin was maintained at 33%.
- Profit Before Tax (PBT): The PBT for Q2 FY25 was ₹19.9 crore, representing a notable 52% increase from the previous quarter.
Operational Developments:
Juniper Hotels also completed Phase 1 of the Grand Hyatt Mumbai upgrade, introducing “The Grand Showroom” – a 49,000 sq. ft. high-end MICE space, enhancing its offerings in Meetings, Incentives, Conferences, and Exhibitions (MICE) services.
The company’s focus on enhancing operational efficiency and expanding its MICE and hospitality portfolio bodes well for sustained revenue growth and market expansion. Investors have responded positively, with shares trading higher on the back of this report.
TOPICS:
Juniper Hotels