Rs 25/Share Dividend Payout: Multibagger Small Cap Tata Stock Declares 52.6% Jump In Q4 PAT

Tata Group hotel sector stock, Benares Hotels Ltd today declared its results for the 4th quarter and full year ending March 31, 2024. The small cap company declared its profit after tax (PAT) for Q4 FY 2023-24 at Rs 11.6 crore, up 52.6% as compared to Rs 7.6 crore declared in the corresponding quarter of last year. The company also recommended final dividend of Rs 25 per share as compared to Rs 20/share declared last year.

The last trading price of Benares Hotels share on BSE is Rs 8961.95 per share with intraday gain of 1.27%. Benares Hotels shares gave attractive return of 141% in last one-year only.

Benares Hotels Recommends Final Dividend: As per the regulatory filing of Benares Hotels dated April 19, 2024, "Recommended a dividend @ 250 % i.e., Rs. 25/- per share on 13,00,000 Equity Shares of Rs.10/- each (previous year @200% i.e., Rs. 20/- per Equity Share), subject to approval of the Shareholders at the forthcoming Annual General Meeting of the Company."

Benares Hotels Q4 Results: The Tata Group company announced its Q4 FY 2023-24 revenue at Rs 36.6 crore, up 30.71% as compared to Rs 28.0 crore declared in the similar quarter of last year. It announced its EBITDA for the quarter under consideration at Rs 16.9 crore, up 44.44% from Rs 11.7 crore announced in Q4 of FY 2022-23.

Dr. Anant Narain Singh, Chairman, Benares Hotels Limited (BHL) said, "BHL reported a year on year growth of 31% in total revenue crossing the milestone of hundred crores at INR 124 crores, a first in the company's history. This performance was led by a 27% growth in average room rates resulting in a record EBITDA margin of 44%, a year on year expansion of 400 basis points."

He added, "The construction of the new tower wing at Taj Ganges with 100 additional rooms is well underway and is expected to be operational in October 2025."

How Much 500 Shares Investment Gave Profit After 1-Year? Benares Hotels shares offered return of 140.70% in last 1-year. 1-Year ago on April 13, 2023, Benares Hotels share price was Rs 3250 apiece. If you had bought 500 shares of Benares Hotels Ltd an year ago, you would have got a profit of Rs 6,613,75 in 1-year span with a corpus of 22,86375.

Benares Hotels Shares Performance & Return: The 52-week high price of Benares Hotels shares on BSE is Rs 10,051.00 apiece (as on 01/02/2024) and 52-week low price is Rs 3415.00 apiece (as on 20/04/2023). The small cap company has a market capitalisation of Rs 1165.05 crore. Benares Hotels shares declined 1.93% in last 1-week and fell over 1% in last 1-months. In last 6-months, Benares Hotels shares soared 41% and gained 141% in last 1-year. In last 2-years, Benares Hotels stock surge 278% and rallied 638% in last 3-years. In last 5-years, Benares Hotels share zoomed 476%. The scrip gained 1375% in last 10-years.

Benares Hotels Technical: Score is 53.3 indicating the stock is technically neutral. Stocks with score between 60 and 70 are considered as technically Moderately Strong. Its RSI is 48.9. RSI below 30 is considered oversold and above 70 overbought. MFI is 51.9, MFI below 30 is considered oversold. This implies that stock may rebound. Promoters holding remains unchanged at 62.57% in Dec 2023 quarter, according to Trendlyne.

About: Benares Hotels Limited is a listed public limited company incorporated in 1971. The Company operates its hotels, viz. Taj Ganges and Nadesar Palace in Varanasi and Ginger Hotel, Gondia in Maharashtra. The Company became a subsidiary of The Indian Hotels Company Limited in 2011. While Taj Ganges and Nadesar Palace at Varanasi has 144 rooms and suits, Ginger Hotel at Gondia has 34 rooms, according to its official website.

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