Brigade Hotel Ventures (BRIGHOTEL) Q4 18/19 earnings summary

Executive summary

• FY19 total income rose to ₹20,635 lakh from ₹16,947 lakh; net loss widened to ₹1,232 lakh from ₹1,178 lakh.

• Operations comprise hospitality services, with management expecting the hotel portfolio to perform better in coming years.

Financial highlights

• Revenue from operations ₹20,453 lakh vs ₹16,646 lakh; other income ₹182 lakh vs ₹301 lakh.

• Total expenses ₹22,398 lakh vs ₹17,474 lakh; loss before exceptional items ₹1,763 lakh vs ₹527 lakh.

• Net loss ₹1,232 lakh and comprehensive loss ₹1,217 lakh vs ₹1,178 lakh and ₹1,167 lakh, respectively.

• FY18 included ₹1,055 lakh exceptional stamp-duty expense for the arrangement; FY19 provision was nil.

Outlook and guidance

• Hospitality prospects described as bright, supported by tourist inflows to India and an established hotel mix; operations are expected to improve in coming years.