Sinclairs Hotels' nine months EBIDTA up 23.90 per cent

Plans expansion in Rajasthan and Himachal Pradesh soon

Sinclairs Hotels Ltd has posted a total income of Rs 4,826.39 lakh (Rs 4,309.65 lakh) and EBIDTA of Rs 2,362.33 lakh (Rs 1,906.67 lakh) for the nine months ended December 31, 2023. Profit Before Tax for the period stood at Rs 1,902.76 lakh (Rs 1,485.22 lakh) while Profit After Tax for the period was Rs 1,521.99 lakh as against Rs 1,132.97 lakh in the corresponding nine months of the previous year. 

For the quarter ended December 31, 2023, the company posted a total income of Rs 1,611.90 lakh, a 6.66 per cent increase over Rs 1,511.21 lakh for the corresponding quarter in the previous year. EBIDTA for the quarter was Rs 780.57 lakh (Rs 688.19 lakh) and Profit Before Tax was Rs 639.90 lakh (Rs 539.29 lakh), while Profit After Tax for the quarter stood at Rs 547.30 lakh (Rs 404.48 lakh). 

Buyback at Rs 200 per share: The buyback of 15,20,000 equity shares of Rs 2 each at a price of Rs 200 per share amounting to Rs 30,40,00,000 was completed on October 25, 2023 and paid-up share capital stood reduced to Rs 512.60 lakh. 

1:1 Bonus Issue: On January 30, 2024, 2,56,30,000 fully paidup bonus equity shares of Rs 2 each in the ratio of 1:1 were issued and allotted. Accordingly, the paidup share capital stands increased to Rs 1025.20 lakh, comprising 5,12,60,000 equity shares of Rs 2 each. The said bonus shares have been listed and trading has commenced. 

Expansion Plans: The company has decided to expand by acquiring on lease/management contract hotel properties in the states of Rajasthan and Himachal Pradesh. Negotiations with several property owners are in an advanced stage. 

Sinclairs properties at Ooty, Darjeeling, Burdwan, Dooars, Kalimpong, Siliguri and Gangtok, were once again the recipients of the TripAdvisor Travellers’ Choice Award 2023, based on the reviews and opinions from travellers around the world. This annual award recognises the best tourism establishments in terms of service, quality, customer satisfaction and more, across a range of categories. The properties of Sinclairs are also highly rated by leading online travel portals like Booking.com, Agoda.com, GO-MMT, etc.


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