Juniper Hotels Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
March 18, 2024 at 05:00 am EDT
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Juniper Hotels Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,362.71 million compared to INR 1,785.78 million a year ago. Revenue was INR 2,406.99 million compared to INR 1,974.17 million a year ago. Net income was INR 35.44 million compared to INR 12.18 million a year ago. Basic earnings per share from continuing operations was INR 0.21 compared to INR 0.08 a year ago. Diluted earnings per share from continuing operations was INR 0.21 compared to INR 0.08 a year ago.
For the nine months, sales was INR 5,723.83 million compared to INR 4,728.71 million a year ago. Revenue was INR 5,781.3 million compared to INR 5,184.28 million a year ago. Net loss was INR 229.58 million compared to INR 162.92 million a year ago. Basic loss per share from continuing operations was INR 1.49 compared to INR 1.13 a year ago. Diluted loss per share from continuing operations was INR 1.49 compared to INR 1.13 a year ago.
Juniper Hotels Limited is an India-based luxury hotel development and ownership company. The Company has a partnership between Saraf Hotels, a hotel developer with a track record in India, and affiliates of a premier hospitality brand, Hyatt Hotels Corporation (Hyatt). It owns various Hyatt affiliated hotels in India. The Company has a portfolio of seven hotels and serviced apartments and operates approximately 1,836 keys (including 245 serviced apartments). Its hotels and serviced apartments are present across the luxury, upper upscale and upscale categories of hotels and are located in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur and Hampi. The Companyâs hotels and serviced apartments include the Grand Hyatt Mumbai Hotel and Residences, Andaz Delhi, the Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow, Hyatt Raipur, and Hyatt Place Hampi.