In Friday’s trading session, the share price of a leading conglomerate with business interests in Real Estate surged 11 percent on BSE to hit an intraday high at Rs. 33.54, after the company announced its plans to venture into the hospitality business. 

At 10:26 a.m., the shares of Hampton Sky Realty Limited were trading in the green at Rs. 32.15, up by 6.4 percent, as against its previous closing price of Rs. 30.22, having a market cap of Rs. 882.7 crores. 

According to the latest regulatory filings with the BSE, Hampton Sky Realty announced its future plans to construct a state-of-the-art luxury hotel(s), in collaboration with a prestigious luxury hotel chain(s). 

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The project will be developed on prime land owned by Hampton and intends to set a new benchmark for luxury accommodations in the region. 

Hampton also aims to secure collaboration with a leading operational management firm as a strategic move towards ensuring smooth operations and outstanding service delivery. 

Through this strategic partnership, the hotel’s operations will be monitored and managed by professionals, ensuring that every guest visiting from all over the world will have a smooth and luxurious stay. 

The new hotel(s) will feature a range of luxurious accommodations, world-class dining options, spa and wellness facilities, and cutting-edge conference and event spaces. 

In terms of financials, the company reported a rise in the revenue from operations by 41.5 percent QoQ, from Rs. 59.02 crore in Q3 FY23-24 to Rs. 83.54 crore in Q4 FY23-24, while the after-tax profit grew by 565.5 percent QoQ from Rs. 3.04 crore to Rs. 20.23 crore, during the same period. 

On a year-on-year basis, the Earnings Before Interest, Taxes, Depreciation, and Amortisation, or EBITDA increased from Rs. 3.28 crore in FY22-23 to Rs. 35.57 crore in Q4 FY23-24, representing a growth of 985 percent. 

As per the shareholding pattern of March 2024, the Promoters hold a 74.89 percent stake in the company, Foreign Institutional Investors (FII) hold a 3.54 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 21.51 percent and 0.06 percent stake in Hampton Sky Realty, respectively.

The stock has delivered negative returns of nearly 20.8 percent in one year, and around 31 percent of negative returns year-to-date. 

Established in 1987, Hampton Sky Realty Limited, formerly known as Ritesh Properties and Industries Limited, is an India-based conglomerate company engaged in the business of Real Estate Business, Textiles, and trading in Shares & Derivatives. 

The company is also engaged in the trade (exports of mobile phones) to the Middle-Eastern countries. 

Written by Shivani Singh 


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