The Nifty 50 has fallen up to 7 percent over the past six months. Even amid a weaker broader market, Tata Group’s Benares Hotels has seen an impressive 33 percent gain in 2025 (YTD). The company reported strong Q3 financials owing to rising demand from the ongoing Kumbh Mela.
Stock Performance
With a market capitalization of Rs 1,469.05 crore, the shares of Benares Hotels Ltd surged over 9 percent in Wednesday’s trading session to an intraday high of Rs 11,498.65 compared to the previous closing price of Rs 10,507.20. The stock retraced from its day high and was trading at Rs 11,300.40 which is 7.5 percent higher than the previous closing price.
Benares Hotels reached its 52-week high on February 7, 2025, on which the stock was trading at a price of Rs 11,800 per share. Further, the stock’s five year returns stand at a tremendous 577 percent.
Company Overview
Benares Hotels Ltd, an indirect subsidiary of the Tata Group in the hospitality segment is primarily engaged in the business of operating hotels. It owns Taj Ganges and Nadesar Palace in Varanasi, as well as Ginger Hotel in Gondia, Maharashtra. The Varanasi properties feature 144 rooms and suites, while Ginger Hotel in Gondia has around 34 rooms.
Management Commentary
Dr Anant Narain Singh, Chairman of Benares Hotels said “BHL reported three consecutive quarters of high double-digit growth in revenue, leading to an all-time high EBITDA margin of 46 percent and PAT of Rs 27.2 crore for the nine-month period ending December 2024. Domestic demand continues to be strong, and quarter four is expected to deliver record revenue with the upcoming Kumbh Mela and related travel in the region.”
Financial Performance
Benares Hotels reported a 16 percent year on year increase in revenue from Rs 34 crore to Rs 39 crore. On a quarterly basis, the revenue skyrocketed by 62.5 percent.
This was accompanied by a 20 percent year on year increase in net profits from Rs 11 crore to Rs 14 crore and a 100 percent quarter on quarter increase from Rs 7 crore to Rs 14 crore.
Ace Investor
Renowned Indian ace investor Vinodchandra Mansukhlal Parekh holds a 1.55 percent stake in Benares Hotels Ltd which equates to about 20 thousand equity shares.
Written by Shwetha Sairam
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
