Soaltee Hotel reports a Y-o-Y Net profit drop of 11.59%; Per share earning stood at Rs 2.28

As per the 3rd quarter report, Hotel Soaltee has earned a net profit of Rs 15.17 crores. The same was Rs 17.16 crores in the previous year, this accounts for a drop of 11.59%. The hotel has a per share earning of Rs 2.28 

The prime reason behind the drop in Net profit is the reduction in the revenue. The company earned an income of Rs 1.12 arba, which was Rs 1.18 arba last year. The increase company's differed expenses and depreciation  also contributed for the fall in Net profit. The company has a net worth of Rs 22.90 . Whereas the face value of the company is Rs 10, unlike other listed companies. 

Soaltee has a paid-up capital of Rs 66.60 crores and a reserve of Rs 85.90 crores.It has a P/E Ratio of 109.27 times and P/B ratio of 10.87 times.