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Royal Orchid Hotels Ltd Q3 net profit up 34% at Rs.4.22 crore

Published in Corporate Saturday, 03 February 2018 12:57

Royal Orchid Hotels Limited,a fast emerging hotel chain operating 5 and 4 star hotels for business and leisure travellers reported itsthird quarter financial results for the quarter ended 31stDecember2017.

Highlights of Q3 FY18 v/s Q2 FY18
•    Revenue from operationsRs28.40crin v/s.Rs24.72cr
•    EBIDTA of Rs6.87crv/s.Rs4.07cr
•    PAT of Rs4.22crv/s.Rs 3.15cr
•    EPS of Rs1.55v/s.EPS of Rs 1.16

Highlights of Q3 FY18 v/s Q3 FY17
•    Revenue from operations of Rs28.40cr in v/s.Rs22.47cr
•    EBIDTA of Rs6.87crv/s.Rs3.78cr
•    PAT of Rs4.22cr v/s.Rs4.17cr
•    EPS of Rs1.55v/s. EPS of Rs1.53

Key Business initiatives
•    Increase in revenue from operations by 26% in Q3 FY18 as compared to Q3 FY17
•    Increase in EBIDTA by 82% in Q3 FY18 as compared to Q3 FY17

Management Comment

Commenting on the results ChenderBaljee, Managing Director said, “We are delighted to share that we’re reaping the benefits of the asset light model and have made a profit on consolidated level. For the third quarter of this fiscal year we added two new properties, takingour total count to 49 hotels.
Going forward we plan to rapidly expand through management contracts and enhance our presence across destinations in India”

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