Royal Orchid Hotels saw its net profits for the fourth quarter drop by 58 per cent to ₹13.12 crore as against ₹31.67 crore in the same quarter last year.
During Q4, net income grew by 63 per cent to ₹76.54 crore (₹46.95 crore) . Its EBIDTA stood at ₹25.80 crore, an improvement of 81 per cent.
The hotel chain’s annual profits stood at ₹49.22 crore (₹26.78 crore), an increase of 83 per cent. While the annual income grew by 79 per cent to ₹279.69 crore (₹155.93 crore) .
“This year has been significant for us in multiple aspects – commemorating our 50 years in the industry, expanding internationally, and sustaining business success. We are dedicated to providing a value-driven luxury experience to every Indian through our portfolio of over 90 hotels and 5,442 keys to date,” said Chander K Baljee, Chairman & Managing Director.
The resurgence of travel affirms our belief in the ever-evolving Indian traveller , for leisure and business purposes. “Our strategic plan involves expanding the Regenta brand into tier 2 & 3 cities, exploring smaller cities with promising potential,” the company noted. The company announced an EPS of ₹4.62 to Rs. (₹11.59).
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.