Royal Orchid Hotels Limited announced its consolidated financials for the second quarter and H1 FY24-25, as approved by its board of directors.
Key financial highlights:
Highlights of Q2 FY 24-25 V/s Q1 FY 24-25 (Standalone)
- Total income of Rs 51.94 crore v/s Rs 49.09 crore
- EBIDTA of Rs 16.02 crore v/s Rs 13.62 crore
- PAT of Rs 6.20 crore v/s Rs 4.43 crore
- EPS of Rs 2.26 v/s EPS of Rs 1.62
Highlights of Q2 FY 24-25 V/s Q2 FY 23-24 (Standalone)
- Total income of Rs 51.94 crore v/s Rs 45.50 crore
- EBIDTA of Rs 16.02 crore v/s Rs 14.02 crore
- PAT of Rs 6.20 CR v/s Rs 4.93 crore
- EPS of Rs 2.26 v/s EPS of Rs 1.80
Highlights of H1 FY 24-25 V/s H1 FY 23-24 (Standalone)
- Total income of Rs 101.03 crore v/s Rs 91.07 crore
- EBIDTA of Rs. 29.64 crore V/s. Rs. 27.69 crore
- PAT of Rs 10.63 crore v/s Rs 9.60 crore
- EPS of Rs 3.88 v/s EPS of Rs 3.50
Highlights of Q2 FY 24-25 V/s Q1 FY 24-25 (Consolidated)
- Total income Rs 78.32 crore in v/s Rs 77.66 crore
- EBIDTA of Rs 19.36 crore v/s Rs 21.29 crore
- PAT of Rs 7.52 crore v/s Rs 8.72 crore
- EPS of Rs 2.73 v/s EPS of Rs 3.21
Highlights of Q1 FY 24-25 V/s Q1 FY 23-24 (Consolidated)
- Total income Rs 78.32 crore in v/s Rs 70.07 crore
- EBIDTA of Rs 19.36 crore v/s Rs 18.94 crore
- PAT of Rs 7.52 crore v/s Rs 7.67 crore
- EPS of Rs 2.73 v/s EPS of Rs 2.49
Highlights of H1 FY 24-25 V/s H1 FY 23-24 (Consolidated)
- Total income Rs 155.98 crore in v/s Rs 143.79 crore
- EBIDTA of Rs 40.65 crore v/s Rs 41.86 crore
- PAT of Rs 16.24 crore v/s Rs 18.40 crore
- EPS of Rs 5.94 v/s EPS of Rs 6.02
IND-AS 116 adoption led to a notional increase in depreciation and finance cost of Rs 11.72 crore leading to a reduction in PAT of Rs 2.41 crore at standalone level (SA) for Half Year ended September 30, 2024.
Commenting on the results, Chander K Baljee, Chairman and Managing Director, said, “We are pleased to report continued momentum in financial performance, led by robust growth across our diversified portfolio. Market sentiment and client preference for our brand remain positive. This financial year is going to mark a significant milestone with the launch of our new upcoming upscale brand, poised to capitalize on the inherent demand in this segment. With potential average annual occupancies exceeding 75%, our distinctive offerings and new hotel concept are well-positioned to tap into this growth environment.”
“At the heart of our strategy is creating lasting value for our stakeholders. We’ve reimagined our Loyalty program, ‘Regenta Rewards’ to better connect with our customers. The program’s outstanding performance is a testament to our customer-first mindset and the strong trust our patrons have placed in us. We are ever thankful for the board’s guidance, our clients’ loyalty, and our team’s unwavering passion,” he added.
