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Royal Orchid Hotels Ltd. (ROHL), a listed hotel company with over 100 hotels nationwide, announced its standalone and consolidated results for Q1 FY24-25 following the approval of its Board of Directors.As per the financial statement issued by the company, the hotel company had registered robust growth in the total income on a standalone and consolidated basis in Q1FY24-25. As against INR 45.58 crore total income in Q1FY24, in Q1FY25, the total income of the hotel company on a standalone basis has increased to INR 49.09 crore. On a consolidated basis also, as against INR 73.72 crore last year, the total income in Q1FY2025 has grown to INR 77.66 crore.However, there has been a dip both in PAT (Profit After Tax) and EBIDTA on a standalone and consolidated basis in the first quarter. The standalone EBIDTA has been down from INR 13.67 crore in Q1FY24 to INR 13.62 crore in Q1FY25. Similarly, there has been a marginal dip in PAT on an YoY basis, from INR 4.66 crore last year to INR 4.43 crore, in Q1FY25.The consolidated results also show a similar drop in EBIDTA from INR 22.92 crore in Q1FY24 to INR 21.29 crore in the first quarter FY25. PAT is also down from INR 10.73 crore to INR 8.72 crore on a YoY basis.Committing on the results, Chander K. Baljee, chairman & managing director, ROHL said, “We are pleased to report balanced portfolio growth across regions, with an increase in revenue over the same period last year and the addition of 6 new properties during this quarter. Reinforcing our commitment to strategic growth, we fortified our presence in the NCR region and the commercial hub of Mumbai and opened the largest All-Suite 5-star hotel in Surat, Gujarat. We remain on course with our strong expansion plans to add 3 new categories of brands and 1800+ keys in next 9 months, positioning us well for sustained growth in coming quarters”ROHL operates over 80+ Regenta hotels across different categories of hotels, with Regenta becoming the vehicle of growth across the country. Regenta Rewards will form the umbrella loyalty platform bringing together the 100+ hotels across the group today, and the new hotels planned for the year.
Published On Aug 17, 2024 at 03:00 PM IST
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