With 80+ hotels across 50+ locations in India, Royal Orchid Hotels Limited is India’s fastest-growing hospitality chain with a diverse portfolio of hotels. In the last quarter, we have done good business in all locations. Below are the financial details.
Highlights of Q3 FY 22-23 V/s Q3 FY 21-22 (Standalone)
- Total Operational Revenue of Rs. 46.79 Cr V/s. 28.57 Cr (increased by 63.77%)
- EBIDTA of Rs. 17.36 Cr V/s. 8.97 Cr (increased by 93.53%)
- PAT of Rs. 8.19 Cr V/s. 1.81 Cr (increased by 352.48%)
- EPS of Rs. 2.99 V/s. EPS of Rs. 0.66
Highlights of Q3 V/s Q2 of FY 22-23 (Standalone)
- Total Operational Revenue of Rs. 46.79 Cr V/s. 37.56 Cr (increased by 24.57%)
- EBIDTA of Rs. 17.36 Cr V/s. 13.30 Cr (increased by 30.52%)
- PAT of Rs. 8.19 Cr V/s. 5.92 Cr (increased by 38.34%)
- EPS of Rs. 2.99 V/s. EPS of Rs. 2.16
Highlights of Q3 FY 22-23 V/s Q3 FY 21-22 (Consolidated)
- Total Operational Revenue Rs. 72.49 Cr in V/s. Rs 52.78 Cr (increased by 37.34%)
- EBIDTA of Rs. 27.75 Cr V/s. Rs. 19.07 Cr (increased by 45.52%)
- PAT of Rs. 15.18 Cr V/s. Rs. 5.73 Cr (increased by 164.92%)
- EPS of Rs 5.27 V/s. EPS of Rs. 1.61
Highlights of Q3 V/s Q2 of FY 22-23 (Consolidated)
- Total Operational Revenue Rs. 72.49 Cr in V/s. Rs 58.06 Cr (increased by 24.85%)
- EBIDTA of Rs. 27.75 Cr V/s. Rs. 20.44 Cr (increased by 35.76%)
- PAT of Rs. 15.18 Cr V/s. Rs. 9.38 Cr (increased by 61.83%)
- EPS of Rs 5.27 V/s. EPS of Rs. 3.22
IND-AS 116 adoption led to a notional increase in depreciation and finance cost of Rs. 3.32 Cr leading to a reduction in PAT by Rs. 0.61 Cr and has also impacted the debt-equity ratio at standalone level (SA) for Q3 (October to December 22) of FY 22-23.
Management Comment
Commenting on the results, Mr. Chander K. Baljee, Chairman & Managing Director said, “The third quarter of 2022-23 has surpassed our expectations. The buoyancy of the market is a positive indication of what lies ahead in the year to come. We are confident to achieve our targets this year with a growing occupancy of over 80% just in the last quarter. The forthcoming summer season looks promising and is a sign of opportunity and profitability.
