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Oriental Hotels Ltd Q1FY24; 26% fall in Profits

Oriental Hotels Ltd is primarily engaged in the business of owning, operating & managing hotels, palaces and resorts.

Financial Results:

Oriental Hotels Ltd reported Revenues for Q1FY24 of ₹92.59 Crores up from ₹88.61 Crore year on year, a rise of 4.49%.

Total Expenses for Q1FY24 of ₹80.51 Crores up from ₹74.93 Crores year on year, a rise of 7.45%.

Consolidated Net Profit of ₹7.39 Crores down 25.65% from ₹9.94 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.41, down 26.79% from ₹0.56 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: hotels
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