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Oriental Hotels Ltd Q2FY24; 46% 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 Q2FY24 of ₹91.03 Crores up from ₹88.80 Crore year on year, a rise of 2.51%.
  • Total Expenses for Q2FY24 of ₹81.69 Crores up from ₹75.74 Crores year on year, a rise of 7.86%.
  • Consolidated Net Profit of ₹4.37 Crores down 45.71% from ₹8.05 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.24, down 46.67% from ₹0.45 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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