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Royal Orchid Hotels Ltd Q1FY24; 8% fall in Profits

Royal Orchid & Regenta Hotels is one of India’s fastest-growing hospitality brands, managing a portfolio of 3920+ Guest rooms across 58 hotels & resorts across 38 cities across the country. . It was founded in 2001 by industry veteran Mr. Chander K Baljee, and is a renowned and trusted brand with a growth plan to reach 100 hotels by 2022.

Financial Results:

Royal Orchid Hotels Ltd reported Revenues for Q1FY24 of ₹69.00 Crores up from ₹60.00 Crore year on year, a rise of 15.0%.

Total Expenses for Q1FY24 of ₹61.00 Crores up from ₹47.00 Crores year on year, a rise of 29.79%.

Consolidated Net Profit of ₹11.00 Crores down 8.33% from ₹12.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.53, down 12.41% from ₹4.03 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.

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