Bangalore, February 14, 2023:
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. Rs. 28.57 Cr
(increased by 63.77%) - EBIDTA of Rs. 17.36 Cr V/s. Rs. 8.97 Cr (increased by 93.53%)
- PAT of Rs. 8.19 Cr V/s. Rs. 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. Rs. 37.56 Cr
(increased by 24.57%) - EBIDTA of Rs. 17.36 Cr V/s. Rs. 13.30 Cr (increased by 30.52%)
- PAT of Rs. 8.19 Cr V/s. Rs. 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.
This is a much-needed impetus for the hospitality industry that has been battered in the last two years. ROHL’s growth is a testament to the belief of our customers, but more importantly, the untiring staff who work 24×7 to make the brand a success. This year the spotlight will be on Regenta by Royal Orchid Hotels with the expansion and target of touching 100 hotels before the end of the year. The aim is to establish and reckon with a brand that is the most sought after ‘value Indian brand’ in the country.”