Royal Orchid Hotels Limited, one of India’s fastest-growing hospitality chains with over 110 hotels across 75+ locations, has announced its consolidated financial results for Q2 and H1 FY24-25, following approval from its Board of Directors. The company’s performance in the second quarter reflects strong revenue growth, driven by rising room occupancy and solid contributions from its diverse portfolio of luxury, upscale, and mid-range properties. The increase in EBITDA further highlights the company’s focus on operational efficiency and effective cost management, solidifying its competitive position in India’s rapidly recovering hospitality market.

Looking ahead, Royal Orchid Hotels is committed to continued expansion, with plans to grow its portfolio in key cities and high-demand tourist destinations. The company’s strategic focus on enhancing customer experiences through technological innovations and maintaining high service standards is poised to fuel long-term profitability. Alongside its financial success, Royal Orchid is also prioritizing sustainability initiatives, investing in eco-friendly practices across its properties to meet the growing demand for responsible tourism. With this balanced approach to growth, Royal Orchid Hotels is set to remain a leader in India’s dynamic hospitality industry.

Key Financial Highlights for Royal Orchid Hotels Limited:

Q2 FY24-25 vs. Q1 FY24-25 (Standalone):

  • Total Income: Rs. 51.94 CR vs. Rs. 49.09 CR
  • EBITDA: Rs. 16.02 CR vs. Rs. 13.62 CR
  • PAT: Rs. 6.20 CR vs. Rs. 4.43 CR
  • EPS: Rs. 2.26 vs. Rs. 1.62

Q2 FY24-25 vs. Q2 FY23-24 (Standalone):

  • Total Income: Rs. 51.94 CR vs. Rs. 45.50 CR
  • EBITDA: Rs. 16.02 CR vs. Rs. 14.02 CR
  • PAT: Rs. 6.20 CR vs. Rs. 4.93 CR
  • EPS: Rs. 2.26 vs. Rs. 1.80

H1 FY24-25 vs. H1 FY23-24 (Standalone):

  • Total Income: Rs. 101.03 CR vs. Rs. 91.07 CR
  • EBITDA: Rs. 29.64 CR vs. Rs. 27.69 CR
  • PAT: Rs. 10.63 CR vs. Rs. 9.60 CR
  • EPS: Rs. 3.88 vs. Rs. 3.50

Q2 FY24-25 vs. Q1 FY24-25 (Consolidated):

  • Total Income: Rs. 78.32 CR vs. Rs. 77.66 CR
  • EBITDA: Rs. 19.36 CR vs. Rs. 21.29 CR
  • PAT: Rs. 7.52 CR vs. Rs. 8.72 CR
  • EPS: Rs. 2.73 vs. Rs. 3.21

Q1 FY24-25 vs. Q1 FY23-24 (Consolidated):

  • Total Income: Rs. 78.32 CR vs. Rs. 70.07 CR
  • EBITDA: Rs. 19.36 CR vs. Rs. 18.94 CR
  • PAT: Rs. 7.52 CR vs. Rs. 7.67 CR
  • EPS: Rs. 2.73 vs. Rs. 2.49

H1 FY24-25 vs. H1 FY23-24 (Consolidated):

  • Total Income: Rs. 155.98 CR vs. Rs. 143.79 CR
  • EBITDA: Rs. 40.65 CR vs. Rs. 41.86 CR
  • PAT: Rs. 16.24 CR vs. Rs. 18.40 CR
  • EPS: Rs. 5.94 vs. Rs. 6.02

Impact of IND-AS 116 Adoption:
The adoption of IND-AS 116 led to a notional increase in depreciation and finance costs of Rs. 11.72 CR, which contributed to a reduction in PAT by Rs. 2.41 CR at the standalone level for the half-year ended 30th September 2024.

Commenting on the results, Mr. Chander K. Baljee, Chairman & Managing Director said, “We are pleased to report continued momentum in financial performance, led by robust growth across our diversified portfolio. Market sentiment and client preference for our brand remain positive. This financial Year going to marks a significant milestone with the launch of our new upcoming upscale brand, poised to capitalize on the inherent demand in this segment. With potential average annual occupancies exceeding 75%, our distinctive offerings and new hotel concept are well-positioned to tap into this growth environment.”

“At the heart of our strategy is creating lasting value for our stakeholders. We’ve reimagined our Loyalty program, ‘Regenta Rewards’ to better connect with our customers. The program’s outstanding performance is a testament to our customer-first mindset and the strong trust our patrons have placed in us. We are ever thankful for the board’s guidance, our clients’ loyalty, and our team’s unwavering passion.” He added.

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