123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Royal Orchid Hotels Ltd Fy 22-23 Standalone Income At 48.67 Cr In Q4 And Consolidated Income At 76.54 Cr In Q4. New Hotel Launched In Fy 22-23

Profile Picture
By Author: Kishan Balaji
Total Articles: 519
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

BSE Code:532699
NSE Code: ROHLTD

CORPORATE OFFICE
#1, Golf Avenue,
Adjoining KGA Golf Course,
HAL Airport Road,
Bangalore – 560 008,
Karnataka

For more information,
please contact:

Santosh Jochim
+91 7892772953
Satosh@prhub.com

Kishan Balaji
+919845030097
kishan@prhub.com

Bengaluru, May 31, 2023: Royal Orchid Hotels Limited, a rapidly expanding hotel chain catering to both business and leisure travelers with its portfolio of 5-star, 4-star, and resort properties, has announced its financial results for the quarter and period ending on March 31, 2023.

Highlights of Q4 FY 22-23 V/s Q4 FY 21-22 (Standalone)
• Total Income of Rs. 48.67 CR V/s. Rs. 26.57 CR – 83%
• EBIDTA of Rs. 16.66 CR V/s. Rs. 8.51 CR – 95%
• PAT of Rs. 7.18 CR V/s. Rs. 2.78 CR – 158%
• EPS of Rs. 2.62 V/s. EPS of Rs. 1.01 – 159%

Highlights of YE Mar-23 V/s YE Mar-22 (Standalone)
• Total Income of Rs. 176.62 CR V/s. Rs. 88.25 CR – 100%
...
... • EBIDTA of Rs. 61.85 CR V/s. Rs. 23.54 CR – 162%
• PAT of Rs. 28.18 CR V/s. Rs. (0.73) CR – 3960%
• EPS of Rs. 10.27 V/s. EPS of Rs. (0.26) – 4050%

Highlights of Q4 FY 22-23 V/s Q4 FY 21-22 (Consolidated)
• Total Income Rs. 76.54 CR in V/s. Rs 46.95 CR – 63%
• EBIDTA of Rs. 25.80 CR V/s. Rs. 14.24 CR – 81%
• PAT of Rs. 13.12 CR V/s. Rs. 31.67 CR – (58%)
• EPS of Rs 4.62 V/s. EPS of Rs. 11.59 – (60%)

Highlights of YE Mar-23 V/s YE Mar-22 (Consolidated)
• Total Income Rs. 279.69 CR in V/s. Rs. 155.93 CR – 79%
• EBIDTA of Rs. 98.03 CR V/s. Rs 40.35 CR – 142%
• PAT of Rs. 49.22 CR V/s. Rs. 26.78 CR – 83%
• EPS of Rs. 17.15 V/s. EPS of Rs 10.71 – 60%

IND-AS 116 adoption led to notional increase in depreciation and finance cost of Rs. 13.44 CR leading to reduction in PAT of Rs. 2.77 CR and has also impacted the debt equity ratio at standalone level (SA) for FY 2022-23

Management Comment

In reference to the results, Mr. Chander K Baljee, Chairman & Managing Director, expressed, "This year has been significant for us in multiple aspects – commemorating our 50 years in the

Industry, expanding internationally, and sustaining business success. We are dedicated to providing a value-driven luxury
Experience to every Indian through our portfolio of over 90 hotels and 5,442 keys till date. The resurgence of travel affirms our belief in the ever-evolving Indian traveler, whether for leisure or business purposes. Our strategic plan involves expanding the Regenta brand into Tier 2 & 3 cities, exploring smaller cities with promising potential."

About Royal Orchid & Regenta Hotels:

Regenta & Royal Orchid Hotels is one of India’s fastest-growing hotel chains. It primarily operates 5-star, 4-star, and resorts, enabling it to target discerning business and leisure travelers. It currently operates 90+ hotels across India. Promoted by Chander K Baljee, Royal Orchid Hotels has become one of India’s most well-known names in hospitality. Royal Orchid is listed on the Bombay & National Stock Exchanges (BSE & NSE) and is governed by an independent board of eminent directors.
The group has bagged many awards including The National Tourism Award 2008-09 organized by the Ministry of
Tourism, Top 50 Brands for 2014 and 2015 by Paul Writer and most recently, the following:

• Mr Chander Baljee awarded Best Contribution to the Hospitality Industry by the South India Hotel and Restaurant Association (SIHRA) at Annual Convention 2022 in South India.
• Mr Chander Baljee was featured into the India Today’s 10 successful business leaders from India to look out for in 2022.
• Mr Chander Baljee has been honored Super Star of the Hospitality Industry by AHPWI at Indian Hospitality Leadership Award 2022.
• Mr. Chander Baljee, was inducted into Hotelier India's CEO Powerlist, 2021.
• Hotelier India conferred Mr. Chander K Baljee, CMD of Royal Orchid & Regenta Hotels with Hall of Fame Award in 2021.
• Jeff's awarded the Best Pub 2022 by Time Food & Nightlife awards 2022.
• Hotel Royal Orchid, Bangalore and Royal Orchid Central Manipal Central, MG Road have been awarded Best Business Hotel 2021 by Yatra.
• ‘Lifetime Achievement Award’ conferred by International Hospitality Council in Association with IIHM Bangalore, 2019.

Total Views: 127Word Count: 676See All articles From Author

Add Comment

Business Articles

1. Most Expensive Places To Live In Dubai 2025: Top 14 Luxury Areas
Author: luxury Spaces

2. Lucintel Forecasts The Phototherapy Lamp Market In Germany To Reach $1 Billion By 2031
Author: Lucintel LLC

3. Lucintel Forecasts The Percussion Instrument Market In United States To Reach $2 Billion By 2031
Author: Lucintel LLC

4. Lucintel Forecasts The Percussion Instrument Market In Japan To Reach $2 Billion By 2031
Author: Lucintel LLC

5. Gojek Clone App Script – A Complete Guide For Startups & Enterprises
Author: Swiza Joy

6. Lucintel Forecasts The Percussion Instrument Market In Germany To Reach $2 Billion By 2031
Author: Lucintel LLC

7. Web Design In The Age Of Ai: Opportunities And Challenges For Digital Marketers
Author: Vikram kumar

8. Lucintel Forecasts The Lung Cancer Surgery Market In United States To Reach $6 Billion By 2031
Author: Lucintel LLC

9. Salary Loans For Salaried Employees
Author: salarytopup

10. How Performance Testing Services Boost Software Quality
Author: Arnav Goyal

11. Byst: The Power Of Strong Business Mentors For Entrepreneurial Growth
Author: Byst Youth

12. How Iso 27001 Auditor Training Prepares Individuals For Internal Audits
Author: Jane

13. How To Sell My House Fast In Kentucky: A Homeowner's Guide?
Author: Adams Kirsten

14. Attractions And Living: Homes For Sale In Lexington, Ky
Author: Adams Kirsten

15. Trusted Old Coin Buyer: How To Sell Your Old Coins Safely In India
Author: surbhi

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: