Royal Orchid Hotels Limited announced its consolidated results today for Q4 FY23–24 as approved by its Board of Directors.
Key financial highlights:
Highlights of Q4 FY 23–24 vs Q4 FY 22–23 (Consolidated)
- Total Income: Rs 82.30 cr vs Rs 76.54 cr indicating a 7.5% increment
- EBIDTA: Rs 23.87 cr vs Rs 25.81 cr indicating a 7.5% decrease
- PAT: Rs 16.69 cr vs Rs 13.12 cr indicating an increase of 27%
- EPS: Rs 6.06 vs Rs 4.62
Highlights of FY 23-24 vs FY 22-23 (Consolidated)
- Total Income: Rs 312.70 cr vs Rs 279.69 cr indicating an increase of 12%
- EBIDTA: Rs 95.16 cr vs Rs 98.03 cr indicating a decrease of 3%
- PAT: Rs 50.82 cr vs Rs 49.22 cr indicating a 3% increment
- EPS: Rs 17.68 vs Rs 17.15
IND-AS adoption led to a notional increase in depreciation and finance costs of Rs 21.61 cr leading to a reduction in PAT of Rs 4.69 cr at the standalone level (SA) for FY 23–24.
Commenting on the results, Chander K Baljee, Chairman and Managing Director, said, “We are at an inflection point in our life as a public company, and with the key drivers of growth being implemented to demonstrate our vision for the future of Indian hospitality by redefining brands, strengthening our management team, and bringing in new technologies and processes, FY25 poises to be a transformative year, setting the company up for the future.”
“Our financial performance remains robust, with a 12% increase in our consolidated annual revenue for this fiscal year compared to the same period last year. Additionally, we have reported a 27% jump in PAT for Q4FY24 compared to the same period last year. Our EPS remains strong and our debt has been significantly reduced, reflecting our commitment to maintaining a healthy balance sheet,” commented Amit Jaiswal, Chief Financial Officer.
