With 75+ hotels across 48+ locations in India, Royal Orchid Hotels Limited is India’s fastest-growing hospitality chain with a diverse portfolio of hotels. In the last quarter, the hotel has done good business in all locations. Below are the financial details.
Highlights of Q2 FY 22-23 V/s Q2 FY 21-22 (Standalone)
- Total Revenue of Rs. 37.56 cr V/s. Rs. 18.64 cr (Increased by 102%)
- EBIDTA of Rs. 13.30 cr V/s. Rs. 5.86 cr (Increased by 127%)
- PAT of Rs. 5.92 cr V/s. Rs. 2.66 cr (Increased by 123%)
- EPS of Rs. 2.16 V/s. EPS of Rs. 0.97
Highlights of Q2 FY 22-23 V/s Q2 FY 21-22 (Consolidated)
- Total Revenue Rs. 58.06 cr in V/s. Rs 31.85 cr (Increased by 82%)
- EBIDTA of Rs. 20.44 cr V/s. Rs. 8.75 cr (Increased by 134%)
- PAT of Rs. 9.38 cr V/s. Rs. 0.55 cr (Increased by 1605%)
- EPS of Rs 3.22 V/s. EPS of Rs. 0.61
IND-AS adoption led to a notional increase in depreciation and finance cost of Rs. 2.92 CR leading to a reduction in PAT by Rs. 0.40 CR and has also impacted the debt-equity ratio at standalone level (SA) for Q2 (July to September 22) of FY 22-23.
Commenting on the results, Chander K. Baljee, Chairman and Managing Director said, “I am pleased to report that our second quarter results exceeded our expectations for system-wide comparable RevPAR, diluted EPS, adjusted for special items, and Adjusted EBITDA. Due to our strong results in the 1st & 2nd quarters and our confidence that the economy will continue to grow & recover, we are raising our full-year guidance, including our capital return forecast. We are well-positioned for the opportunities that lie ahead thanks to our asset-light business model, a strong portfolio of brands, and dynamic platforms in the industry.”
It is encouraging to note that development activity has accelerated in 2022, setting a second-quarter record. During the second quarter, we signed hotels pan India locations like Varanasi, Dharamshala, Amritsar, Jhansi, and Greater Noida. The expansion and conversions continue to drive growth in the following quarters.”
