Royal Orchid Hotels Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 03:29 am EST
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Royal Orchid Hotels Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 819.14 million compared to INR 724.9 million a year ago. Revenue was INR 866.14 million compared to INR 765.34 million a year ago. Net income was INR 153.54 million compared to INR 144.62 million a year ago. Basic earnings per share from continuing operations was INR 5.6 compared to INR 5.27 a year ago. Diluted earnings per share from continuing operations was INR 5.6 compared to INR 5.27 a year ago.
For the nine months, sales was INR 2,174.06 million compared to INR 1,910.03 million a year ago. Revenue was INR 2,304.04 million compared to INR 2,031.5 million a year ago. Net income was INR 318.65 million compared to INR 343.41 million a year ago. Basic earnings per share from continuing operations was INR 11.62 compared to INR 12.52 a year ago. Diluted earnings per share from continuing operations was INR 11.62 compared to INR 12.52 a year ago.
Royal Orchid Hotels Limited is an India-based company, which is engaged in the business of operating and managing hotels/ resorts and providing related services, through its portfolio of hotel properties across the country. Its hotels include Regenta Central Antarim, Regenta Inn Ranip, Regenta Central, Hotel Royal Orchid, Royal Orchid Central, Royal Orchid Resort & Convention Centre, Regenta Resort Vanya Mahal, Regenta Central Deccan, Regenta Resort Mashobra, Regenta Central Hestia, Regenta Orkos and others. The Company operates hotels in Ahmedabad, Amritsar, Bangalore, Bharuch, Bhuj, Chandigarh, Chennai, Goa, Gurgaon, Hampi, Haridwar, Jaipur, Kolkata, Udaipur and others. The Companyâs products include rooms and food and beverage services. The Company has approximately 95 plus hotels, 5700 plus guest rooms, and 160 plus restaurants and bars. It also provides business hotels, wildlife tourism, leisure hotels, wedding destinations, religious destinations, and historic destinations.