Royal Orchid Hotels Ltd reports strong Q1 FY25 Results

Royal Orchid Hotels Ltd (ROHL), has announced strong financial results for the first quarter of FY 2024-25. The company reported a consolidated income of Rs 77.66 crore and a standalone income of Rs 49.09 crore, demonstrating growth despite challenging market conditions.
The group’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) stood at Rs 21.29 crore on a consolidated basis, reflecting the company’s solid performance. However, the adoption of IND-AS 116 accounting standards resulted in a notional increase in depreciation and finance costs, impacting the profit after tax (PAT), which was recorded at Rs 8.72 crore.

Chander K. Baljee, Chairman and Managing Director of Royal Orchid Hotels, expressed satisfaction with the results, stating, “We are pleased to report balanced portfolio growth across regions, with a revenue increase over the same period last year and the addition of six new properties during this quarter. Our strategic expansion in key markets, including the National Capital Region (NCR) and Mumbai, along with the opening of the largest All-Suite five-star hotel in Surat, positions us well for sustained growth in the upcoming quarters.”

Looking forward, the company has ambitious plans to expand its portfolio by adding over 1,800 keys within the next nine months. This growth will be supported by the introduction of three new brand categories under the Regenta umbrella, further enhancing the group’s presence across India.