Mumbai, February 7th, 2017: Royal Orchid Hotels Limited, a fast emerging hotel chain operating 5 and 4 star hotels for business and leisure travellers today reported its third quarter financial results for the period ended 31st December 2016.
Key Financial Highlights for Q3 FY17 vs Q3 FY16
· Revenue of ` 22.13 cr in Q3 FY17 v/s. ` 23.98 cr in Q3 FY16
· EBIDTA before exceptional items of ` 6.92 cr v/s. ` 4.44 cr
· Net Profit of ` 4.23 cr in Q3 FY17 v/s. ` 2.01 cr in Q3 FY16
· EBIDTA Margin of 31% for Q3 FY17 v/s. 18.5 % Q3 FY16
· 2 properties and 139 new rooms added during third Quarter
Quarter on Quarter Highlights
· Revenue of ` 22.13 cr in Q3 FY17 v/s. ` 19.19 cr in Q2 FY17
· EBIDTA before exceptional items of ` 6.92 cr v/s. ` 5.20 cr
· PAT of ` 4.23 cr v/s. ` 2.74 cr [á 54%]
· EBIDTA Margin of 31% for Q3 FY17 v/s. 27% Q2 FY17
· EPS of ` 1.55 v/s. EPS of ` 1.01
Financial Highlights for Apr-Dec FY17 vs Apr-Dec FY16
· Revenue of ` 60.75 cr in Apr-Dec 16 vs` 63.65 cr in Apr-Dec 15
· EBIDTA before exceptional items of ` 14.19 cr v/s. ` 10.18 cr
· PAT of ` 6.47 cr v/s. ` 4.44 cr
· EBIDTA Margin of 23% for Apr-Dec 16 v/s. 16% in Apr-Dec 2015
· EPS of ` 2.37 v/s. EPS of ` 1.63
Management Comment
Commenting on the results Mr Chander Baljee, Chairman & Managing Director said: “During the quarter we added 139 rooms and in the first nine months 519 rooms. The financial performance in third quarter was partially impacted due to social unrest in Karnataka due to Cauvery water issue. We are optimistic and expect last quarter to be better on account of Hotel Royal Orchid – Bangalore (our flagship property) which had undergone renovation in rooms & Food and Beverages outlets have started yielding revenues from the month of December”
Awards & Recognition:
1. Royal Orchid Hotels was awarded as one of the Bengaluru’s Hot 50 Best Brands at The Brand Summit and Awards for the years 2015 and 2014 which has been organized by Paul writer.
2. Trip Advisor Winner 2015 – Hotel Royal Orchid is awarded with TripAdvisor“Certificate of Excellence”.
3. Rocheston Accreditation Institute New York, has conferred the prestigious honour of the “Distinguished Bar” upon Geoffreys at Hotel Royal Orchid, Bangalore 2016.
4. Royal Orchid Metropole, Mysore has been Awarded “The Best in Heritage Hotel” Category Tourism Awards 2016 the by Federation of Karnataka Chambers of Commerce & Industry (FKCCI), Bengaluru Karnataka.
5. Regenta Resort Varca-Goa won the “Best Debut Beach Resort” for India Hospitality Award (West & South) 2016.
6. Royal Orchid Beach Resort, Goa was awarded for “Best 5 star Fun & Fly Resort and the Best Food & Beverage Manager in 5 Star category (South) – Mr. Sujit Kushwaha” by the Goan Hospitality award of Excellence 2016.
About Royal Orchid Hotels:
Royal Orchid Hotels Limited (ROHL) (BSE scrip code: 532699, NSE Code: ROHLTD) is a fast emerging hotel chain operating 5 and 4 star hotels for business and leisure travelers. It currently operates 35 hotels in 24 cities across India and East Africa under brands – Hotels Royal Orchid, Royal Orchid Central, Royal Orchid Resorts, Royal Orchid Suites, Regenta, Regenta Central, Regenta Inn and Regenta Resorts. Regenta is the newest brand of the group which is business-centric brand under the house of the Royal Orchid Hotels group. It is designed for the corporate traveler whose watchword is value and convenience. Currently they are 15 hotels under this brand. ROHL follows an “Asset Light Strategy” through Management Contracts.
With sales offices at 11 locations across India like Bengaluru, Delhi, Mumbai, Chennai, Jaipur, Goa, Pune, Mysuru, Ahmedabad, Kolkata and Hyderabad, Royal Orchid is pertaining deep into the market for a better market share and following an aggressive feet-on-the-street approach to meet all potential clients in the corporate sector and travel agents parallely.