Royal Orchid Hotels Ltd Net profit up 313% at Rs 1.15 crore in Q1FY18

Mumbai, August 10, 2017: Royal Orchid Hotels Limited, a fast emerging hotel chain operating 5 and 4 star hotels for business and leisure travellers, today reported its first quarter financial results for the quarter ended 30^th June 2017.

Highlights of Q1 FY18 v/s Q1 FY17

·         Revenue of Rs 23.65 cr in v/s.  Rs 20.47 cr

·         EBIDTA of Rs 4.17 cr v/s. Rs 2.06 cr

·         PAT of Rs 1.15 cr v/s.  Rs (0.54) cr

·         EPS of Rs 0.42 v/s. EPS of Rs (0.20)

Key Business initiatives

·         The Company has signed two properties under management during the quarter, which will be operational shortly.

EBIDTA Margin of 18 % Q1 FY18 v/s. 10 %  Q1 FY17

Management Comment

Commenting on the results Mr. Chender Baljee, Chairman & Managing Director said: “On the business front, we are totally focused on our asset light model strategy with addition of 2 new properties in first quarter of this fiscal year. We seek to maintain an efficient balance sheet with an investment grade credit rating. We will continue with the strategy to increase our presence across country and strengthen our portfolio.

In next quarter we will witness the post GST implementation phase with the industry settling down and assessing the overall impact.”

About Royal Orchid & Regenta Hotels:

Royal Orchid Hotels is one of India’s fastest growing hotel chains. It primarily operates 5 and 4 star hotels, enabling it to target the discerning business and leisure traveller. It currently operates 42 hotels across India. Promoted by Chender K Baljee, Royal Orchid Hotels has become one of India’s most well-known names in hospitality. Royal Orchid is listed in the Bombay & National Stock Exchanges (BSE & NSE) and is governed by an independent board of eminent directors.

The group has bagged many awards which include the: National Tourism Award 2008-09 organized by the Ministry of Tourism, Top 50 Brands for 2014 and 2015 by Paul Writer and most recently in 2016 , here are some of the following;

1.       Ramada Bangalore won the award for the “Best Budget Hotel” for India Travel Awards 2017.

2.       Regenta Resort Varca- Goa won the “Best Debut Beach Resort” for India Hospitality Award (West & South) 2016.

3.       Royal Orchid Metropole, Mysore has been Awarded “The Best in Heritage Hotel” Category Tourism Awards 2016 by Federation of Karnataka Chambers of Commerce & Industry (FKCCI), Bengaluru Karnataka.

4.       Royal Orchid Beach Resort, Goa was awarded for “Best 5 star Fun & Fly Resort and the “Best Food & Bev. Manager in 5 star category (South) - Mr. Sujit Kushwaha” by the Goan Hospitality award of Excellence 2016.

Our vision is to be the Preferred Hotel Chain for the discerning Global Traveller.

The brand ‘Regenta Hotels’ is an upscale arm of the Royal Orchid Hotel group. It is designed for the corporate traveller whose watchword is value and convenience. It is categorized into Regenta, Regenta Central, Regenta Resorts and Regenta Inn.

Forward looking statement

We have disclosed forward-looking information so that investors can comprehend the Company’s prospects and make informed investment decisions. This release and other written and oral statements that we make periodically contain such forward-looking statements that set out anticipated results based on the Management’s plans and assumptions. We have tried, wherever possible, to qualify such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’ and words and terms of similar substance in connection with any discussion of future operating or financial performance.

We do not guarantee that any forward-looking statement will be realised, although we believe we have been diligent and prudent in our plan and assumptions. The achievement of future results is subject to risk, uncertainties and validity of inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, our actual results could vary materially from those anticipated, estimated or projected. Investors should bear this in mind as they consider forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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