Royal Orchid releases robust results for Q1 FY25

Bengaluru, 16 August 2024: Royal Orchid Hotels Ltd. (ROHL) (BSE: 532699, NSE: ROHLTD), India’s fast-growing hospitality group with over 100 hotels nationwide, announced its standalone and consolidated results for Q1 FY24-25 following the approval of its Board of Directors today.

IND-AS 116 adoption led to a notional increase in depreciation and finance cost of Rs. 5.88 CR leading to a reduction in PAT of Rs.1.24 CR at standalone level (SA) for QE Jun 2024
Mr. Chander K. Baljee, Chairman & Managing Director said, “We are pleased to report balanced portfolio growth across regions, with an increase in revenue over the same period last year and the addition of 6 new properties during this quarter. Reinforcing our commitment to strategic growth, we fortified our presence in the NCR region the commercial hub of Mumbai, and opened the largest All-Suite 5-star hotel in Surat, Gujarat. We remain on course with our strong expansion plans to add 3 new categories of brands and 1800+ keys in the next 9 months, positioning us well for sustained growth in coming quarters”

ROHL group operates over 80+ Regenta hotels across different categories of hotels, with Regenta becoming the vehicle of growth across the country. Regenta Rewards will form the umbrella loyalty platform bringing together the 100+ hotels across the group today, and the new hotels planned for the year.