The EPS for the quarter stood at INR 2.26, up from INR 1.62 in Q1. On a year-on-year basis, when compared to Q2 FY 23-24, total income increased from INR 45.50 Cr to INR 51.94 Cr, while EBIDTA grew from INR 14.02 Cr to INR 16.02 Cr.
Royal Orchid Hotels Limited has announced its consolidated financials for the second quarter and H1 FY24-25.
In Q2 FY 24-25, the company reported a total income of INR 51.94 Cr, an increase from INR 49.09 Cr in Q1 FY 24-25. EBIDTA improved to INR 16.02 Cr, up from INR 13.62 Cr, while PAT rose to INR 6.20 Cr, compared to INR 4.43 Cr in Q1 FY 24-25.
The EPS for the quarter stood at INR 2.26, up from INR 1.62 in Q1. On a year-on-year basis, when compared to Q2 FY 23-24, total income increased from INR 45.50 Cr to INR 51.94 Cr, while EBIDTA grew from INR 14.02 Cr to INR 16.02 Cr. PAT also saw a rise from INR 4.93 Cr to INR 6.20 Cr, with the EPS improving from INR 1.80 to INR 2.26.
For the first half (H1) of FY 24-25, the company achieved a total income of INR 101.03 Cr, up from INR 91.07 Cr in H1 FY 23-24. EBIDTA increased to INR 29.64 Cr, compared to INR 27.69 Cr last year, and PAT rose from INR 9.60 Cr to INR 10.63 Cr, with EPS improving from INR 3.50 to INR 3.88. On a consolidated basis, the company recorded a total income of INR 78.32 Cr in Q2 FY 24-25, slightly up from INR 77.66 Cr in Q1 FY 24-25.
However, EBIDTA decreased to INR 19.36 Cr from INR 21.29 Cr, and PAT stood at INR 7.52 Cr, down from INR 8.72 Cr. The EPS for the quarter was INR 2.73, compared to INR 3.21 in Q1. Year-on-year, in Q2 FY 24-25 versus Q2 FY 23-24, total income grew from INR 70.07 Cr to INR 78.32 Cr, while EBIDTA increased from INR 18.94 Cr to INR 19.36 Cr. PAT, however, slightly declined from INR 7.67 Cr to INR 7.52 Cr, with EPS rising from INR 2.49 to INR 2.73.
For H1 FY 24-25, consolidated total income was INR 155.98 Cr, compared to INR 143.79 Cr in H1 FY 23-24, while EBIDTA declined to INR 40.65 Cr from INR 41.86 Cr. PAT decreased from INR 18.40 Cr to INR 16.24 Cr, and EPS dropped from INR 6.02 to INR 5.94.
IND-AS 116 adoption led to notional increase in depreciation and finance cost of INR. 11.72 CR leading to reduction in PAT of INR 2.41 Cr. at standalone level (SA) for Half Year ended 30th September 2024.
Commenting on the results, Chander K. Baljee, Chairman & Managing Director said, “We are pleased to report continued momentum in financial performance, led by robust growth across our diversified portfolio. Market sentiment and client preference for our brand remain positive. This financial Year going to marks a significant milestone with the launch of our new upcoming upscale brand, poised to capitalize on the inherent demand in this segment. With potential average annual occupancies exceeding 75%, our distinctive offerings and new hotel concept are well-positioned to tap into this growth environment.”
“At the heart of our strategy is creating lasting value for our stakeholders. We’ve reimagined our Loyalty program, ‘Regenta Rewards’ to better connect with our customers. The program’s outstanding performance is a testament to our customer-first mindset and the strong trust our patrons have placed in us. We are ever thankful for the board’s guidance, our clients’ loyalty, and our team’s unwavering passion.” he added.
