Royal Orchid Hotels reports PAT of Rs 50.82 cr for FY24

Royal Orchid Hotels Limited has reported a total income of Rs 312.70 crore for financial year 2024, up from a total income of Rs 279.69 crore reported for financial year 2023. The chain posted a profit of Rs 50.82 crore for financial year 2024, up from Rs 49.22 crore in the previous fiscal year.

On a quarterly basis, Royal Orchid Hotels posted a total income of Rs 82.30 crore in the fourth quarter of fiscal year 2024, up from Rs 76.54 crore in corresponding quarter of the previous fiscal. The hotel chain posted a profit of Rs 16.69 crore in quarter four of financial year 2024, up from Rs 13.12 crore in quarter four of financial year 2023.

The chain has a portfolio of over 107 hotels across more than 70 locations.

"We are at an inflection point in our life as a public company with the key drivers of growth being implemented to demonstrate our vision for the future of Indian hospitality. By redefining brands, strengthening our management team, and bringing in new technologies and processes, FY2025 promises to be a transformative year, setting the company up for the future," said chairman and MD Chander K. Baljee.

Amit Jaiswal, Chief Financial Officer said the financial performance remains 'robust' with a 12% increase in consolidated annual revenue for the last fiscal compared to the same period last year.

"Additionally, we have reported a 27% jump in profit after tax for quarter four of fiscal year 2024 compared to the same period last year. Our EPS remains strong and our debt has been significantly reduced, reflecting our commitment to maintaining a healthy balance sheet." he added.