Royal Orchid Hotels Ltd announces financial results for Q4 and FY23

Standalone income at 48.67 cr in Q4 and consolidated income at 76.54 cr in Q4

Royal Orchid Hotels Limited, a rapidly expanding hotel chain catering to both business and leisure travellers with its portfolio of 5-star, 4-star and resort properties, has announced its financial results for the quarter and period ending on March 31, 2023

Highlights of Q4 FY 22-23 V/s Q4 FY 21-22 (Standalone)

  1. Total Income of Rs 48.67 cr V/s Rs 26.57 cr – 83%
  2. EBIDTA of Rs 16.66 cr V/s Rs 8.51 cr – 95%
  3. PAT of Rs 7.18 cr V/s Rs 2.78 cr – 158%
  4. EPS of Rs 2.62 V/s EPS of Rs 1.01 – 159%

Highlights of YE Mar-23 V/s YE Mar-22 (Standalone)

  1. Total Income of Rs 176.62 cr V/s Rs 88.25 cr – 100%
  2. EBIDTA of Rs 61.85 cr V/s Rs 23.54 cr – 162%
  3. PAT of Rs 28.18 cr V/s Rs (0.73) cr – 3960%
  4. EPS of Rs 10.27 V/s EPS of Rs (0.26) – 4050%

Highlights of Q4 FY 22-23 V/s Q4 FY 21-22 (Consolidated)

  1. Total Income Rs 76.54 cr in V/s Rs 46.95 cr – 63%
  2. EBIDTA of Rs 25.80 cr V/s Rs 14.24 cr – 81%
  3. PAT of Rs 13.12 cr V/s  Rs 31.67 cr – (58%)
  4. EPS of Rs 4.62 V/s EPS of Rs 11.59 – (60%)

Highlights of YE Mar-23 V/s YE Mar-22 (Consolidated)

  1. Total Income Rs 279.69 cr in V/s Rs 155.93 cr – 79%
  2. EBIDTA of Rs 98.03 cr V/s Rs 40.35 cr – 142%
  3. PAT of Rs 49.22 cr V/s Rs 26.78 cr – 83%
  4. EPS of Rs 17.15 V/s EPS of Rs 10.71 – 60% 

IND-AS 116 adoptions led to a notional increase in depreciation and finance cost of Rs 13.44 crore leading to a reduction in PAT of Rs 2.77 crore and has also impacted the debt-equity ratio at the standalone level (SA) for FY 2022-23.

In reference to the results, Chander K Baljee, Chairman & Managing Director, said, "This year has been significant for us in multiple aspects – commemorating our 50 years in theIndustry, expanding internationally, and sustaining business success. Weare dedicated to providing a value-driven luxury experience to every Indian through our portfolio of over 90 hotels and 5,442 keys to date. The resurgence of travel affirms our belief in the ever-evolving Indian traveler, whether for leisure or business purposes. Our strategic plan involves expanding theRegenta brand into Tier 2 and 3 cities, exploring smaller cities with promising potential."



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