Hotels company Oriental Hotels announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue: Rs 133.36 crore compared to Rs 110.73 crore during Q4FY24. EBITDA: Rs 39.94 crore compared to Rs 30.14 crore during Q4FY24. PAT: Rs 17.69 crore compared to Rs 16.33 crore during Q4FY24. FY25 Financial Highlights: Revenue: Rs 444.63 crore compared to Rs 409.01 crore during FY24. EBITDA: Rs 115.58 crore compared to Rs 114.27 crore during FY24. PAT: Rs 44.52 crore compared to Rs 55.34 crore during FY24. Result PDF
Hotels company Oriental Hotels announced Q3FY25 results Financial Highlights: Revenue: Rs 122.05 crore compared to Rs 106.07 crore during Q3FY25. EBITDA: Rs 34.88 crore compared to Rs 32.65 crore during Q3FY25. PAT: Rs 13.99 crore compared to Rs 16.43 crore during Q3FY25. Other Highlights: Taj in 2024, has been recognized as India's Strongest Brand across sectors for the fourth time and the World's Strongest Hotel Brand for the third time, by Brand Finance. OHL has 3 Taj branded hotels in its portfolio. In Q2, Madurai and Coonoor hotels migrated under the re-imagined Gateway brand. This year, the iconic Taj Coromandel, Chennai celebrates its 50th year milestone. Pramod Ranjan, Managing Director & CEO, Oriental Hotels, said: “In Q3FY25, OHL has reported an operating revenue of Rs 121 crore, a growth of 20% over the previous year. Led by an 11% increase in average room rate resulting in an operating EBITDA of Rs 34 crore, a growth of 22%. For the ninemonth period revenue stood at Rs 311 crore with a healthy profit after tax of Rs 27 crore.” Result PDF
Hotels Restaurants & Tourism company Oriental Hotels announced Q2FY25 results: Financial Highlights: Revenue: Rs 104.44 crore, compared with Rs 95.42 crore in Q2FY24, change: 9.06% EBITDA: Rs 26.08 crore, compared with Rs 24.66 crore in Q2FY24, change: 5.76% Profit After Tax: Rs 9.20 crore, compared with Rs 10.38 crore in Q2FY24, change: -11.38% Other Highlights: Taj in 2024, has been recognized as India's Strongest Brand across sectors for the fourth time and the World's Strongest Hotel Brand for the third time, by Brand Finance. OHL has 3 Taj branded hotels in its portfolio. In Q2, Madurai and Coonoor hotels migrated under the re-imagined Gateway brand. This year, the iconic Taj Coromandel, Chennai celebrates its 50th year milestone. Pramod Ranjan, Managing Director & CEO, Oriental Hotels Ltd. said: “In Q2FY25, OHL has reported a revenue growth of 9.5% and a healthy EBITDA margin of 25%. With the completion of all major renovations and given the demand buoyancy in the upcoming quarters, the second half of the fiscal is well poised for a double-digit revenue growth.” He also added, “In line with OHL’s strategy of being a leader in all its markets, we will be completing a comprehensive upgradation for the remaining hotels including in Coimbatore. We will also be evaluating development of our existing land in Sriperumbudur, an emerging micro market of Chennai.” Result PDF
Oriental Hotels announced Q1FY25 results: Financial Highlights: Revenue came in at Rs 84.78 crore in Q1FY25 as compared to Rs 96.79 crore in Q1FY24 EBITDA came in at Rs 14.69 crore in Q1FY25 as compared to Rs 26.83 crore in Q1FY24 Profit After Tax came in at Rs 3.64 crore in Q1FY25 as compared to Rs 12.20 crore in Q1FY24 Other Highlights: Taj in 2024, has been recognized as India's Strongest Brand across sectors for the fourth time and the World's Strongest Hotel Brand for the third time, by Brand Finance. OHL has 3 Taj branded hotels in its portfolio. In the quarter, Taj Coromandel, Chennai celebrated its 50th year milestone. Pramod Ranjan, Managing Director & CEO, Oriental Hotels said, “This quarter marked the completion of product upgrades (Ballroom) at Taj Coromandel, Chennai and comprehensive renovation of the iconic Taj Malabar Resort & Spa, Cochin, with its partial reopening in May 2024. He added, “While the renovations have impacted Q1 results due to the reduced availability of room inventory and facilities, these investments are in line with the strategic intent to maintain long-term leadership in our key markets. With the completion of a significant upgrades across the portfolio, the upcoming quarters will witness strong demand driving full year performance ahead of the previous year.” Result PDF
Oriental Hotels announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue: Decreased to Rs 110.72 crore from Rs 115.56 crore EBITDA: Decreased to Rs 30.14 crore from Rs 36.16 crore Profit After Tax: Decreased to Rs 16.32 crore from Rs 17.79 crore FY24 Financial Highlights: Revenue: Slight increase to Rs 409.01 crore from Rs 407.96 crore EBITDA: Decreased to Rs 114.17 crore from Rs 126.06 crore Profit After Tax: Decreased to Rs 55.34 crore from Rs 58.47 crore Business Highlights: Reported the highest ever annual revenue of Rs 409 crores in FY 2023-24. Noted a 12% growth in same-store revenue, despite the ongoing asset upgradation of Taj Malabar Resort & Spa. Taj Malabar Resort & Spa is expected to re-open its first phase in May 2024. Oriental Hotels Limited maintains market leadership in its key markets. 74% of energy consumption in OHL hotels comes from renewable sources, aligning with IHCL's ESG+ framework of Paathya. Pramod Ranjan, Managing Director & CEO, Oriental Hotels, said, “In FY24, the company reported its highest ever revenue of Rs 409 crore. This performance was enabled by a 12% growth in same store revenue offsetting the displacement due to asset upgradation of Taj Malabar Resort & Spa, Cochin which is slated to re-open with its first phase in May 2024.” Result PDF
Oriental Hotels announced Q3FY24 & 9MFY24 results: Standalone Financial Highlights: Quarterly Revenue: Rs 106.07 crore for Q3FY24, a decrease from the previous year's quarter revenue of Rs 110.77 crore. Revenue for Nine Months: Recorded Rs 298.28 crore for 9MFY24, mildly down from Rs 292.40 crore for the same period in the prior fiscal year. Quarterly EBITDA: EBITDA for the quarter stood at Rs 32.65 crore, a decrease from Rs 37.37 crore in Q3FY23. EBITDA for Nine Months: EBITDA amounted to Rs 84.13 crore, down from Rs 89.90 crore for 9MFY23. Quarterly Profit After Tax (PAT): The company reported a PAT of Rs 16.43 crore in Q3FY24, compared to Rs 18.67 crore in the corresponding quarter of the previous year. PAT for Nine Months: PAT was at Rs 39.01 crore, slightly lower than the Rs 40.68 crore earned during 9MFY23. Operational Developments and Strategies: Renovations: Hotels in Coonoor and Cochin underwent comprehensive renovations. Reopening: The Taj Malabar Resort & Spa, Cochin is expected to re-open in Q4 FY23/24. Brand Enhancement: The Gateway Coonoor post renovation has become part of the IHCL SeleQtions portfolio. F&B; Innovations: Vivanta Mangalore introduced new dining experiences, and Gateway Madurai relaunched its all-day diner. Pramod Ranjan, Managing Director & CEO, Oriental Hotels, said, “In line with our strategy of maintaining leadership in the markets we operate in, this fiscal our hotels in Coonoor and Cochin were under comprehensive renovation. The iconic Taj Malabar Resort & Spa, Cochin is slated to re-open in Q4FY24. On a same-store basis, OHL hotels reported a 10% growth in revenue in Q3 over the same time last year.” Result PDF