Oriental Hotels announced Q2FY23 results: Reported revenue of Rs 91.06 crores in Q2FY23 – 72% increase over the same quarter in FY22 With positive EBITDA of Rs 25.70 crores in Q2FY23, reported a 385% increase in EBITDA as compared to Q2 in the last fiscal Achieved EBITDA Margin of 28%, which is a 12 percentage point expansion as compared to FY20 ARR has seen a significant growth of 36% as compared to pre-COVID levels OHL has received the approval for the renewal of the long term lease for Taj Malabar Resort and Spa, Kochi for a period of 30 years beginning September 22, 2022, from the Cochin Port Trust OHL hotels have continued to be RevPar leaders in all the key markets that they are present in Mr. Pramod Ranjan, Managing Director & CEO, Oriental Hotels Ltd. said, “Business continues to be buoyant driven by the resurgence in travel, leading to hotels having outperformed in both, leisure and business segments. Overall occupancy and ARR have exceeded pre-COVID levels. This strong performance over two consecutive quarters has resulted in the company’s highest ever H1 EBITDA at INR 53 crores and EBITDA margin of 29%, in a decade.” Result PDF
Oriental Hotels Announced Q1FY23 Result : Reported a revenue of Rs 90.57 crores – an increase of 256% over Q1 FY 2021-22 Reported positive EBITDA of Rs 26.83 crores in Q1 FY 2022-23 as compared to a loss in the same quarter in the last fiscal Clocks an EBITDA Margin of 30%, which is a 20 percentage point expansion as compared to FY 2019-20 Announces company’s highest ever profitable Q1 with PAT of Rs 11.09 crores in Q1 FY 2022-23 Occupancy has seen a 15 percentage point expansion and ARR has shown a significant growth of 30% as compared to pre-COVID levels OHL hotels have continued to be RevPar leaders in all key markets that they are present in Mr. Pramod Ranjan, Managing Director & CEO, Oriental Hotels Ltd. said, “The increase in revenue is buoyed by the resurgence in travel, and the hotels have outperformed in both, leisure and business destinations. This combined with robust cost optimization and monitoring measures have resulted in a strong margin expansion to 30% in Q1 FY 2022-23 from 10% in Q1 FY 2019-20.” The iconic brand, Taj, has been recognized as World’s Strongest Hotel Brand and India’s Strongest Brand across all sectors by Brand Finance 2022. The OHL portfolio features three leading Taj hotels. Result PDF
Oriental Hotels Limited posts a 26% increase in revenue, 90% increase in EBITA, and PAT of Rs 1.28 Crores for the fourth quarter. Oriental Hotels declares Q4FY22 result: Posts 26% increase in revenue & 90% increase in EBITDA over the previous year. Reports a PAT of Rs 1.28 Crores. In line with IHCL’s commitment to phasing out single use plastic, in-house bottling plants have been commissioned in two hotels in Chennai, Taj Coromandel, and Taj Fisherman’s Cove Resort & Spa Mr. Pramod Ranjan, Managing Director & CEO, Oriental Hotels Ltd. said, “The Company witnessed significant recovery in February and March 2022 with easing of lockdown restrictions post the Omicron wave in January 2022. OHL reported a 26% increase in revenue and 685 BPS increase in EBITDA margin this quarter over the previous year. Oriental Hotels Ltd has witnessed a second consecutive quarter of profitability. The outlook for business looks positive and April 2022 is trending higher than April 2019. Having said the above, the impact of the 4th wave and emerging variants remains uncertain." Result PDF