ROHL Q4 FY 23-24: Consolidated Income at rupees82.30 Cr, 12% Annual Revenue Increase

Bangalore, May 31, 2024: Royal Orchid Hotels Limited, India’s fastest-growing hospitality chain with a diverse portfolio of over 107+ hotels across more than 70+ locations, announced its consolidated results today for Q4 FY23-24, as approved by its Board of Directors.

 Key financial highlights:

 Highlights of Q4 FY 23-24 V/s Q4 FY 22-23 (Consolidated)
• Total Income Rs. 82.30 CR in V/s. Rs 76.54 CR – 7.5%
• EBIDTA of Rs. 23.87 CR V/s. Rs. 25.81 CR – (7.5%)
• PAT of Rs. 16.69 CR V/s. Rs. 13.12 CR – 27%
• EPS of Rs 6.06 V/s. EPS of Rs. 4.62

 Highlights of YE FY 23-24 V/s YE FY 22-23 (Consolidated)
• Total Income Rs. 312.70 CR in V/s. Rs 279.69 CR – 12%
• EBIDTA of Rs. 95.16 CR V/s. Rs. 98.03 CR – (3%)
• PAT of Rs. 50.82 CR V/s. Rs. 49.22 CR – 3%
• EPS of Rs 17.68 V/s. EPS of Rs. 17.15

 IND-AS adoption led to notional increase in depreciation and finance cost of Rs. 21.61 CR leading to reduction in PAT of Rs. 4.69 CR at standalone level (SA) for FY 23-24 Commenting on the results, Mr. Chander K. Baljee, Chairman & Managing Director said, ” We are 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 poises to be a transformative year, setting the company up for the future.”

 “Our financial performance remains robust with a 12% increase in our consolidated annual revenue for the last fiscal compared to the same period last year. Additionally, we have reported a 27% jump in PAT for Q4FY24 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.” commented Mr. Amit Jaiswal, Chief Financial Officer.