Tuesday, 29 May 2018

Royal Orchid Hotels’ standalone adjusted net profit for Q4FY18 came in at 1.44cr vs. 0.15cr in Q4FY17

Royal Orchid Hotels reported its quarterly numbers on May 28, 2018. The standalone revenue for the quarter came in at Rs26.27cr, up by 7.8% yoy. This is on account of rise in occupancy levels, rise in ARR and new management contracts entered during the quarter. The EBITDA increased by 7% yoy, in-line with the revenue, to Rs4.36cr in Q4FY18. The EBITDA margin declined marginally by ~12bps to 16.6% in Q4FY18. The adjusted net profit after tax for Q4FY18 came in at Rs1.44cr as against Rs0.15cr in Q4FY17. 

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