Royal Orchid Hotels Q1 Results Total Revenue ₹73.01 Crores & Net Income ₹8.8 Crores

Royal Orchid Hotels Growth Overview

Royal Orchid Hotels Q1 Results: The Royal Orchid Hotels table shows the financial performance for the first quarter (Q1) of 2024, compared to the fourth quarter (Q4) of 2023 and the same quarter last year (Q1 2023). In Q1 2024, the total revenue was ₹73.01 crores, which is a decrease of 4.19% compared to Q4's ₹76.2 crores. However, when looking year-over-year (YoY), the revenue increased by 5.98% from ₹68.89 crores in Q1 2023.

Royal Orchid Hotels’ selling, general, and administrative expenses rose to ₹23.8 crores in Q1 2024, up by 3.57% QoQ from ₹22.98 crores in Q4 and an 18.31% increase YoY from ₹20.12 crores. Depreciation and amortization costs also went up slightly, showing a 1.6% increase QoQ.

Royal Orchid Hotels’ Operating income fell to ₹11.33 crores, down 9.74% QoQ from ₹12.55 crores in Q4, and decreased by 15.06% YoY from ₹13.34 crores. Net income showed a significant decline, falling to ₹8.8 crores, which is a 47.04% drop QoQ and a 9.18% decrease YoY. The diluted normalized earnings per share (EPS) also fell to ₹3.21, down 47.03% QoQ and 9.07% YoY. Overall, the data highlights both challenges and some growth for Royal Orchid Hotels.

Here's the financial information for Royal Orchid Hotels presented in a single table format:

(Rs. in Crores except the shares)

Source: Here 

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Royal Orchid Hotels Q1 Results

Royal Orchid Hotels financial table shows the company's performance over different periods, including income, expenses, and profit. In the three months ending June 30, 2024, the hotel earned ₹4,908.97 lakhs in total income, which includes ₹4,658.82 lakhs from operations and ₹250.15 lakhs from other sources. This is a slight decrease compared to ₹5,247.56 lakhs in the previous quarter.

Royal Orchid Hotels’ total expenses for the same period were ₹4,329.51 lakhs. Major expenses included ₹1,068.25 lakhs for employee salaries, ₹485.30 lakhs for food and beverages, and ₹1,224.54 lakhs for other costs. After subtracting these expenses from the total income, the company made a profit before tax of ₹579.46 lakhs.

Royal Orchid Hotels After paying taxes of ₹136.36 lakhs, the final profit for the quarter was ₹443.10 lakhs. Additionally, the company reported no significant other comprehensive income or loss. Each share of the company earned ₹1.62, showing a decrease compared to the previous quarter's earnings per share of ₹2.09. Overall, while Royal Orchid Hotels faced some challenges, it still generated profit during this period.

Here's the financial summary based on the data provided, formatted in a simple table:

Royal Orchid Hotels Stock Performance

Royal Orchid Hotels has a market capitalization of ₹ 998 crore, meaning it is valued at this amount in the stock market. The current stock price is ₹ 364, with a high of ₹ 449 and a low of ₹ 280 over a certain period. The stock has a Price-to-Earnings (P/E) ratio of 21.0, indicating investors are willing to pay ₹ 21 for every ₹ 1 of profit. The book value per share is ₹ 69.6, and it offers a dividend yield of 0.69%, meaning shareholders receive a small return on their investment. 

Here's the financial information you provided in a simple table format:

Quarterly Results 

The table for Royal Orchid Hotels shows financial performance for December 2023, March 2024, and June 2024. In December 2023, the hotel earned ₹81.91 crores in sales, with expenses of ₹57.18 crores, leading to an operating profit of ₹24.73 crores. By March 2024, sales dropped to ₹76.20 crores, while expenses slightly increased to ₹58.42 crores, resulting in a lower operating profit of ₹17.78 crores. In June 2024, sales fell further to ₹73.01 crores, and expenses were ₹56.36 crores, giving an operating profit of ₹16.65 crores. 

Here’s the table for Dec 2023, Mar 2024, and Jun 2024:

About Royal Orchid Hotels

Royal Orchid Hotels is a well-known hospitality brand in India, founded in 2001 by Mr. Chander K Baljee. The company has grown rapidly and now has over 100 hotels and resorts in India and neighboring countries like Sri Lanka and Nepal. They offer a wide range of accommodations, including luxurious hotels, relaxing resorts, and long-stay suites, catering to both business and leisure travelers.

Each property is designed to provide comfort and great Indian hospitality. Whether you are visiting busy cities, peaceful vacation spots, or important cultural sites, Royal Orchid Hotels aims to create a welcoming atmosphere for every guest. The company is based in Bengaluru, often called the Silicon Valley of India, and is committed to delivering excellent service and memorable experiences. With a focus on quality and innovation, Royal Orchid Hotels continues to be a trusted name in the hospitality industry.