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Oriental Hotels Reports
Oriental Hotels Ltd has reported a profit after tax of Rs 13.99 crore for the quarter ending December 31, 2024, the company said on Wednesday. Oriental Hotels Ltd reported a profit after tax of Rs 16.43 crore during the corresponding quarter of last year. Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd manages several hotels including the Taj Coromandel, Chennai, Taj Fisherman's Cove Resort and Spa, Chennai, among others. Revenue during the quarter under review surged to Rs 122.05 crore from Rs 106.07 crore registered during the same period of last year. "In Q3FY25, OHL has reported an operating revenue of Rs 121 crore, a growth of 20 per cent over the previous year. Led by an increase 11 per cent increase in average room rate resulting in an operating EBITDA of Rs 34 crore, a growth of 22 per cent.", Oriental Hotels Ltd Managing Director and CEO Pramod Ranjan said. The profit after tax for the nine month period ending December 31, 2024 stood at Rs 26.83
Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, on Tuesday reported a consolidated net loss of Rs 4.83 crore for the second quarter ended September 30, 2021. The company had reported a net loss of Rs 17.88 crore in the July-September period of the previous financial year. Its revenue from operations stood at Rs 52.34 crore for the period under review as compared to Rs 15.8 crore in the year-ago period, Oriental Hotels said in a regulatory filing. The company's board at its meeting on Tuesday re-appointed Pramod Ranjan as managing director and CEO for a further term of three years with effect from November 11, 2021, based on the recommendation of the nomination and remuneration committee. Oriental Hotels has seven hotels, including Taj Coromandel, Chennai; Taj Fisherman's Cove Resort and Spa, Chennai; and Taj Malabar Resort and Spa, Kochi.