Royal Orchid Hotels Limited — Updates, 15-11-2024: Press Release

Royal Orchid Hotels Limited has reported robust growth for the second quarter and half-year results for FY 24-25. For the standalone results in Q2, total income reached ₹51.94 Cr, up from ₹49.09 Cr in Q1, with EBITDA rising to ₹16.02 Cr and PAT increasing to ₹6.20 Cr. Compared to Q2 FY 23-24, total income improved from ₹45.50 Cr, showcasing the company's resilience.

In the consolidated results, total income for H1 stood at ₹155.98 Cr compared to ₹143.79 Cr in the prior period. EBITDA experienced a slight dip at ₹40.65 Cr, while PAT was ₹16.24 Cr, reflecting a drop from ₹18.40 Cr. The Chairman & Managing Director expressed enthusiasm over the ongoing momentum and emphasized the introduction of a new upscale brand to capture market demand, projecting strong occupancy rates.

The company has also revamped its loyalty program, 'Regenta Rewards', significantly enhancing customer engagement. This solid performance amid industry recovery presents a positive outlook for stakeholders, heralding potential growth opportunities ahead.