Oriental Hotels reports standalone Q3 profit at Rs 18.67 crore
The company, part of the Taj Group of Hotels, has reported standalone profit at Rs 7.14 crore during corresponding quarter of previous year.24-01-2023
24-01-2023
Q3FY23 Quarterly Result Announced for Oriental Hotels Ltd.
Oriental Hotels announced Q3FY23 results: Q3FY23: Reported revenue of Rs 110.77 crore in Q3FY23, 40% increase over the same quarter in FY22 With EBITDA of Rs 37.37 crore in Q3FY23, reported a 66% increase in EBITDA as compared to Q3 in the last fiscal Achieved EBITDA Margin of 34% in Q3FY23, which is an 11 percentage point expansion as compared to Q3FY20 ARR has seen significant growth of 32% as compared to pre-COVID levels in Q3FY23 OHL has received the allotment order for long-term lease for Taj Malabar Resort & Spa, Kochi for a period of 30 years beginning Q2FY23, from the Cochin Port Trust Mr. Pramod Ranjan, Managing Director & CEO, Oriental Hotels Ltd. said, “The sustained increase in demand across all segments has resulted in a significant increase in both revenue and EBITDA.OHL continues to retain its leadership position in its key markets. For the first nine months of the fiscal year, the company reported its highest-ever EBITDA of Rs 90 Crores. This strong performance over three consecutive quarters has led to a robust EBITDA margin of 31% to date.” Result PDF23-01-2023
ORIENTAL HOTELS LTD. - 500314 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
The draft of the press release in relation to the financial results of the Company for the quarter / period ended December 31, 2022.23-01-2023
ORIENTAL HOTELS LTD. - 500314 - Appointment Of Chief Financial Officer
With reference to the captioned subject, we wish to inform you that pursuant to Regulation 30, read with Part A of Schedule II of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company, based on the recommendation of Nomination and Remuneration Committee and Audit Committee has approved the appointment of Mr. Nitin Bengani, who is a member of the Institute of Chartered Accountants of India (ICAI Membership No.406039), as Chief Financial Officer of the Company effective from January 24, 2023.23-01-2023
ORIENTAL HOTELS LTD. - 500314 - Board Meeting Outcome for Outcome Of The Board Meeting - Consolidated And Standalone Unaudited Financial Results For The Quarter/Nine Months Ended December 31, 2022
Pursuant to Regulation 30 read with Para A of Part A of Schedule III and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform you that the Board of Directors of the Company at the meeting held today (January 23, 2023) has approved and taken on record the following : i) The unaudited financial results (Standalone and Consolidated) of the Company for the quarter ended December 31, 2022. A copy of the same along with the Limited Review Report issued by the Auditors are enclosed. ii) Appointment of Mr. Nitin Bengani as Chief Financial Officer of the Company with effect from January 24, 2023 based on the recommendation of Nomination and Remuneration Committee and Audit Committee. Meeting Start Time: 11:45 am End Time: 13:00 hrs23-01-2023
ORIENTAL HOTELS LTD. - 500314 - Closure of Trading Window
In accordance with the Company's Code of Conduct for Prevention of Insider Trading, the Trading Window for trading in the Company's equity shares remains closed from Sunday, January 1, 2023 and will open 48 hours after declaration of financial results with the Stock Exchanges.09-01-2023
ORIENTAL HOTELS LTD. - 500314 - Board Meeting Intimation for Board Meeting Date
ORIENTAL HOTELS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/01/2023 ,inter alia, to consider and approve We wish to inform you that a Meeting of the Board of Directors of the Company is scheduled to be held on Monday, January 23, 2023 to consider and approve amongst other business the unaudited financial results (Standalone & Consolidated) of the Company for the quarter ended December 31, 2022.09-01-2023
ORIENTAL HOTELS LTD. - 500314 - Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
Please be informed that Mr. Sreyas Arumbakkam, Chief Financial Officer (CFO) of the Company, has tendered his resignation from the Services of the company due to personal exigencies and to pursue career outside the group, which has been accepted by the Company. He will continue to hold his current position of CFO until close of business hours of January 23, 2023.24-11-2022
ORIENTAL HOTELS LTD. - 500314 - Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that ICRA Limited has re-affirmed the long term rating of '[ICRA]A+ (pronounced ICRA A plus)' and short-term rating of '[ICRA]A1 (pronounced ICRA A one]'. Outlook on the long- term rating is Stable. Request you to take the above on record and acknowledge receipt of the same.11-11-2022
ORIENTAL HOTELS LTD. - 500314 - Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that CARE Ratings Limited has re-affirmed the long term bank facilities rating of 'CARE A+; Stable (Single A Plus; Outlook: Stable)' and short-term bank facilities rating of 'CARE A1 (A One)'. Request you to take the above on record and acknowledge receipt of the same.11-11-2022