Q4FY22 Quarterly Result Announced for Oriental Hotels Ltd.
Oriental Hotels Limited posts a 26% increase in revenue, 90% increase in EBITA, and PAT of Rs 1.28 Crores for the fourth quarter. Oriental Hotels declares Q4FY22 result: Posts 26% increase in revenue & 90% increase in EBITDA over the previous year. Reports a PAT of Rs 1.28 Crores. In line with IHCL’s commitment to phasing out single use plastic, in-house bottling plants have been commissioned in two hotels in Chennai, Taj Coromandel, and Taj Fisherman’s Cove Resort & Spa Mr. Pramod Ranjan, Managing Director & CEO, Oriental Hotels Ltd. said, “The Company witnessed significant recovery in February and March 2022 with easing of lockdown restrictions post the Omicron wave in January 2022. OHL reported a 26% increase in revenue and 685 BPS increase in EBITDA margin this quarter over the previous year. Oriental Hotels Ltd has witnessed a second consecutive quarter of profitability. The outlook for business looks positive and April 2022 is trending higher than April 2019. Having said the above, the impact of the 4th wave and emerging variants remains uncertain." Result PDF18-04-2022