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Q4FY24 Quarterly & FY24 Annual Result Announced for Oriental Hotels Ltd.

Oriental Hotels announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue: Decreased to Rs 110.72 crore from Rs 115.56 crore EBITDA: Decreased to Rs 30.14 crore from Rs 36.16 crore Profit After Tax: Decreased to Rs 16.32 crore from Rs 17.79 crore FY24 Financial Highlights: Revenue: Slight increase to Rs 409.01 crore from Rs 407.96 crore EBITDA: Decreased to Rs 114.17 crore from Rs 126.06 crore Profit After Tax: Decreased to Rs 55.34 crore from Rs 58.47 crore Business Highlights: Reported the highest ever annual revenue of Rs 409 crores in FY 2023-24. Noted a 12% growth in same-store revenue, despite the ongoing asset upgradation of Taj Malabar Resort & Spa. Taj Malabar Resort & Spa is expected to re-open its first phase in May 2024. Oriental Hotels Limited maintains market leadership in its key markets. 74% of energy consumption in OHL hotels comes from renewable sources, aligning with IHCL's ESG+ framework of Paathya. Pramod Ranjan, Managing Director & CEO, Oriental Hotels, said, “In FY24, the company reported its highest ever revenue of Rs 409 crore. This performance was enabled by a 12% growth in same store revenue offsetting the displacement due to asset upgradation of Taj Malabar Resort & Spa, Cochin which is slated to re-open with its first phase in May 2024.” Result PDF
18-04-2024
Bigul

ORIENTAL HOTELS LTD. - 500314 - Press Release

OHL announces Q4 and full year FY 2023-24 results
18-04-2024
Bigul

ORIENTAL HOTELS LTD. - 500314 - Board Meeting Outcome for Outcome Of The Board Meeting - Consolidated And Standalone Audited Financial Results For The Quarter/Year Ended March 31, 2024

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements) 2015, please find the attached announcement.
18-04-2024
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