Royal Orchid Hotels Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2016
May 31, 2016 at 03:45 am EDT
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Royal Orchid Hotels Limited reported audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the full year ended March 31, 2016. For the quarter, on standalone basis, the company reported total income from operations of INR 242 million compared to INR 228.265 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 23.646 million compared to INR 35.193 million a year ago. Profit from ordinary activities before tax and net profit for the period was INR 30.386 million compared to profit for ordinary activities before tax and net profit for the period of INR 42.927 million a year ago. Basic and diluted earnings per share (not annualized) were INR 1.12 against INR 1.58 a year ago.
For the year end, on standalone basis, the company reported total income from operations of INR 878.533 million compared to INR 846.295 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 66.666 million compared to INR 46.539 million a year ago. Profit from ordinary activities before tax and net profit for the period was INR 74.838 million compared to profit for ordinary activities before tax and net profit for the period of INR 89.759 million a year ago. Basic and diluted earnings per share (not annualized) were INR 2.75 against INR 3.30 a year ago.
For the year end, on consolidated basis, the company reported total income from operations of INR 1,585.316 million compared to INR 1,477.545 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 64.405 million compared to INR 44.809 million a year ago. Profit from ordinary activities before tax was INR 28 million compared to INR 57.906 million a year ago. Net loss for the period was INR 36.428 million compared to INR 67.876 million a year ago. Basic and diluted loss per share (not annualized) was INR 0.48 against basic and diluted loss per share of INR 1.42 a year ago.
Royal Orchid Hotels Limited is an India-based company, which is engaged in the business of operating and managing hotels/ resorts and providing related services, through its portfolio of hotel properties across the country. Its hotels include Regenta Central Antarim, Regenta Inn Ranip, Regenta Central, Hotel Royal Orchid, Royal Orchid Central, Royal Orchid Resort & Convention Centre, Regenta Resort Vanya Mahal, Regenta Central Deccan, Regenta Resort Mashobra, Regenta Central Hestia, Regenta Orkos and others. The Company operates hotels in Ahmedabad, Amritsar, Bangalore, Bharuch, Bhuj, Chandigarh, Chennai, Goa, Gurgaon, Hampi, Haridwar, Jaipur, Kolkata, Udaipur and others. The Companyâs products include rooms and food and beverage services. The Company has approximately 95 plus hotels, 5700 plus guest rooms, and 160 plus restaurants and bars. It also provides business hotels, wildlife tourism, leisure hotels, wedding destinations, religious destinations, and historic destinations.
Royal Orchid Hotels Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2016