Royal Orchid Hotels Limited has recorded a total income of INR 312.70 crore for the financial year 2024, showing growth from the total income of INR 279.69 crore reported for the financial year 2023. The chain also posted a profit of INR 50.82 crore for the financial year 2024, up from INR 49.22 crore in the previous fiscal year.
In the fourth quarter of fiscal year 2024, Royal Orchid Hotels reported a total income of INR 82.30 crore, marking an increase from INR 76.54 crore in the corresponding quarter of the previous fiscal year. The hotel chain also saw a rise in profit, with INR 16.69 crore recorded in quarter four of financial year 2024, compared to INR 13.12 crore in quarter four of financial year 2023.
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Portfolio Expansion and Geographic Presence
The chain boasts a portfolio comprising over 107 hotels spread across more than 70 locations.
“Entering a pivotal juncture in our journey as a public entity, we are actively implementing the fundamental growth drivers to articulate our vision for the future of Indian hospitality. Through brand redefinition, bolstering our management cadre, and integrating novel technologies and processes, FY2025 holds the promise of transformation, positioning the company for sustained success,” remarked Chander K. Baljee, Chairman and Managing Director.
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Amit Jaiswal, the Chief Financial Officer, highlighted that the financial performance continues to be ‘strong,’ evidenced by a 12% rise in consolidated annual revenue for the previous fiscal year compared to the corresponding period last year.
“Furthermore, we have witnessed a 27% surge in profit after tax for quarter four of fiscal year 2024 compared to the corresponding period last year. Our earnings per share (EPS) continue to exhibit strength, and our debt has been substantially diminished, underscoring our dedication to upholding a robust balance sheet,” he added.
