Oriental Hotels Q3 Financial Highlights

Oriental Hotels Ltd has proudly announced a profit after tax (PAT) of Rs 13.99 crore for the quarter ending December 31, 2024. This marks a significant achievement for the company, showcasing its resilience and growth in the competitive hospitality industry.

Year-on-Year Growth

Comparing year-on-year performance, Oriental Hotels Ltd reported a PAT of Rs 16.43 crore in the same quarter of the previous year. Despite the slight decrease, the company has demonstrated robust revenue growth, with the quarter under review seeing revenues surge to Rs 122.05 crore from Rs 106.07 crore last year.

Management's Perspective

"In Q3FY25, OHL has reported an operating revenue of Rs 121 crore, a growth of 20 per cent over the previous year. This was led by an 11 per cent increase in average room rate, resulting in an operating EBITDA of Rs 34 crore, a growth of 22 per cent," stated Pramod Ranjan, Managing Director and CEO of Oriental Hotels Ltd.

Nine-Month Performance

For the nine-month period ending December 31, 2024, the company's PAT stood at Rs 26.83 crore, compared to Rs 39.01 crore in the corresponding period last year. Revenue for the October-December 2024 quarter grew to Rs 311.27 crore from Rs 298.28 crore in the previous year, highlighting the company's steady growth trajectory.