You are here » Home » Companies » Company Overview » Royal Orchid Hotels Ltd

Royal Orchid Hotels Ltd.

BSE: 532699 Sector: Services
NSE: ROHLTD ISIN Code: INE283H01019
BSE LIVE 19:40 | 19 Oct 131.70 0.80
(0.61%)
OPEN

131.00

HIGH

133.95

LOW

130.05

NSE 19:31 | 19 Oct 132.45 1.50
(1.15%)
OPEN

131.25

HIGH

133.80

LOW

131.10

OPEN 131.00
PREVIOUS CLOSE 130.90
VOLUME 2334
52-Week high 150.50
52-Week low 67.10
P/E 31.21
Mkt Cap.(Rs cr) 359
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 131.00
CLOSE 130.90
VOLUME 2334
52-Week high 150.50
52-Week low 67.10
P/E 31.21
Mkt Cap.(Rs cr) 359
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Royal Orchid Hotels Ltd. (ROHLTD) - Chairman Speech

Company chairman speech

Dear Shareholders

The fiscal year 201 A-15 has been a great year with many milestones and memories forRoyal Orchid Hotels. Your company has continued to deliver quality services and furtherstrengthened its position by expanding to 29 hotels across India and Africa.

The success mantra for our growth is the guest's satisfaction through quality serviceswhich is further fueled by brand loyalty excellence in delivery and collaborative effortswith our partners.

Our ethos is expect more.

Globally the macro-economic environment is delicately poised. India is holding itsground during a shaky time in the global economy too. The Indian economy is growing fasterthan most major economies in the world according to reports from the InternationalMonetary Fund. K

Our Strategy is to continue with an 'asset-light approach' and expand our base throughManagement contracts.

This business model allows us to dedicate nearly all of our free cash flow to prepaydebt and build equity value. During the year both our Brands -Royal Orchid Hotels- and-Regenta Hotels- were successfully established in newer markets.

We believe that we have a fundamentally strong business that can adapt in a dynamicmacroeconomic environment. During the year the Company has consolidated its positionafter the sale of its Hyderabad Unit and the Company has come out of Corporate DebtRe-structuring. The Company is expected to register a significant growth in operatingprofits in the years to come.

Supply has outpaced demand during the year which in turn resulted in reducing pricingpower with decrease in occupancies. Hotel projects being capital intensive; many playersface tremendous pressure with high leverage and resultant high interest outgo. Howeverwith the stable Central Government we look forward for speedy revival of the market andreduction in various taxes and rates.

So be it Business or Leisure; Metros or Tier 2 cities; India or the World as itsplatform Royal Orchid Hotels has proven to be one of the most sought after hotel brand. Iassure you that we will firmly remain committed to delivering enhanced value to all ourstake holders and look forward to your support and encouragement to help your Companyachieve newer heights in the coming years.

Lastly I would also like to thank all Royal Orchid staff for their professionalism anddedication that has made these achievements possible.