Royal Orchid Hotels net profits for the quarter ending March 31, surged to Rs 2.46 crore compared to the same period last year.
The company's profit after tax stood at Rs 3 lakh in the corresponding quarter of the previous financial year, a release said here.
Revenue from operations during the last quarter went up by 14 per cent to Rs 27.72 crore compared to Rs 24.36 crore in the same period last year.
"Following our asset light model, we have successfully added 10 new properties in FY18, taking total number of properties to 47. With the rise in mid-segment hotels, we are planning to add 15 more properties in the current fiscal year," Royal Orchid Hotels managing director Chender Baljee said.
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