Oriental Hotels Q3 results: PAT down at Rs 13.99 cr, revenue surges 20%

Oriental Hotels Ltd has reported a profit after tax of Rs 13.99 crore for the quarter ending December 31, 2024, the company said on Wednesday.

Oriental Hotels Ltd reported a profit after tax of Rs 16.43 crore during the corresponding quarter of last year.

Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd manages several hotels including the Taj Coromandel, Chennai, Taj Fisherman's Cove Resort and Spa, Chennai, among others.

Revenue during the quarter under review surged to Rs 122.05 crore from Rs 106.07 crore registered during the same period of last year.

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

The profit after tax for the nine month period ending December 31, 2024 stood at Rs 26.83 crore as against Rs 39.01 crore registered in the year ago period.

Revenue during the October-December 2024 quarter grew to Rs 311.27 crore, from Rs 298.28 crore registered in the year ago period, the company said.