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Oriental Hotels Ltd News

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

Oriental Hotels Q3 results: PAT down at Rs 13.99 cr, revenue surges 20%
Updated On : 15 Jan 2025 | 4:55 PM IST

ITC demerger: 7 hotel stocks with up to 15% upside potential as per charts

Even as hotel shares fell up to 5% on Monday; technical charts hint up to 15% upside potential for Mahindra Holidays, TAJ GVK, Apollo Sindoori, ITDC, EIH, Oriental Hotels and Advani Hotels.

ITC demerger: 7 hotel stocks with up to 15% upside potential as per charts
Updated On : 06 Jan 2025 | 11:07 AM IST

5 lesser-known Tata Group shares have surged up to 90% in 2024; what next?

TRF, Automotive Stampings, Orient Hotels and NELCO can surged up to 24% from present levels, suggest technical charts. The trend, however, looks weak for Tejas Networks.

5 lesser-known Tata Group shares have surged up to 90% in 2024; what next?
Updated On : 10 Oct 2024 | 12:09 PM IST