Royal Orchid Hotels Ltd. (ROHL) primarily operates five-star and four-star hotels, resorts, and boutique accommodations, boasting over 100 properties across India. Its flagship brand, Regenta, encompasses a diverse range of categories, including Regenta Central, Regenta Resort, Regenta Place, and Regenta Inn, catering to both business and leisure travellers.
Recently, Royal Orchid Hotels announced the signing of a new Regenta property in Mulshi, Pune, Maharashtra.
The new establishment will feature 36 studio rooms, 13 one-bedroom units, and 11 two-bedroom units, all offering breathtaking views of the picturesque Mulshi Lake.
Amenities will include meeting spaces, a fully equipped gym, an all-day dining restaurant, and a bar serving a variety of international cuisines and local specialities. Additionally, the hotel will provide indoor games and recreational activities such as bird watching, trekking, and riverbed swimming, enhancing the leisure travel experience in the area.
Arjun Baljee, the president of Royal Orchid Hotels, remarked, “The scenic Mulshi region is becoming increasingly popular as a weekend getaway, with its convenient access to major cities such as Pune, Nashik, and Mumbai. This makes it an ideal location for us to seize upon.”
The Regenta Resort Mulshi is a strategic addition to our collection of distinctive properties situated in India’s more unconventional destinations, and we are thrilled to collaborate with Mr Harish Shastri on this venture.
Royal Orchid Hotels reported impressive growth in Q2 FY25. Standalone revenue rose to ₹51.94 crore, up from ₹45.50 crore in Q2 FY24, indicating a significant year-on-year increase. EBITDA also saw a 14% rise, reaching ₹16.02 crore, while PAT improved notably to ₹6.20 crore, compared to ₹4.93 crore in the same quarter last year.
Earnings per share rose to ₹2.26 from ₹1.80, while consolidated revenue grew 12% YoY to ₹78.32 crore in Q2 FY24. EBITDA increased marginally to ₹19.36 crore from ₹18.94 crore, but PAT declined to ₹7.52 crore due to higher depreciation and finance costs under IND-AS 116 adjustments.
At 1:09 PM, the share price of Royal Orchid Hotels Ltd. traded at ₹352.00 on the NSE, up more than 2%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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