Oriental Hotels Q3 results: Revenue grows to ₹122.05 crore, PAT at ₹13.99 crore

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

Oriental Hotels Ltd reported a profit after tax of ₹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 ₹122.05 crore from ₹106.07 crore registered during the same period last year.

"In Q3FY25, OHL has reported an operating revenue of ₹121 crore, a growth of 20% over the previous year. Led by an 11% increase in average room rate resulting in an operating EBITDA of ₹34 crore, a growth of 22%.", 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 ₹26.83 crore as against ₹39.01 crore registered in the year-ago period.

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