Oriental Hotels Limited has announced its financial results for the quarter ended December 31, 2024. The company reported a strong growth in revenue but a decline in net profit on a year-on-year (YoY) basis.
Key Highlights:
- Revenue from Operations:
- Revenue for Q3 FY25 stood at ₹121.9 crore, an 18.3% increase YoY compared to ₹102.1 crore in Q3 FY24.
- Sequentially, revenue grew by 18% from ₹103.3 crore in Q2 FY25.
- Total Income:
- Total income came in at ₹122.6 crore, marking a 15% YoY growth from ₹106.6 crore in Q3 FY24.
- On a quarter-on-quarter (QoQ) basis, total income increased by 18.4% from ₹103.8 crore in Q2 FY25.
- Net Profit:
- Net profit for the quarter was ₹14.4 crore, a 14.9% decline YoY compared to ₹16.9 crore in Q3 FY24.
- However, on a sequential basis, net profit surged by 71.4%, up from ₹8.4 crore in Q2 FY25.
The decline in net profit YoY was primarily due to higher expenses incurred during the quarter, despite the strong revenue growth. Oriental Hotels continues to focus on operational efficiency and expanding its revenue streams to bolster profitability.
Disclaimer: The information provided is for informational purposes only and should not be considered as financial or investment advice.
