Shares of Oriental Hotels Limited surged more than 10% in trade after the company reported a robust set of financial results for the third quarter, driven by healthy demand across its hotel portfolio and improved operational efficiency.
For the December quarter, Oriental Hotels reported a net profit of ₹20.7 crore, marking a significant year-on-year growth of 43.8% compared with ₹14.4 crore in the same quarter last year. The sharp rise in profitability was supported by higher revenues, better cost control, and improved operating leverage.
Revenue from operations for the quarter increased by 14.2% year-on-year to ₹139.3 crore, up from ₹122 crore in the corresponding period of the previous financial year. The growth highlights steady room demand, improved occupancy levels, and stable average room rates across key properties.
On the operational front, EBITDA rose 20.7% year-on-year to ₹42 crore, compared with ₹34.7 crore in Q3 of the previous year. The EBITDA margin improved to 30%, up from 28.4% on a year-on-year basis, reflecting enhanced efficiency, disciplined expense management, and better scale benefits.
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