Royal Orchid Hotels’ standalone net profit for Q3FY19 increases marginally by 6.4% yoy to Rs4.5cr

The standalone revenue for the quarter came in at Rs30.55cr, up 7.6% yoy.

Feb 04, 2019 08:02 IST India Infoline News Service

Royal Orchid Hotels reported its quarterly numbers on February 04, 2019. The standalone revenue for the quarter came in at Rs30.55cr, up 7.6% yoy. This is on account of likely stable revenue per available room and new management contracts. However, the EBITDA remained flat at Rs6.84cr in Q3FY19. The EBITDA margin contracted by ~178bps to 22.4% in Q3FY19. The adjusted net profit after tax for Q3FY19 came in at Rs4.49cr as against Rs4.22cr in Q3FY18.

Particulars (Rs cr) Q3FY19 Q3FY18 %
Revenue 30.55 28.40 7.6%
Operating Profits 6.84 6.87 (0.4%)
EBITDA margin 22.4% 24.2% (178)
Adjusted PAT 4.49 4.22 6.4%

The marginal increase in net profit is on account of rise in rental and power expenses higher than the top-line growth coupled with increase in effective tax rate. The rental and power expenses have increased by 13.2% and 26.7% yoy to Rs3.47cr and Rs2.89cr respectively during the quarter. The effective tax rate of the company for the quarter stood at 23% yoy vs. 26% in Q3FY18. The finance cost declined by 13.6% yoy to ~Rs1.11cr in Q3FY19.

The stock of Royal Orchid Hotels is trading at a price of Rs110.9, down 0.27% or Rs0.30, on BSE at 2pm.

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