Royal Orchid Hotels Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 12, 2021 at 02:24 pm IST
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Royal Orchid Hotels Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 313.978 million compared to INR 640.85 million a year ago. Net loss was INR 44.801 million compared to net income of INR 56.673 million a year ago. Basic loss per share from continuing operations was INR 1.63 compared to basic earnings per share from continuing operations of INR 2.07 a year ago. Diluted loss per share from continuing operations was INR 1.63 compared to diluted earnings per share from continuing operations of INR 2.05 a year ago. For the nine months, total revenue was INR 534.243 million compared to INR 1,666.933 million a year ago. Net loss was INR 299.651 million compared to net income of INR 60.133 million a year ago. Basic loss per share from continuing operations was INR 10.92 compared to basic earnings per share from continuing operations of INR 2.19 a year ago. Diluted loss per share from continuing operations was INR 10.92 compared to diluted earnings per share from continuing operations of INR 2.18 a year ago.
Royal Orchid Hotels Limited is an India-based company, which is engaged in the business of operating and managing hotels/ resorts and providing related services, through its portfolio of hotel properties across the country. Its hotels include Regenta Central Antarim, Regenta Inn Ranip, Regenta Central, Hotel Royal Orchid, Royal Orchid Central, Royal Orchid Resort & Convention Centre, Regenta Resort Vanya Mahal, Regenta Central Deccan, Regenta Resort Mashobra, Regenta Central Hestia, Regenta Orkos and others. The Company operates hotels in Ahmedabad, Amritsar, Bangalore, Bharuch, Bhuj, Chandigarh, Chennai, Goa, Gurgaon, Hampi, Haridwar, Jaipur, Kolkata, Udaipur and others. The Companyâs products include rooms and food and beverage services. The Company has approximately 95 plus hotels, 5700 plus guest rooms, and 160 plus restaurants and bars. It also provides business hotels, wildlife tourism, leisure hotels, wedding destinations, religious destinations, and historic destinations.