SAT stays interim order against Royal Orchid Hotel till 17 August
₹68.88 crore for the first quarter of the fiscal year ended June 2023, marking an increase of 13.9% from the corresponding quarter a year prior. Net profit was at ₹10.73 crore.
The company in a statement said, “We did not review the interim financial results of twelve subsidiaries included in the statement, whose financial information reflect total revenues of ₹8.09 crore, total net profit after tax of ₹10.9 crore, total comprehensive income of ₹10.9 crore, for the quarter ended on 30 June 2023." The company has 94 hotels and resorts, 17 subsidiary companies and about 22 hotels in the pipeline across several Indian cities as well as one in Nepal. In FY23, the company said it had a total of 4941 hotel rooms.
About 3,775 of these rooms were under its managed hotels, about 575 rooms which are leased and 268 rooms which are leased. Under its joint venture, it has 323 rooms.
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