Oriental Hotels Ltd Q4FY21 consolidated loss at Rs. 4.66 crore

ORIENTAL HOTELS LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.54.21 crores during the period ended March 31, 2021 as compared to Rs.43.58 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.(4.66) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.(7.62) crores for the period ended December 31, 2020.

The company has reported EPS of Rs.(0.33) for the period ended March 31, 2021 as compared to Rs.(0.6) for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 54.21 crs	₹ 43.58 crs	24.39%
Net Profit	₹ (4.66) crs	₹ (7.62) crs	-38.85%
EPS	₹ (0.33)	₹ (0.6)	-45%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.54.21 crores during the period ended March 31, 2021 as compared to Rs.72.32 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(4.66) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.1.15 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.(0.33) for the period ended March 31, 2021 as compared to Rs.0.06 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 54.21 crs	₹ 72.32 crs	-25.04%
Net Profit	₹ (4.66) crs	₹ 1.15 crs	-505.22%
EPS	₹ (0.33)	₹ 0.06	-650%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.123.12 crores during the 12 months period ended March 31, 2021 as compared to Rs.298.83 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(53.58) crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.(6.60) crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.(3.99) for the 12 months period ended March 31, 2021 as compared to Rs.(0.46) for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 123.12 crs	₹ 298.83 crs	-58.8%
Net Profit	₹ (53.58) crs	₹ (6.60) crs	711.82%
EPS	₹ (3.99)	₹(0.46)	767.39%

Mr. Pramod Ranjan, Managing Director & CEO, Oriental Hotels Ltd. said, "All our hotels resumed operations in a staggered manner after the lockdowns were lifted. With the unlocking of restrictions, all the hotels witnessed some recovery of demand, especially in leisure destinations. The company reported a 324% increase in EBITDA and 25% increase in revenue over Q3 FY 20/21."

KEY HIGHLIGHTS

- All OHL hotels have reopened with augmented hygiene and safety measure in place for guests, employees, partners, and vendors including technology enabled contactless services.

- Qmin, a repertoire of culinary experiences which delivers dishes from signature restaurants of our hotels is now available on the "Qmin" app in Chennai, Coimbatore & Kochi.

- The iconic brand "Taj" was ranked number one on the list of the strongest Indian brands by Brand Finance. Three OHL hotels are branded Taj.

- Southern Spice Restaurant, Chipstead Bar and Bay View Restaurant in Chennai have been awarded the Best South Indian restaurant, Best Bar and Best Sea Food restaurant respectively by the 'Times Food Guide'

COVID-19

The company has taken a series of actions to ensure adequate liquidity and cost optimization. Cash Conservation measures have included deferral of discretionary spending and Capex, unless absolutely required.

We expect a recovery in business to be driven by domestic leisure and business tourism. We do not expect any significant challenge to our supply chain. We will keep our investors and other stakeholders informed with relevant updates.

Shares of ORIENTAL HOTELS LTD. was last trading in BSE at Rs.22.9 as compared to the previous close of Rs. 22.45. The total number of shares traded during the day was 3524 in over 163 trades.

The stock hit an intraday high of Rs. 23 and intraday low of 21.95. The net turnover during the day was Rs. 79659.

Source : Equity Bulls

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