Oriental Hotels Ltd posts loss in Q1FY22

ORIENTAL HOTELS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.25.46 crores during the period ended June 30, 2021 as compared to Rs.54.21 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.(16.79) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(4.66) crores for the period ended March 31, 2021.

The company has reported EPS of Rs.(1.23) for the period ended June 30, 2021 as compared to Rs.(0.33) for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 25.46 crs	₹ 54.21 crs	-53.03%
Net Profit	₹ (16.79) crs	₹ (4.66) crs	260.3%
EPS	₹ (1.23)	₹ (0.33)	272.73%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.25.46 crores during the period ended June 30, 2021 as compared to Rs.7.55 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.(16.79) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(23.42) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.(1.23) for the period ended June 30, 2021 as compared to Rs.(1.75) for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 25.46 crs	₹ 7.55 crs	237.22%
Net Profit	₹ (16.79) crs	₹ (23.42) crs	-28.31%
EPS	₹ (1.23)	₹ (1.75)	-29.71%

Mr. Pramod Ranjan, Managing Director & CEO, Oriental Hotels Ltd. said, "The second wave of COVID-19 has taken a significant toll on the travel and hospitality sector. However, the company witnessed some green shoots of recovery through both corporate and leisure business. This has resulted in a 236% increase in revenue and 44% increase in EBITDA over that in Q1 FY 20/21."

KEY HIGHLIGHTS

- The iconic brand, Taj, has been rated the World's Strongest Hotel Brand by Brand Finance, the world's leading brand valuation consultancy. It has also been rated as the Strongest Hospitality Brand in India by Brand Finance. Three OHL hotels are branded as Taj hotels

- OHL has organized vaccination camps across its hotels and all eligible associates including our contract workforce have been administered the first dosage of vaccine. 38% of them have been administered the second dosage based on eligibility. Further, 500 plus family members have also benefited through the vaccination drive

Shares of ORIENTAL HOTELS LTD. was last trading in BSE at Rs. 36.1 as compared to the previous close of Rs. 36.35. The total number of shares traded during the day was 8665 in over 236 trades.

The stock hit an intraday high of Rs. 38.9 and intraday low of 36.1. The net turnover during the day was Rs. 317982.

Source : Equity Bulls

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