Oriental Hotels Q1 net profit rises 10% to ₹12 crore

July 21, 2023 08:01 pm | Updated 08:07 pm IST - CHENNAI

Oriental Hotels Ltd. reported standalone net profit for the June quarter rose 10% to ₹12 crore from the year-earlier period.

Revenue from operations increased 4% to ₹91 crore, the associate company of The Indian Hotels company said in a regulatory filing.

A healthy growth was witnessed in revenues aided by revenue per available room in all our key markets, said MD & CEO Pramod Ranjan.

In the current quarter, the company commenced product enhancements across its portfolio, including complete repositioning of its key asset Taj Malabar Resort & Spa, Cochin, he said.

The company has seven hotels – Taj Coromandel and Taj Fisherman’s Cove Resort & Spa at Chennai, Taj Malabar Resort & Spa, Cochin, Vivanta Coimbatore, and Vivanta Mangalore.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.