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Earnings Call Transcript

Royal Orchid Hotels Earnings Call Transcript: Key Takeaways

Revenue grew 36% YoY, but PAT dropped 39% due to high depreciation and a surprise ₹2.5 Cr GST impact. Management is pivoting towards an asset-right model, leveraging the new premium Iconica brand.

Guidance and delivery
Management target Revenue FY30
Highlights
Revenue growth36% YoY growth to ₹107 Cr, aided by new properties.
MarginsEBITDA margins expanded to 30.7% from 30%.
Order book50+ signed hotels to open in 18-24 months.
Demand visibilityStrong domestic leisure and corporate demand; business hotels seasonal.
Management confidenceBalanced, though slightly defensive regarding the sharp PAT decline.

Growth

Revenue hit ₹107 Cr, driven by the Iconica ramp-up. EBITDA margins improved slightly to 30.7%.

Outlook

Management aims to scale to 11,000+ keys and doubles fees by FY30. Short-term profitability remains range-bound.

Risks

GST regulatory changes caused ₹2.5 Cr loss. Occupancy volatility in business hotels remains a concern.

Last quarter's promises, checked

Delivered

  • Target 11,000 keys (including signed) → Delivered ~11,000 keys (= BEAT)
  • Target 80 cities → Delivered 80 cities (= BEAT)
  • Revenue growth INR 319 Cr to 384 Cr → Delivered 36% YoY growth (= BEAT)

Partly delivered

  • Revenue share keys target 500+ → Delivered 522 keys signed/pending (= PARTIAL)

Missed

  • PAT growth guidance (implied 16.8% excl. Iconica) → Delivered 39% drop (= MISS)
  • Iconica PAT profitability in FY26 → Delivered negative PAT (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: ROHLTD. Summary written with AI assistance from the document.

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Royal Orchid Hotels Ltd: key numbers

Share price
₹308.60
Market cap
₹846.3 Cr
Revenue (annual)
₹384.1 Cr
Net profit (annual)
₹32.18 Cr
P/E (TTM)
30.6×Sector 43.7×
Promoter holding
64.06%+0.00% QoQ
FII holding
8.57%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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