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Royal Orchid Hotels Ltd Net profit up 313% at Rs 1.15 crore in Q1FY18

Saturday, August 12, 2017, 12:00 Hrs  [IST]
By HBI Staff | New Delhi

Royal Orchid Hotels Limited, a hotel chain operating 5 and 4 star hotels for business and leisure travellers, reported its first quarter financial results for the quarter ended 30th June 2017.

Commenting on the results Chender Baljee, Chairman and Managing Director, Royal Orchid Hotels Limited said, “On the business front, we are totally focused on our asset light model strategy with addition of 2 new properties in first quarter of this fiscal year. We seek to maintain an efficient balance sheet with an investment grade credit rating. We will continue with the strategy to increase our presence across country and strengthen our portfolio. In next quarter we will witness the post GST implementation phase with the industry settling down and assessing the overall impact.”

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