Hospitality firm Oriental Hotels Limited (OHL) disclosed a 20% decrease in its consolidated net profit for the first quarter of FY27. The company’s net profit dropped to Rs 5.3 crore in the April-June quarter from Rs 6.6 crore in the same period last fiscal year, as per its stock exchange filing.
During the quarter, revenue from operations climbed by 3% year-on-year to Rs 111 crore, up from Rs 108 crore in the corresponding period of the previous financial year. Following the earnings announcement, investors reacted negatively, leading to a nearly 6% decline in Oriental Hotels’ shares.
The stock price fell to as low as Rs 125 during the trading session but later regained some of the losses. By the close of trading, the shares were at Rs 130.60 on the Bombay Stock Exchange, down by Rs 2.85 or 2.14%.
Commenting on the results, Pramod Ranjan, Managing Director & CEO of Oriental Hotels Limited, highlighted a steady performance with an EBITDA of Rs 26.6 crores in the first quarter of FY2027. Ranjan expressed confidence in the company’s future performance, citing ongoing asset enhancement initiatives and robust domestic demand.
