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Oriental Hotels reports 8% fall in Q4 consolidated net profit
Apr-19-2024

Oriental Hotels has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 8.21% fall in its net profit at Rs 16.33 crore for the quarter under review as compared to Rs 17.79 crore for the same quarter in the previous year. Total income of the company decreased by 4.18% at Rs 110.73 crore for Q4FY24 as compared Rs 115.56 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 8.38% fall in its net profit at Rs 16.50 crore for fourth quarter ended March 31, 2024 as compared to Rs 18.01 crore for the same quarter in the previous year. Total income of the company decreased by 4.15% at Rs 111.00 crore for Q4FY24 as compared Rs 115.81 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 5.35% fall in its net profit at Rs 55.34 crore as compared to Rs 58.47 crore for the previous year. However, total income of the company increased by 0.26% at Rs 409.01 crore for year under review as compared to Rs 407.96 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 9.77% fall in its net profit at Rs 50.07 crore as compared to Rs 55.49 crore for the previous year. Total income of the company decreased by 0.23% at Rs 404.34 crore for year under review as compared to Rs 405.28 crore for year ended March 31, 2023. 

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