Oriental Hotels Q2 Results Live : Oriental Hotels declared their Q2 results on October 14, 2024, reporting a significant topline increase of 13.48% year-over-year and a profit surge of 30.66%. The results reflect a robust performance in the hospitality sector, driven by a rebound in travel and tourism.
In comparison to the previous quarter, the company’s revenue experienced a remarkable growth of 26.02%, while profit skyrocketed by an astounding 522.96%. These figures underscore the company’s effective strategies and operational efficiencies during this quarter.
However, the Selling, General & Administrative expenses saw a slight uptick of 1.44% quarter-over-quarter and an increase of 8.87% year-over-year, indicating a rise in operational costs that the company is managing amidst its growth.
The operating income also displayed impressive figures, up by 237.73% quarter-over-quarter and 18.59% year-over-year, highlighting the company’s strong operational performance.
Earnings per share (EPS) stood at ₹0.32 for Q2, marking a 33.33% increase year-over-year, which reflects the enhanced profitability and shareholder value.
Over the past week, Oriental Hotels has delivered a return of 5.18%, while the last six months have seen an impressive 31.99% return. Year-to-date, the stock has soared by 46.2%, indicating strong investor confidence.
Currently, Oriental Hotels has a market capitalization of ₹3189.42 Crores, with a 52-week high of ₹192.2 and a low of ₹91.3, showcasing its stability and growth potential in the market.
Oriental Hotels Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 103.3 | 81.97 | +26.02% | 91.03 | +13.48% |
| Selling/ General/ Admin Expenses Total | 23.94 | 23.6 | +1.44% | 21.99 | +8.87% |
| Depreciation/ Amortization | 8.13 | 6.78 | +19.91% | 6.01 | +35.27% |
| Total Operating Expense | 86.65 | 77.04 | +12.47% | 76.99 | +12.55% |
| Operating Income | 16.65 | 4.93 | +237.73% | 14.04 | +18.59% |
| Net Income Before Taxes | 12.62 | 2.2 | +473.64% | 11.43 | +10.41% |
| Net Income | 5.71 | -1.35 | +522.96% | 4.37 | +30.66% |
| Diluted Normalized EPS | 0.32 | -0.08 | +500% | 0.24 | +33.33% |
