Royal Orchid adds a hotel in Pune

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Royal Orchid adds a hotel in Pune

The total revenue has grown up by 35% to 39.2 crore, while net profit was 7.76 crore. Company has added Royal Orchid Hotel, Pune which will be open from January 2009.

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ALSO READ News and Notices about Royal Orchid See interviews with Royal Orchid Management See what other Experts & Brokerages are saying about Royal Orchid See previous Results of Royal Orchid Royal Orchid BSE | NSE 28/05/12 Are Mutual Funds betting on Royal Orchid?

Key Takeaways from  Royal Orchid Hotels concall:

• The total revenue has grown up by 35%  to 39.2 crore, while net profit was 7.76 crore.
• Company has added Royal Orchid Hotel, Pune  which will be open from January 2009.
• Jaipur Hotel did significantly better inspite of Gujjar protest.
• Company has signed management contract in Banglore.
• In Goa company has purchased stake in a hotel.
• There is significant increase in occupancy rate of Hydrabad hotel.
• Company's Banglore Resort and Hotel Harsha are under renovation.
• Company has 7 project under developement.
• It is developing 5 star hotel in Airport Road, Jaipur, 5 star hotel Hydrabad, 4 star hotels in Mumbai and fully owned 104 room 4 star hotel in CBD Road, Ahemdabad.

for more details listen to the concall...