In an interview with CNBC-TV18, Keshav Baljee, President, Royal Orchid, spoke about the results and his outlook for the company.
Here is a verbatim transcript of the exclusive interview with Keshav Baljee on CNBC-TV18. Also watch the accompanying video. Q: If you can just first tell us your Q3 FY11 numbers starting with your top-line as well as your bottom-line? A: We did revenues of Rs 40.99 crore this quarter as oppose to Rs 31.29 crore last year in the same quarter. Our profit was Rs 4.38 crore as oppose to Rs 3 crore the year before. So, all in all, relatively robust growth even compared with the season numbers last year. Q: Can you tell us the growth drivers that contributed to your top-line this year? A: Business has improved in general across the country. As a result of that, business travel has improved resulting in better numbers. Major travel, especially in our Goa hotel, which is being renovated this year, is actually showing a huge uptick. The other driver of course is the addition of our Ahmedabad hotel last year which has now started to contribute significantly to both, the top-line and the bottom-line. Q: Can you just tell us how the holidayDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
