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Oriental Hotels Q3 results: PAT down at Rs 13.99 cr, revenue surges 20%

Business Standard LogoBusiness Standard9h ago

Oriental Hotels Q3 results: PAT down at Rs 13.99 cr, revenue surges 20% - Business Standard

Quick Summary:

Oriental Hotels Ltd has reported a profit after tax of Rs 13.99 crore for the quarter ending December 31, 2024, the company said on Wednesday.

Led by an increase 11 per cent increase in average room rate resulting in an operating EBITDA of Rs 34 crore, a growth of 22 per cent"., Oriental Hotels Ltd Managing Director and CEO Pramod Ranjan said.

Oriental Hotels Ltd reported a profit after tax of Rs 16.43 crore during the corresponding quarter of last year.


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Category: BusinessFinance

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 16:55:47 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25174912

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