Key Financial Highlights - Consolidated H1 FY27

  • Total Income: ₹230.7 crore (vs ₹169.6 crore in H1 FY26, +36.1%)
  • EBITDA: ₹64.6 crore (vs ₹44.5 crore in H1 FY26, +45.3%)
  • EBITDA Margin: 28.0% (vs 26.2% in H1 FY26)
  • Profit Before Tax: ₹23.5 crore (vs ₹19.0 crore in H1 FY26, +23.7%)
  • Net Profit: ₹19.8 crore (vs ₹14.4 crore in H1 FY26, +37.6%)
  • PAT After Associate: ₹21.5 crore (vs ₹15.5 crore in H1 FY26, +39.0%)
  • Total Comprehensive Income: ₹21.2 crore (vs ₹16.5 crore in H1 FY26, +29.0%)
  • EPS: ₹7.6 (vs ₹5.5 in H1 FY26, +36.8%)
  • Exceptional Items: ₹9.8 crore recorded in H1 FY27

Key Financial Highlights - Consolidated Q2 FY27

  • Total Income: ₹116.0 crore (vs ₹86.8 crore in Q2 FY26, +33.7%)
  • EBITDA: ₹31.7 crore (vs ₹20.8 crore in Q2 FY26, +52.3%)
  • EBITDA Margin: 27.3% (vs 24.0% in Q2 FY26)
  • Profit Before Tax: ₹15.4 crore (vs ₹4.4 crore in Q2 FY26, +246.8%)
  • Net Profit: ₹13.9 crore (vs ₹3.6 crore in Q2 FY26, +288.1%)
  • PAT After Associate: ₹14.7 crore (vs ₹4.3 crore in Q2 FY26, +243.2%)
  • Total Comprehensive Income: ₹14.8 crore (vs ₹5.0 crore in Q2 FY26, +194.5%)
  • EPS: ₹5.3 (vs ₹1.6 in Q2 FY26, +236.7%)
  • Exceptional Items: ₹9.8 crore recorded in Q2 FY27

Revenue Breakdown - Consolidated H1 FY27

  • Room Nights Revenue: ₹123.3 crore (vs ₹82.8 crore in H1 FY26, +48.9%)
  • Food and Beverages: ₹67.5 crore (vs ₹51.5 crore in H1 FY26, +31.0%)
  • Other Services: ₹26.5 crore (vs ₹23.6 crore in H1 FY26, +12.5%)
  • Income from Operations: ₹217.3 crore (vs ₹158.0 crore in H1 FY26, +37.6%)
  • Other Income: ₹13.4 crore (vs ₹11.6 crore in H1 FY26, +15.1%)

Expense Analysis - Consolidated H1 FY27

  • Cost of Material Consumed: ₹18.7 crore (vs ₹14.7 crore in H1 FY26, +27.7%)
  • Employee Benefits Expense: ₹58.1 crore (vs ₹46.8 crore in H1 FY26, +24.1%)
  • Rent Expense: ₹9.0 crore (vs ₹7.3 crore in H1 FY26, +23.2%)
  • Power and Fuel Expense: ₹14.4 crore (vs ₹11.1 crore in H1 FY26, +30.3%)
  • Other Expenses: ₹66.0 crore (vs ₹45.3 crore in H1 FY26, +45.5%)
  • Total Expense: ₹166.1 crore (vs ₹125.1 crore in H1 FY26, +32.8%)

IND-AS Impact

  • Adoption of IND-AS led to notional increase in depreciation and finance costs of ₹21.6 crore during Q2 FY27, resulting in reduction in PAT of ₹4.2 crore at consolidated level
  • For half year ended Sep 2026, IND-AS impact was ₹27.1 crore in notional increase in depreciation and finance costs

ICONIQA Mumbai Performance

  • 292 keys hotel leased by Royal Orchid Mumbai Pvt Ltd
  • Quarterly revenue increased from ₹320 lakh pre-launch to ₹2,091 lakh in Q2 FY27 (6.5x growth)
  • EBITDA swing: -₹141.7 lakh (Q2 FY26) to +₹2730.4 lakh (Q2 FY27)
  • GOP in Q2 FY27: ₹1,017 lakh at 49% margin (vs -₹101 lakh at pre-launch)
  • Term-loan principal repayment: ₹651 lakh repaid in each of the five quarters from cash on hand
  • Total repayment: ₹2,721 lakh since first installment in Q1 FY26
  • Quarterly lease rent: ₹792 lakh each quarter

RO Resorts Bangalore Performance

  • 82 keys property
  • Q2 FY27 Performance vs Q2 FY26:
  • Room revenue: ₹422 lakh (vs ₹271 lakh, +55.7%)
  • Total revenue: ₹1,178 lakh (vs ₹847 lakh, +39.0%)
  • EBITDA: ₹220 lakh (vs ₹81 lakh, +170.9%)
  • Net profit: ₹156 lakh (vs ₹41 lakh, +278%)
  • Net margin: 13% (vs 5%)
  • Premium rooms and cottages lifted ADR in each of the last five quarters
  • Occupancy decreased by 9 percentage points but revenue rose 39% on rate and F&B (+51%)

Operational Metrics

  • Average Occupancy (Owned): 67.8% in Q2 FY27 (vs 67.0% in Q2 FY26)
  • Average Room Rate (Owned): ₹6,209 in Q2 FY27 (vs ₹5,479 in Q2 FY26)
  • Average Occupancy (Managed Portfolio): 55.9% in Q2 FY27 (vs 54.0% in Q2 FY26)
  • Average Room Rate (Managed Portfolio): ₹3,709 in Q2 FY27 (vs ₹3,552 in Q2 FY26)
  • Total Number of Guests: 325,207 with 90.6% domestic guests

New Hotels Added in Q2 FY27

1. Laxminarayan Palace & Resort, Vadodara: 106 keys (Revenue Share model)

2. Regenta, Hubballi: 116 keys (Managed model)

3. Regenta Place, Baddi: 43 keys (Managed model)

4. Regenta, Bhadohi: 56 keys (Managed model)

5. Regenta Magnus, Pune: 105 keys (Franchise model)

Total keys added: 426

Upcoming Hotels Pipeline

50 hotels with approximately 3,000+ keys in various stages of development across multiple brands (Regenta, ICONIQA, Crestoria, Hampten) in locations including Visakhapatnam, Coorg, Mussoorie, Udaipur, Goa, Lucknow, and others.

Asset Portfolio Mix (as on date)

  • Total Operational Keys: 7,945
  • Owned: 403 keys
  • Leased: 1,145 keys
  • JV: 221 keys
  • Managed/Franchise: 6,176 keys
  • Category Breakdown:
  • 5 star: 992 keys
  • 4 star: 2,862 keys
  • Service apartment: 186 keys
  • Resort/heritage/MICE: 1,444 keys
  • 3 star/budget: 2,461 keys

Cost Structure Analysis

  • Raw Material Costs as % of F&B Revenue: 27.7% in H1 FY27 (vs 28.5% in H1 FY26)
  • Payroll Costs as % of Revenue: 26.7% in H1 FY27 (vs 29.6% in H1 FY26)
  • Other Operating Costs as % of Revenue: 41.1% in H1 FY27 (vs 40.3% in H1 FY26)

Management Structure

  • Chairman & Managing Director: Mr. Chander K Baljee
  • Chief Financial Officer: Mr. Amit Jaiswal
  • Executive Director: Mr. Keshav Baljee
  • President: Mr. Arjun Baljee
  • Compliance Officer & Company Secretary: Ms. Suman Sakleshpur

Website and Investor Relations

  • Company website: http://www.royalorchidhotels.com/investors
  • Investor Relations contact: KAPTIFY Consulting (contact@kaptify.in)