Oriental Hotels Q1 net profit slides 20% to Rs 5.3 crore despite revenue uptick
The IHCL associate, which runs seven Taj, Vivanta and Gateway properties across Chennai, Cochin, Coimbatore and other cities, posted Q1 FY27 net profit down 20% YoY to Rs 5.3 crore even as revenue grew 3% to Rs 111 crore. EBITDA stood at Rs 26.6 crore. Shares fell nearly 6% intraday on the results.
Oriental Hotels, an IHCL associate operating seven Taj/Vivanta/Gateway properties, reported Q1 FY27 net profit down 20% to Rs 5.3 crore despite 3% revenue growth to Rs 111 crore; shares fell nearly 6% on results.
Why this matters
Oriental Hotels, an IHCL associate running seven Taj, Vivanta and Gateway hotels, saw margins squeezed as revenue growth of 3% failed to offset a 20% profit drop, sending shares down nearly 6%.
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