Impressive Surge: Oriental Hotels’ Net Profit Skyrockets by 30.66% in September 2024 Quarter | Capital Market Insights
Oriental Hotels has reported a robust financial performance for the quarter ending September 2024. The company experienced a 13.48% increase in sales, reaching Rs 103.30 crore, compared to Rs 91.03 crore during the same period in 2023. Furthermore, the net profit soared by 30.66% to Rs 5.71 crore from Rs 4.37 crore in the previous year’s quarter.
The operating profit margin (OPM) improved marginally to 23.99%, up from 22.03% in the previous year. Profits before depreciation and taxes (PBDT) also witnessed a significant rise, recording a 19% increase to Rs 20.75 crore, while profits before tax (PBT) climbed 10% to Rs 12.62 crore in the quarter under review.
These impressive figures indicate a strong upward trajectory for Oriental Hotels, reflecting successful management strategies and favorable market conditions. The company’s solid performance in profitability and sales growth positions it well for future prospects.
Original Story https://www.business-standard.com/markets/capital-market-news/oriental-hotels-consolidated-net-profit-rises-30-66-in-the-september-2024-quarter-124101400415_1.html
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