Q3 2026 Royal Orchid Hotels Ltd Earnings Call Transcript
Key Points
- Royal Orchid Hotels Ltd (BOM:532699) reported a strong consolidated performance with a 26.6% year-on-year growth in income from operations and a 45% surge in room revenue.
- The company achieved a significant milestone of 10,700 keys across 168-plus hotels, with 47-plus hotels in the pipeline, aligning with its asset-light strategy.
- Iconiqa Mumbai, a new property, generated INR17.4 crores in income within its initial months and was ranked number one on Tripadvisor in Mumbai.
- The company is on track to achieve its Vision 2030, aiming to become a technology-driven, asset-light hospitality powerhouse.
- Royal Orchid Hotels Ltd (BOM:532699) is focusing on delivering exceptional guest experiences and creating sustainable long-term value for stakeholders.
- The company's EPS dropped by 40% year-on-year, attributed to the IndAS 116 accounting impact and pre-operating expenses at Iconiqa.
- Iconiqa was not profitable in the current quarter due to pre-operating expenses and delayed bar license, impacting financial results.
- The company faces inherent risks with revenue-sharing models, which may not always be more profitable than management contracts.
- There is uncertainty regarding the timeline for the execution of 47 signed hotels, with expectations ranging from 1 to 1.5 years.
- The company is still evaluating how to utilize funds from a subsidiary sale, with no clear decision on debt repayment or growth investments.
Ladies and gentlemen, on behalf of Kaptify Consulting Investor Relations team, I welcome you all to the Q3 and nine months post earnings conference call of Royal Orchid Hotels Limited. Today on the call from the management team, we have with us Mr. Chander Baljee, Chairman and Managing Director; Mr. Arjun Baljee, President; Mr. Keshav Baljee; and Mr. Amit Jaiswal Chief Financial Officer.
As a disclaimer, I would like to inform all of you that this call may contain forward-looking statements, which may involve risks and uncertainties. Also, a reminder that this call is being recorded. I would now request the management to brief us about the business and performance highlights for the period ended December 2025, the growth perspective and vision for the coming year, post which we will open the floor for Q&A.
Over to the management team.
Good evening. A very warm welcome to all our investors, partners and
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