Oriental Hotels Q1 FY27 Results (NSE: ORIENTHOT)
Signal: Margin pressure
The read
Consolidated PAT declined 20% YoY as a surge in JV loss (₹440 L vs ₹306 L) offset modest revenue growth and lower finance costs; standalone profit rose 30% but was boosted by extraordinary other income.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹111.48 Cr | 3.6% | -18.1% |
| Net profit | ₹5.3 Cr | -20.1% | |
| EPS | ₹0.3 | ||
| EBIT margin | 21.9% |
P&L walk
Consolidated net profit declined 20% YoY driven by a sharp increase in JV loss (₹440 L vs ₹306 L) despite 3.6% revenue growth and 21.9% EBITDA margin.
Key positives
- Revenue grew 3.6% YoY in a seasonally weak Q1
- Finance cost declined 33% YoY due to lower debt
- Standalone PAT rose 30% YoY (though aided by other income)
Key concerns
- JV loss widened to ₹440 L from ₹306 L, dragging consolidated profit
- Other income spike in standalone is not sustainable (₹360 L vs ₹29 L)
- EBITDA margin contracted 210bps YoY on cost pressures
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