Oriental Hotels Q2 Results Live: Profit Rises by 30.66% YoY

Oriental Hotels Q2 Results Live : Oriental Hotels declared their Q2 results on October 14, 2024, reporting a significant topline increase of 13.48% year-over-year and a profit surge of 30.66%. The results reflect a robust performance in the hospitality sector, driven by a rebound in travel and tourism.

In comparison to the previous quarter, the company's revenue experienced a remarkable growth of 26.02%, while profit skyrocketed by an astounding 522.96%. These figures underscore the company's effective strategies and operational efficiencies during this quarter.

However, the Selling, General & Administrative expenses saw a slight uptick of 1.44% quarter-over-quarter and an increase of 8.87% year-over-year, indicating a rise in operational costs that the company is managing amidst its growth.

The operating income also displayed impressive figures, up by 237.73% quarter-over-quarter and 18.59% year-over-year, highlighting the company's strong operational performance.

Earnings per share (EPS) stood at ₹0.32 for Q2, marking a 33.33% increase year-over-year, which reflects the enhanced profitability and shareholder value.

Over the past week, Oriental Hotels has delivered a return of 5.18%, while the last six months have seen an impressive 31.99% return. Year-to-date, the stock has soared by 46.2%, indicating strong investor confidence.

Currently, Oriental Hotels has a market capitalization of ₹3189.42 Crores, with a 52-week high of ₹192.2 and a low of ₹91.3, showcasing its stability and growth potential in the market.