• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Equity | News | Hot Pursuit
Hot Pursuit
Royal Orchid Hotel gains on launching 5 new properties
(12:04, 15 Sep 2021)
The company said its five new properties include two hotels under the brand Regenta Inn, one under the brand Regenta Central, one under the brand Regenta place and one under the brand Regenta Resort.

These hotels were opened in various destination across India. Two hotels in Amritsar, one in Sampbalpur and one in Somnath. The group also opened one leisure property in a tourist-intensive and high-demand area of Kabini in Karnataka.

The new hotels launched in Amritsar, Somnath and Sambalpur will help fortify the group's position as one of the leaders in the corporate business market, the company said in a statement.

Commenting on the new launches, Chander K. Baljee, chairman & managing director said, Despite several challenges and volatility faced during the last 16 month, Royal Orchid Hotels has been growing from strength to strength. The addition of 5 new hotels into our group will further bolster our portfolio, add revenues and increase profitability in the years to come. We remain steadfast and focused on our goal to reach the milestone of 100 hotels by the end of 2022. I'm confident that in the months and years to come we will continue to grow at a phenomenal rate and reach greater heights.

Royal Orchid Hotels reported net loss of Rs 8.52 crore in Q1 June 2021, lower than net loss of Rs 13.89 crore in Q1 June 2020. Net sales rose 240.28% to Rs 14.36 crore in Q1 June 2021 over Q1 June 2020.

Royal Orchid & Regenta Hotels is one of India's fastest-growing hotel chains. It primarily operates 5 and 4-star hotels, enabling it to target the discerning business and leisure travellers. It currently operates 70 hotels across India.

Powered by Capital Market - Live News

DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries