BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Oriental Hotels Ltd. operates in south India with Indian Hotels Company Ltd. being one of the promoter entities.
The company owns and operates seven hotels with ~820 rooms across business and leisure locations in south.
It derives majority of revenues from two of its properties in Chennai-
- Taj Coromandel
- Taj – Fisherman’s Cove.
After witnessing Covid-19 induced severe financial strain in H1 FY21, the company achieved operational breakeven performance in H2 FY21 despite a marginal pick-up in revenues.
The same was attained via slew of measures undertaken by the company to become more efficient and linear in terms of costs in the Covid era.
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