Oriental Hotels - On The Road To Recovery: ICICI Direct

Taj Coromandel, Chennai, Oriental Hotels Ltd. (Source Company website).

Oriental Hotels - On The Road To Recovery: ICICI Direct

Bookmark

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.

Click on the attachment to read the full report:

ICICI Direct Oriental Hotels Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.