Royal Orchid reports net loss of Rs 8.16 crore in Q2

Royal Orchid Hotels has reported results for second quarter ended September 30, 2012.

The company has reported a net loss of Rs 8.16 crore for the quarter ended September 30, 2012 as compared to a net loss of Rs 0.17 crore for the same quarter in the previous year. Total income from operation of the company has increased by 14.18% at Rs 24.07 crore for quarter under review as compared to Rs 21.08 crore for the quarter ended September 30, 2011.

Royal Orchid Hotels, is the flagship of the entity of Royal Orchid Group of Hotels, operates 13 business and leisure hotels in six popular destinations. With 17 unique hospitality concepts in the offing, the Royal Orchid Group of Hotels is amongst India’s fastest growing hotel groups.