New Delhi: Oriental Hotels Limited on Monday reported a consolidated net profit of Rs 7.4 crore for the third quarter ended December 31, 2021.
Oriental Hotels Ltd said in a regulatory filing that the company had reported a consolidated net loss of Rs 7.62 crore in the same period last fiscal.
Consolidated revenue from operations stood at Rs 76.3 crore in the third quarter as against Rs 43.02 crore in the same period a year ago.
The total expenditure stood at Rs 68.95 crore as compared to Rs 54.26 crore in the corresponding quarter of the previous fiscal.
Business has been affected during the nine-month period ended December 31, 2021 due to COVID-19 and during the first three months of the year, it saw soft revenue due to second wave of pandemic and subsequent lockdown at many places. , the company said.
“However, during the second and current quarters of the year, the Group saw a positive and sharp improvement in demand, particularly in leisure destinations,” it added.
The fourth quarter has started with the third wave of COVID-19 and the group is closely monitoring the situation, the company said.
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