Oriental Hotels LimitedQ2 FY 2026-2027 Results & Financial Update
Oriental Hotels Limited: Q2 FY 2026-2027 consolidated results and company financials – revenue ₹117.00 Cr, PAT ₹12.00 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Oriental Hotels Q2 FY 2026-2027 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Oriental Hotels Limited reported operating revenue of INR 117 crore for the second quarter ended September 30, 2026, marking an increase compared to INR 110 crore recorded in the corresponding period of the previous year.
The top-line performance during the quarter was underpinned by a 9 percent year-on-year growth in Revenue Per Available Room (RevPAR) across the portfolio.
Operating EBITDA for Q2 FY27 stood at INR 27 crore, compared to INR 26 crore in the same quarter of the preceding financial year.
Profit After Tax (PAT) for the quarter was reported at INR 12 crore, compared to INR 13 crore in Q2 FY26, reflecting the impact of operating cost dynamics and other below-EBITDA movements.
For the first half of the financial year (H1 FY27), the company achieved an aggregate operating revenue of INR 228 crore and an operating EBITDA of INR 50 crore.
H1 FY27 Profit After Tax stood at INR 23 crore, representing a 10 percent growth over the INR 21 crore reported in H1 FY25-26.
Management highlighted that ongoing asset upgradation across the OHL portfolio has positioned the business to capture robust demand in upcoming quarters.
Oriental Hotels Limited reported operating revenue of INR 117 crores for the second quarter of FY27, representing a top-line expansion of approximately 6.36% compared to INR 110 crores recorded in the corresponding period of the previous fiscal year.
01 · Business model
What does Oriental Hotels do?
Oriental Hotels Limited (OHL) is an associate company of The Indian Hotels Company Limited (IHCL) operating in the hospitality and hotel sector.
The company's portfolio comprises seven distinct hotel properties located across South India, offering luxury and upscale accommodation experiences.
Key operating assets in the portfolio include Taj Coromandel in Chennai, Taj Fisherman’s Cove Resort & Spa in Chennai, Taj Malabar Resort & Spa in Cochin, Vivanta Coimbatore, Vivanta Mangalore, Gateway Madurai, and Gateway Coonoor.
Revenue is primarily generated through room nights, food and beverage services, banqueting, and related hospitality offerings across its branded properties.
02 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q2 FY 2026-2027 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹117.00 Cr | ₹110.00 Cr | ₹111.48 Cr |
| Profit after tax | ₹12.00 Cr | ₹13.00 Cr | ₹5.30 Cr |
Financial interpretation
What the reported numbers mean
Profit after tax represented 10.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Operating revenue expansion to INR 117 crore in Q2 FY27 was driven by a 9 percent year-on-year growth in Revenue Per Available Room (RevPAR).
H1 FY27 operating revenue reached INR 228 crore compared to INR 217 crore in H1 FY26, supported by steady hospitality demand.
Operating revenue of INR 117 crores was primarily driven by a 9% year-on-year growth in Revenue Per Available Room across the portfolio.
What drove margins
Operating EBITDA reached INR 27 crore for Q2 FY27, resulting in an operating margin of approximately 23.08 percent, compared to INR 26 crore (operating margin of 23.64 percent) in Q2 FY26.
Operating EBITDA reached INR 27 crores, yielding an operating margin of approximately 23.08% for the quarter.
04 · Segments, products & geography
Which parts of the business are doing the work
Geography and market mix
The company operates seven hotels situated across key destinations in South India, including Chennai, Cochin, Coimbatore, Mangalore, Madurai, and Coonoor.
05 · Capacity, projects & execution
What is being built, commissioned or delivered
Projects, capex and execution
Management noted that key asset upgradation work has been executed across the OHL portfolio to strengthen operational readiness.
06 · Strategy & new businesses
How the company is trying to change its growth mix
Three of the company's properties are branded under IHCL's Taj brand, benefiting from IHCL's brand equity, with Taj ranked as India's Strongest Brand 2026 and World's Strongest Luxury Hotel Brand 2026 by Brand Finance-UK.
In alignment with IHCL’s ESG+ framework of Paathya, renewable energy consumption across OHL hotels reached 61%.
07 · Reported developments
What changed operationally
Achieved a 9 percent year-on-year growth in RevPAR during Q2 FY27, supporting top-line growth to INR 117 crore.
First-half PAT increased by 10 percent year-on-year to INR 23 crore.
Renewable energy consumption across OHL properties stood at 61 percent, reflecting progress on the Paathya ESG framework.
For the first half of FY 2026-2027, cumulative PAT grew to INR 23 crores compared to INR 21 crores in H1 FY26.
08 · Pressure points & risks
What is not going smoothly
Quarterly PAT for Q2 FY27 moderated slightly to INR 12 crore from INR 13 crore in the corresponding quarter of the previous year.
09 · Management guidance & targets
What management is targeting from here
Pramod Ranjan, Managing Director & CEO, stated that enabled by key asset upgradations, the company is well positioned to deliver a strong performance in the coming quarters.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Brand Portfolio Alignment
The company operates seven key properties associated with IHCL, spanning luxury resorts and business hotels in southern India.
11 · Previous-quarter changes
What changed since the previous quarter
PAT rose sequentially from INR 5.3 crores in Q1 FY27 to INR 12 crores in Q2 FY27, while operating revenue advanced from INR 111.48 crores.
12 · Key Q&A
The quarter, answered directly
What does Oriental Hotels do?
Oriental Hotels Limited (OHL) is an associate company of The Indian Hotels Company Limited (IHCL) operating in the hospitality and hotel sector.
What is the clearest takeaway from Q2 FY 2026-2027?
Oriental Hotels Limited reported operating revenue of INR 117 crore for the second quarter ended September 30, 2026, marking an increase compared to INR 110 crore recorded in the corresponding period of the previous year.
What drove revenue or demand?
Operating revenue expansion to INR 117 crore in Q2 FY27 was driven by a 9 percent year-on-year growth in Revenue Per Available Room (RevPAR).
What mattered most for margins or profitability?
Operating EBITDA reached INR 27 crore for Q2 FY27, resulting in an operating margin of approximately 23.08 percent, compared to INR 26 crore (operating margin of 23.64 percent) in Q2 FY26.
What changed operationally beyond the headline numbers?
Management noted that key asset upgradation work has been executed across the OHL portfolio to strengthen operational readiness.
What is management guiding or targeting from here?
Pramod Ranjan, Managing Director & CEO, stated that enabled by key asset upgradations, the company is well positioned to deliver a strong performance in the coming quarters.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Portfolio Performance: Monitor subsequent quarterly operating revenue and RevPAR trends across the seven South Indian properties.
- 02
Upgraded Asset Utilization: Observe the translation of completed asset upgradations into sustained operating EBITDA and margin expansion.
- 03
Portfolio Performance: Execution and yield impact following the completion of key asset upgradation projects across OHL hotels.
- 04
Sustainability Targets: Further progress on renewable energy consumption milestones under the Paathya ESG+ framework.
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