India's Oriental Hotels jumps on rise in Q3 earnings

Oriental Hotels

23/01/2023 08:45

** Shares of Oriental Hotels  ORHT.NS  rise as much as
5.97%, to 73.70 rupees, highest in over three weeks
    ** Co's consolidated third-quarter net profit more than
doubles to 149.8 mln rupees from 74 mln rupees a year earlier
    ** Co also reports rise in consolidated revenue and core
profit in Dec quarter, while core profit margins expanded to
30.54% from 25.9%
    ** Trading volume is 1.17 mln shares, as of 2:01 p.m. IST,
1.2x the 30-day avg of 941,384 shares: Refinitiv data
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))