A total of 59,122 shares were traded on the BSE.

The scrip had been southbound since its debut on the BSE on 6 February. From Rs 231.20 on 6 February, the scrip dipped to a low of Rs 179.10 on 9 March. Thereafter, it appreciated to Rs 216.25 on 3 April only to depreciate to a low of Rs 99.90 on 9 June 2006 in a weak market.

Royal Orchid Hotels has reported a net profit of Rs 7.88 crore for the fourth quarter ended March 2006, on net sales of Rs 19.12 crore. Comparable figures for the previous year were not available. However, the results showed that Q4 March 2006 net profit was slightly lower than the net profit it had achieved in six months period April-September 2005. The company had made a net profit of Rs 8.38 crore in the first six month period April-September 2005, on revenue of Rs 34.99 crore.

The company has also set a dividend of Rs 5 per share.

The company had in April acquired 51% shareholding in Maruti Comforts and Inn, Bangalore, for Rs 5.88 crore. Maruti Comforts and Inn owns a luxurious resort in Bangalore.

The company has also executed a lease agreement with Jungle Lodges and Resorts for the management of 'Hotel Krishna Raja Sagar' situated near Mysore, Karnataka.

Earlier in April, the company announced that it plans to enter the Jaipur market with the opening of the 70 room Royal Orchid Central Jaipur in December 2006. The hotel will be located on Jaisingh highway.

The company has four hotels - Hotel Royal Orchid, Royal Orchid Central and Royal Orchid Harsha in Bangalore and Royal Orchid Metropole in Mysore. The company is planning an expansion into other Indian cities like Mumbai, Delhi, Pune and Hyderabad through joint ventures, management contracts, leasing or setting up of its own properties. It was to support this expansion plans that the company went public recently.