• For the quarter ended December 2006, ROHL reported 30% growth in the consolidated revenues to Rs 28.26 crore. The operating margins dipped by 170 basis points to 43.2% on the back of 250 basis points increase in other expenditure, 90 basis points increase in staff cost, the resultant operating profits increased by 25% to Rs 12.20 crore. Other Income for the quarter stood at Rs 2.78 crore against Rs 44 lakh in the corresponding previous quarter. Interest cost for the quarter was at Rs 73 lakh up 80% & depreciation cost at Rs 1.46 crore up 81%. Tax provision including current tax, deferred tax & FBT increased by 33% to Rs 3.07 crore. PAT before minority interest grew by 45% to Rs 9.72 crore. Minority interest for the quarter was up by 63% to Rs 70 lakh. PAT after minority interest stood at Rs 9.02 crore up by 44%.

• For the nine months, ROHL reported 41% growth in the consolidated revenues to Rs 79.81 crore with OPM dipping by 280 basis points to 39.4% resulting in operating profit growth of 31% to Rs 31.47 crore. The reported net profit for the period grew by 67% to Rs 24.80 crore.

• In the December quarter, there was a drop in occupancies in mainly due to renovations carried put for upgradation, also due to the service apartments coming up in Bangalore.

• The property in Jaipur Royal Orchid Central with 70 rooms has had a soft opening and will commence from February 1, 2007 through its 100% subsidiary.

• The Mysore heritage property Royal Orchid Brindavan Garden with 25 rooms will also come up within 15 days, which is owned by the company.

• In June 2007 quarter, the property at Pune Royal Orchid Central with 120 rooms will become operational through its 100% subsidiary on lease with minimum guarantee.

• Royal Orchid Central, Hyderabad with 70 rooms will come up through 51% subsidiary, which would come up by March 2007.

• The company has planned for a 100 rooms 5 star hotel in Bangalore with a capex of Rs 30 crore. The hotel would be operational in one & a half years from March 2007.

• Other Income of the company includes interest on IPO funds.

• The debt of the company as of December 31, 2006 is about Rs 20 crore. This amount is likely to go up once the expansion plans crystallize. Cash Balance is Rs 100 crore.

• ROHL has signed an agreement with Ramada that would be structured as a management contract. The company has paid US$ 200,000 on signing of the agreement. The agreement includes set up 1,000 rooms in 5 years.

• In Delhi the company has signed up a property, which will be ready within 2 years on revenue sharing & minimum guarantee.

• ROHL has also entered into a management a service apartment of 62 rooms, which would come up in a month time.

• ROHL has also tied up with Konkan Railway to set up a 60-room hotel at Madgaon, which would come up in 2 years from now. The capex would be Rs 20 crore and the lease rent for the land would be Rs 15 lakh.

• The management believes that the current OPM level of 43-44% is sustainable going forward.

• The tax rate for the year would be at 24-25% level.

Occupancies & ARRs