Royal Orchid Hotels Approves Q4 and FY24 Results Amid Audit Qualifications

Royal Orchid Hotels Approves Q4 and FY24 Results Amid Audit Qualifications​

Royal Orchid Hotels Limited announced the approval of its Audited Standalone and Consolidated Financial Results for the fourth quarter and year ended March 31, 2026. The Board of Directors approved the results on May 25, 2026. The announcement also included a statement detailing the impact of audit qualifications related to ongoing litigation.

Standalone Financial Performance​

The Standalone financial statement data for the year ended March 31, 2026, showed Total income of 21,289.77 and Total Expenditure of 18,701.19. The Net Profit After Tax was reported at 3,408.28, resulting in Earnings Per Share of 12.43. The company’s Net Worth stood at 27,754.89, while Total Assets were 49,640.18 and Total Liabilities were 21,885.29.

Key Standalone Financial Metrics (in applicable units):

Consolidated Financial Performance​

Consolidated results showed a Total income of 40,643.17 and Total Expenditure of 37,022.36. The Net Profit after tax was 3,332.74, leading to Earnings Per Share of 11.74. The consolidated Net Worth was 27,555.34, with Total Assets reaching 1,04,164.92 and Total Liabilities amounting to 76,609.58.

Key Consolidated Financial Metrics (in applicable units):

Details of Audit Qualification​

For both the Standalone and Consolidated results, the auditors issued a Qualified Opinion regarding legal compliance.

The qualifications stem from ongoing litigation involving Ksheer Sagar Developers Private Limited (KSDPL), an associate of the Group. In the standalone audit report, the qualification concerns certain allegations raised by shareholders of KSDPL under Sections 241 and 242 of the Act. Similarly, the consolidated report cites the ongoing dispute between shareholders of KSDPL before the National Company Law Tribunal (NCLT) regarding allegations against the Holding Company.

In both cases, the auditors stated that because the outcome of the litigation is presently unascertainable and involves inconsistent legal assessment regarding KSDPL's status under the Act, they are unable to comment on the legal compliance by KSDPL with respect to the applicable provisions and its consequential impact on the financial statements.

Management noted that the likely financial impact, if any, will only be known upon the final adjudication of the ongoing litigation by the NCLT.

Amit Jaiswal, Chief Financial Officer, and Chander K Baljee, Managing Director, signed the statement on May 25, 2026.

ROHLTD Stock Price Movement​

Today, Royal Orchid Hotels Limited shares edged higher, closing at ₹339.6, representing a gain of 0.33% for the day. The stock settled on a total traded volume of 14,873 shares during the session.