Oriental Hotels Limited (OHL) reported a 20% decline in its consolidated net profit for the first quarter of FY2027, even as the company recorded steady growth in revenue during the period.

According to the company's stock exchange filing, net profit stood at ₹5.3 crore for the April-June quarter, compared to ₹6.6 crore in the corresponding quarter of the previous financial year.

Despite the decline in profit, revenue from operations increased 3% year-on-year to ₹111 crore, up from ₹108 crore reported in Q1 FY2026.

Following the earnings announcement, Oriental Hotels' shares came under pressure, falling nearly 6% during the trading session. The stock dropped to an intraday low of ₹125 after touching a high of ₹136.40 earlier in the day. It later recovered some of the losses and closed at ₹130.60 on the Bombay Stock Exchange (BSE), down ₹2.85 or 2.14%.

The company's stock currently trades below its 52-week high of ₹169, while its 52-week low stands at ₹80.50. Oriental Hotels has a market capitalisation of around ₹2,311 crore.

Commenting on the quarterly performance, Pramod Ranjan, Managing Director & CEO, Oriental Hotels Limited, said:

"OHL in the first quarter of FY2027 reported a steady performance with a EBITDA of Rs 26.6 crores. With extensive asset enhancement initiatives across the OHL portfolio and continued strength in domestic demand, the company is well-positioned to deliver a sustained performance in the quarters ahead."

An associate company of The Indian Hotels Company Limited (IHCL), Oriental Hotels operates a portfolio of seven properties, including Taj Coromandel, Chennai; Taj Fisherman's Cove Resort & Spa, Chennai; Taj Malabar Resort & Spa, Cochin; Vivanta Coimbatore; Vivanta Mangalore; Gateway Madurai; and Gateway Coonoor.