Royal Orchid Hotels Ltd Q2 FY23 Earnings Call Analysis

The transcript does not explicitly mention current or expected orderbook or pending orders for Royal Orchid Hotels Limited. However, relevant growth and expansion details include: - As of the call, Royal Orchid is operating 94 hotels with around 5,600 rooms. - They plan to add about 1,000 rooms by March 2024, targeting 6,500 rooms by FY24-end. - Next year, they aim to add 1,500 rooms to reach 8,000 rooms by March 2025. - Ambition to operate 100 hotels soon, possibly by October-November 2023. - They opened 13 new hotels with 755 keys in the quarter, including their first international hotel in Sri Lanka. - Expansion includes owned properties, management contracts, and revenue-sharing hotels. - Room additions and hotel openings hinge on obtaining timely permissions, which can be a challenge (e.g., Goa and Yelahanka resort projects facing delays). - Focus on operational efficiency and professional management under new COO Philip Logan to support growth. No explicit order backlog or pending project pipeline details are provided.

- Expansion of resorts in Bangalore and Goa planned this year, involving some capex funded through internal cash generation. - Renovation or "upliftment" of some owned hotels' rooms ongoing to increase average room rates, with limited capex. - Icon Property: Planning to acquire remaining 49% stake (currently hold 51%), no additional capex indicated but internal accruals and short-term promoter loan involved. - Resort property at Yelahanka: Permission issues underway; plans include adding 32 cottages in the future. - Revenue sharing hotel model involves minimal capex, primarily focused on management team strengthening. - Overall, no major capital raise or increase in debt anticipated for capex in near term; internal accruals and cash reserves will cover investments. (Answer based on pages 9, 11, 14, and 15 of the transcript.)