Oriental Hotels-Anyone Wants A Hotel? A PE of 11, Dividend of Rs 10.

Oriental Hotels-A Panoramic View Of The Southern Archway
BSE 500314, CMP Rs 270

The Tata's Taj Group owned Oriental Hotels Ltd has informed BSE that the Board
of Directors of the Company at its meeting held on May 27, 2008, inter alia, has
recommended a dividend of Rs 10.5 (105%) per equity share for the financial year
ended March 31, 2008.

The Total Income for the year ended March 31, 2008 increased by 13% over the
corresponding period in the preceding year. Consequently, Profit before Tax and
after Tax increased by 14% and 15% respectively over the previous year.

These results were achieved despite the major renovation programme under
execution in Taj Coromandel in which 68 rooms (previous year 66 rooms) were not
in operation during the year. Further, the Patio Restaurant was under renovation
which has since reopened as "Prego".

Staff Cost includes a provision for retirement benefits of Rs 34.90 million
(previous year Rs 8.30 million) in accordance with Accounting Standard 15
"Employee Benefits" issued by The Institute of Chartered Accounts of India.

Consolidation Structure

-Taj Lanka Resorts owned 23.08 per cent, owns Taj Exotica, Bentota
-Taj Madurai Ltd owned 26 per cent , owns TGR Madurai
-Taj Karnataka Hotel & Resorts Ltd owned 30 per cent,TGR Chigmaglur
-Prestige Garden Resorts (P) Ltd owned 50 per cent, Land in Bangalore for
development.
-Taj Asia owned 21.74 per cent- Owns Hotels in Maldives and Sri Lanka
-OHL International (HK Limited)- 100 per cent subsidiary, owns 10.61% in St.
James Court, London.

Renovations
Taj Coromandel – Rs 45 crores
-Plans to renovate rooms over a 3 year cycle
-66 rooms already renovated in 2006/07
-Another 66 rooms renovated in 2007/08 and the balance in 2008-09.
-Restaurants-The Patio, Match Point, Golden Dragon under renovation.
-3 storey Restaurant Complex in adjacent property having a Lounge
Bar & varying cuisines.

Expansion Plans
Fisherman’s Cove, Chennai – Rs 35 crores
-Additional 64 room block

Bangalore – Rs 70 crores
-200 room Gateway Hotel at Bennarghatta, Bangalore. In market by December
2009.

-9 Acres of land at Devanhalli, Bangalore through a Joint Venture Company.
Developing the business plan for a high end Luxury Hotel / Convention centre.

Standalone Result
Scrip Code : 500314 Company Name : Oriental Hotels Ltd

riental Hotels net profit rises 1.68% in the March 2008 quarter

Sales rise 10.53% to Rs 68.13 crore

Net profit of Oriental Hotels rose 1.68% to Rs 15.75 crore in the quarter
ended March 2008 as against Rs 15.49 crore during the previous quarter ended
March 2007. Sales rose 10.53% to Rs 68.13 crore in the quarter ended March
2008 as against Rs 61.64 crore during the previous quarter ended March 2007.

For the full year, net profit rose 14.69% to Rs 43.49 crore in the year
ended March 2008 as against Rs 37.92 crore during the previous year ended
March 2007. Sales rose 12.66% to Rs 215.90 crore in the year ended March
2008 as against Rs 191.64 crore during the previous year ended March 2007.