Latest news with #EIH
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Business Standard
06-08-2025
- Business
- Business Standard
EIH to open four hotels to expand presence in India's leisure market
East India Hotels (EIH), part of the Oberoi Group, will add four new hotel projects under management contracts in Goa, Bengaluru, Gujarat, and Hyderabad to strengthen its presence in key leisure and urban destinations. The company will expand through its Oberoi and Trident brands for the new hotels, it said in a release to the stock exchanges. The new properties include The Oberoi, Gir — a 20-key Oberoi luxury wildlife retreat located near Gir National Park; The Oberoi, Hyderabad — a 220-key luxury hotel; Trident, Nandi Hills — a 150-key Trident hotel in Bengaluru; and Trident, Fort Aguada — a 170-key Trident hotel near the 17th-century Fort Aguada in Goa. As announced at the company's annual general meeting (AGM), EIH also plans to strengthen its luxury portfolio with the launch of The Oberoi Rajgarh Palace, Khajuraho, and two Oberoi Nile Dahabeyas this year. 'Our growth trajectory is driven by a clear strategic focus: expanding into high-potential markets, delivering authentic and memorable guest experiences, and upholding the service philosophy that defines The Oberoi Group,' Arjun Oberoi, executive chairman, The Oberoi Group, said in the release. The company said these projects are part of its development pipeline of 25 properties scheduled for completion by 2030. Of these, eight hotels will be owned or jointly invested in and operated by the company, while 14 will be run under management contracts, along with two Dahabeyas (a type of sailboat) and one Nile cruise. Of the 25, 16 hotels will be in India, and nine will be overseas in locations including London, Egypt, Bhutan, Nepal, and Saudi Arabia, according to the release. On completion, 18 hotels will operate under the Oberoi brand and seven under the Trident brand, adding 2,033 keys to the portfolio. Currently, EIH has 30 owned and managed hotel properties across six countries, according to its website. Vikram Oberoi, chief executive officer, The Oberoi Group, said the company's development strategy is shaped by deep consumer insight, a sharp understanding of market dynamics, and a long-term vision.
Business Standard
06-08-2025
- Business
- Business Standard
EIH consolidated net profit declines 63.27% in the June 2025 quarter
Sales rise 8.93% to Rs 573.58 crore Net profit of EIH declined 63.27% to Rs 33.86 crore in the quarter ended June 2025 as against Rs 92.19 crore during the previous quarter ended June 2024. Sales rose 8.93% to Rs 573.58 crore in the quarter ended June 2025 as against Rs 526.54 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 573.58526.54 9 OPM % 27.8625.61 - PBDT 198.03169.04 17 PBT 164.67135.66 21 NP 33.8692.19 -63
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Business Standard
05-08-2025
- Business
- Business Standard
EIH Q1 net profit declines 63.3% to ₹33.9 crore on exceptional loss
East India Hotels (EIH), the operator of the Oberoi group of hotels, reported a 63.3 per cent year-on-year (Y-o-Y) decline in consolidated net profit to Rs 33.9 crore in the April–June quarter of FY26. The decline was due to an exceptional loss of Rs 110.49 crore recorded during the quarter. The company's exceptional items included derecognition of property, plant and equipment at The Oberoi Grand, Kolkata, owing to the hotel's closure for major renovation during the quarter and year ended 31 March, amounting to Rs 9.95 crore. It also reported an impairment loss of Rs 10.05 crore related to its hotel project in Tirupati. Additionally, EIH noted a loss of Rs 128.21 crore on its investment in Mashobra Resort, which remained a subsidiary until March 2025. The company's revenue from operations rose by 8.9 per cent to Rs 573.6 crore in Q1FY26 compared to the same quarter last year. EIH, which operates 19 hotels across six countries, saw its profit before interest, depreciation and tax (PBIDT) increase by 17.4 per cent to Rs 203.9 crore in the quarter ended 30 June on a Y-o-Y basis. The company's other income rose by 6.3 per cent to Rs 35.5 crore during the April–June quarter compared with the same period last year.
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Business Standard
21-05-2025
- Business
- Business Standard
EIH Q4 results: PAT up 6% to Rs 261.62 cr on strong demand across segments
EIH Ltd, owner and operators of Oberoi and Trident brands of hotels, reported a 6 per cent rise in its March quarter net profit on improved demand in both business and leisure segments. Consolidated net profit of Rs 261.62 crore in January-March - the fourth quarter of April 2024 to March 2025 financial year - was compared with Rs 247.59 crore earnings in the same period a year back, according to a company statement. "The company delivered its best-ever performance, reflecting sustained operational excellence and continued demand across both business and leisure segments," it said. Revenue was up 11 per cent at Rs 866 crore while EBITDA rose 13 per cent to Rs 389 crore. "These record results mark a milestone year and the strongest financial performance in EIH Limited's history. They reflect the company's unwavering focus on operational excellence and underscore the enduring appeal of our brand. With a robust financial position, EIH Limited is well-positioned to drive continued growth and create long-term value for all stakeholders," the statement said. For the full fiscal, the firm posted a 14 per cent rise in net profit to Rs 769.90 crore on a revenue of Rs 2,880 crore. EIH said it has a robust pipeline of 21 properties to be completed by 2029, comprising 19 hotels, 2 luxury boats, and a Nile cruiser. This expansion includes eight hotels to be owned, invested in, and operated directly or through joint ventures by EIH, 13 properties (including the 2 luxury boats and a Nile cruiser) to be managed by The Oberoi Group. The development pipeline spans 12 hotels in India and 9 international hotels and cruises across London, Egypt, Bhutan, Nepal, and Saudi Arabia. Upon completion, 16 hotels (including the boats and cruiser) will operate under the Oberoi brand and five hotels under the Trident brand, representing a total inventory of approximately 1,473 keys. Arjun Oberoi, Executive Chairman, The Oberoi Group, commented, "This has been a milestone year for EIH Limited, delivering record financial results. Our robust performance reflects our long-term vision, strong governance, and unwavering commitment to excellence. With a solid financial foundation, we are well-positioned to drive strategic growth across key markets while creating sustained value for all our stakeholders." Vikram Oberoi, CEO, The Oberoi Group, further added, "These results highlight the relentless dedication of our teams and their pursuit of operational excellence. As we continue to expand our footprint, we remain steadfast in delivering exceptional guest experiences driven through our values and culture that places our guests and their wellbeing at the centre of everything we do." EIH's board has recommended a final dividend of Rs 1.5 per equity share (75 per cent on the face value of Rs 2 each) for the financial year 202425.
Business Standard
21-05-2025
- Business
- Business Standard
EIH Q4 PAT climbs 6% YoY to Rs 263 cr
EIH reported consolidated net profit of Rs 261.62 crore in Q4 FY25, up 5.66% as against Rs 247.59 crore in Q4 FY24. Revenue from operations rallied 11.61% year on year to Rs 827.45 crore in the fourth quarter of FY25. Profit before tax advanced 4.98% to Rs 354.99 crore in Q4 FY25 as against Rs 338.13 crore in Q4 FY24. During the quarter EBITDA stood at Rs 389 crore, registering the growth of 13% YoY. In Q4 FY25, total expenses rose 515.48% YoY to Rs 9.19 crore. Employee benefits expense rallied 9.80% YoY to Rs 142.74 crore. The company stated in a press release that it has a robust pipeline of 21 properties scheduled for completion by 2029, comprising 19 hotels, two luxury boats, and a Nile cruiser. As part of this strategic expansion, eight hotels will be owned, invested in, and operated either directly by EIH Ltd or through joint ventures, while the remaining 13 assets, including the boats and cruiser will be managed by The Oberoi Group. The pipeline spans 12 domestic hotels and nine international properties across key markets such as London, Egypt, Bhutan, Nepal, and Saudi Arabia. Upon completion, 16 properties will operate under the Oberoi brand and five under the Trident brand, adding approximately 1,473 keys to the companys portfolio. The expansion underscores EIHs focus on strengthening its presence in the luxury hospitality space across high-growth destinations in India and abroad. On a full-year basis, the companys consolidated net profit jumped 13.60% to Rs 769.90 crore, on a 9.23% rise in revenue from operations to Rs 2,743.15 crore in FY25 compared to FY24. Arjun Oberoi, Executive Chairman, The Oberoi Group, commented, This has been a milestone year for EIH, delivering record financial results. Our robust performance reflects our long-term vision, strong governance, and unwavering commitment to excellence. With a solid financial foundation, we are well-positioned to drive strategic growth across key markets while creating sustained value for all our stakeholders. Vikram Oberoi, CEO, The Oberoi Group, further added, These results highlight the relentless dedication of our teams and their pursuit of operational excellence. As we continue to expand our footprint, we remain steadfast in delivering exceptional guest experiences driven through our values and culture that places our guests and their wellbeing at the centre of everything we do. Meanwhile, the board of directors of EIH, at its meeting held on Tuesday, recommended a final dividend of 75%, translating to Rs 1.50 per equity share of face value Rs 2 each, for the financial year 2024-25. EIH owns and operates an exceptional portfolio of hotels and resorts under the prestigious 'Oberoi' and 'Trident' brands in India and abroad. Shares of EIH fell 1.26% to currently trade at Rs 374.70 on the BSE.
