Latest news with #EIH
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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.
Business Standard
21-05-2025
- Business
- Business Standard
EIH consolidated net profit rises 13.46% in the March 2025 quarter
Sales rise 11.62% to Rs 827.45 crore Net profit of EIH rose 13.46% to Rs 252.94 crore in the quarter ended March 2025 as against Rs 222.93 crore during the previous quarter ended March 2024. Sales rose 11.62% to Rs 827.45 crore in the quarter ended March 2025 as against Rs 741.34 crore during the previous quarter ended March 2024. For the full year,net profit rose 15.70% to Rs 739.45 crore in the year ended March 2025 as against Rs 639.10 crore during the previous year ended March 2024. Sales rose 9.23% to Rs 2743.15 crore in the year ended March 2025 as against Rs 2511.27 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 827.45741.34 12 2743.152511.27 9 OPM % 42.4041.02 - 37.0836.91 - PBDT 410.09354.03 16 1190.811056.00 13 PBT 377.11321.50 17 1056.34924.51 14 NP 252.94222.93 13 739.45639.10 16
Mint
20-05-2025
- Business
- Mint
Stocks to watch: Hindalco, Dixon Tech, BEL, RVNL, Power Grid among shares in focus today
Shares of Hindalco, EIH, Zydus Lifesciences and Dixon Technologies will remain in focus as companies are set to post their Q4 earnings today. Bharat Electronics Ltd (BEL), a government-owned enterprise, reported its Q4FY25 results, posting an 18% increase in net profit to ₹ 2,127 crore. The company has been selected as the lowest bidder for a project valued at ₹ 178.64 crore awarded by IRCON International. The scope of the project includes supplying signalling, telecommunications, and EIMWB materials, as well as carrying out the installation, testing, and commissioning of distributed or centralised electronic interlocking (EI) systems at 10 newly developed stations. Power Grid Corporation released its Q4 FY25 results, reporting a slight decline of 0.6% in net profit, which stood at ₹ 4,143 crore for the quarter. The real estate giant posted a 36.3% year-on-year increase in net profit, reaching ₹ 1,282.2 crore in the fourth quarter, compared to ₹ 920.7 crore in Q4FY23. The company posted a 23.4% increase in consolidated net profit on a quarterly basis, reaching ₹ 1,070.2 crore for the fourth quarter ended March 31, up from ₹ 867 crore in the preceding quarter. A leading producer of glassware and laboratory equipment reported a 120% year-on-year increase in net profit for the fourth quarter of FY25, reaching ₹ 11 crore, up from ₹ 5 crore in the corresponding period last year. Waaree Energies announced that its board has given the green light to a proposal to acquire Kamath Transformers Private Ltd for approximately ₹ 293 crore. Kamath Transformers specializes in the production of transformers. The fair trade watchdog, the Competition Commission of India (CCI), has rejected a complaint accusing public sector lender Canara Bank of abusing its dominant position and engaging in anti-competitive practices concerning several loan deals. The company announced a 7% decline in its Q4 net profit, which stood at ₹ 177.5 crore compared to ₹ 191 crore in the corresponding quarter of the previous fiscal year. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
14-05-2025
- Business
- Business Standard
Leo Dryfruits & Spices Trading bags order from EIH
Leo Dryfruits & Spices Trading has secured order for the supply of Spices and Dry Fruits from EIH for its units Trident Hotel, Oberoi Hotels & Resorts and Oberoi Flight Services, the contract rates for the products have been finalized, the quantum of supplies will be determined based on individual Purchase Orders (POs) issued during the contract tenure. The Company anticipates receiving total orders amounting to approximately Rs 3 crore during the first twelve months from the effective date of the by Capital Market - Live News
