Latest news with #EIHLtd
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Business Standard
6 days ago
- Business
- Business Standard
EIH Ltd Q1 results: Profit drops to ₹36.88 crore despite rise in revenue
It's total income from operations stood at Rs 609.06 crore for the April-June quarter, as against Rs 559.91 crore during the corresponding period of the previous year, as per a regulatory filing Listen to This Article EIH Ltd, the flagship company of luxury hotel chain The Oberoi Group, on Tuesday reported a consolidated net profit of Rs 36.88 crore for the June quarter. The company had reported a net profit of Rs 96.75 crore in the year-ago period. It's total income from operations stood at Rs 609.06 crore for the April-June quarter, as against Rs 559.91 crore during the corresponding period of the previous year, as per a regulatory filing. The company's total expenses rose to Rs 452.95 crore during the quarter, from Rs 429.68 crore a year ago. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
6 days ago
- Business
- News18
EIH Ltd profit falls to Rs 36.88 cr in Q1
Agency: PTI Last Updated: New Delhi, Aug 5 (PTI) EIH Ltd, the flagship company of luxury hotel chain The Oberoi Group, on Tuesday reported a consolidated net profit of Rs 36.88 crore for the June quarter. The company had reported a net profit of Rs 96.75 crore in the year-ago period. It's total income from operations stood at Rs 609.06 crore for the April-June quarter, as against Rs 559.91 crore during the corresponding period of the previous year, as per a regulatory filing. The company's total expenses rose to Rs 452.95 crore during the quarter, from Rs 429.68 crore a year ago. PTI RSN TRB Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
21-05-2025
- Business
- Time of India
Profit at Rs 770 crore in FY 25, Oberoi Hotels sees its ‘strongest ever financial performance'
NEW DELHI: has reported a of Rs 332 crore in the January-March 2025 period, 109% more than the same period in the previous fiscal. The hospitality major saw a profit of Rs 770 crore in FY 25, up 14% from FY 24, on a revenue of Rs 2,880 crore — up 10% from the revenue in the previous fiscal. Tired of too many ads? go ad free now The company says these are the 'strongest in (its) EIH Ltd's history.' has a pipeline of 21 properties to be completed by 2029, comprising 19 hotels, two 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 limited and 13 (including 2 luxury boats and a Nile cruiser) to be managed by The Oberoi Group. The development pipeline spans 12 hotels in India and nine international hotels & cruises across London, Egypt, Bhutan, Nepal, and Saudi Arabia. Upon completion, 16 hotels (including the boats and cruisers) will operate under the Oberoi brand and five hotels under the Trident brand, representing a total inventory of about 1,473 keys. The Oberoi Group executive chairman, Arjun Oberoi said: 'This has been a milestone year for EIH Ltd, 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. ' The Oberoi Group CEO, Vikram Oberoi, said: '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 driven through our values and culture that places our guests and their wellbeing at the centre of everything we do.'
Economic Times
09-05-2025
- Business
- Economic Times
Hotel stocks sink up to 7% after Pakistan's drone attacks in India
Shares of Indian Hotels Company experienced the steepest fall of 6.8% to Rs 698.75 on the BSE, while EIH Ltd shares dropped 6% Hotel stocks plummeted, with Indian Hotels Company leading the decline at 6.8%, amid escalating India-Pakistan tensions following drone strikes by Pakistan. India responded with counterstrikes and blackouts in border districts. These events follow India's precision missile strike on terror camps and continued ceasefire violations by Pakistan, further heightening regional instability. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Hotel stocks, including Indian Hotels Company Chalet Hotels , and Lemon Tree Hotels fell up to 7% on Friday amid rising border tensions after drone strikes by of Indian Hotels Company experienced the steepest fall of 6.8% to Rs 698.75 on the BSE, while EIH Ltd shares dropped 6% to Rs 334.20. Shares of Samhi Hotels ITC Hotels and Lemon Tree Hotels were down by approximately 4% decline in hotel stock prices followed Pakistan's drone attacks across parts of Jammu and Kashmir. In response, Indian authorities launched counterstrikes with blackouts in several districts, including Bikaner in Rajasthan and Jalandhar in Punjab, as sirens blared and residents sought events come after India's precision missile strike on May 6-7, targeting nine terror camps in Pakistan and Pakistan-occupied Kashmir. Pakistan initiated unprovoked shelling along the Line of Control, resulting in the deaths of at least 16 Minister Rajnath Singh confirmed the continuation of Operation Sindoor, stating that the offensive led to the elimination of at least 100 terrorists. However, he withheld further information ahead of an all-party meeting scheduled for May Thursday evening, Pakistan also launched an airborne assault using loitering munitions against strategic locations in Jammu and Kashmir. India countered by deploying air defence systems to intercept the at night, Pakistan violated the ceasefire once again, firing missiles across the Line of Control in various regions of Jammu and Kashmir. According to defence sources, all eight missiles targeting areas such as Satwari, Samba, RS Pura, and Arnia were successfully intercepted by Indian air defence units.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Yahoo
15-02-2025
- Business
- Yahoo
EIH Ltd (BOM:500840) Q3 2025 Earnings Call Highlights: Strong RevPAR and Expansion Plans Amidst ...
RevPAR Growth: 17% growth for owned and managed hotels; 22% growth in Oberoi Hotel segment. Occupancy Rates: Maintained at 79% to 80%. ARR Growth: 9% to 11% increase, driving RevPAR growth. Revenue Growth: Stand-alone revenue increased by 6%; adjusted for renovation impact, growth was 11%. EBITDA Growth: Increased by 7% on a stand-alone basis. PAT Growth: 18% increase on a stand-alone basis; 21% increase on a consolidated basis. Cash Flow: Strong cash flow supporting expansion plans. Expansion Plans: 19 properties in the pipeline, including 13 Oberoi and 3 Trident hotels. International RevPAR Growth: 20% increase, recovering from previous impacts. Warning! GuruFocus has detected 7 Warning Signs with BOM:500199. Release Date: February 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. EIH Ltd (BOM:500840) reported a strong RevPAR growth of 14% to 16% compared to the previous year, indicating robust performance in the hospitality sector. The company has maintained a high occupancy rate of 79% to 80%, driven by a healthy increase in Average Room Rates (ARR). EIH Ltd's international hotels have shown a 20% growth in RevPAR, recovering from previous disruptions such as the Israel conflict. The company has a strong cash flow position, supporting its expansion plans, including 19 properties in the pipeline. EIH Ltd's flight services segment has shown significant growth in both top-line and EBITDA, reflecting strong performance in this area. The company experienced a revenue growth of only 6% on a stand-alone basis, partly due to the closure of a hotel in Calcutta for renovation. There was a discrepancy between the reported 17% RevPAR growth and the 8% absolute revenue growth, raising questions about the reconciliation of these figures. EIH Ltd faced challenges with the cancellation of a hotel project in Pune, indicating potential hurdles in expansion plans. The company has not provided a clear revenue guidance for the next 3 to 5 years, leaving investors uncertain about future financial performance. Concerns were raised about the impact of stock market fluctuations on the luxury hotel market, although EIH Ltd has not conducted a formal analysis on this correlation. Q: How has the trend in ADR been in January and February of this quarter, and can similar growth be expected in the future? A: Vikram Oberoi, CEO, stated that they continue to drive ADR and are confident in maintaining this trend. He believes there is considerable opportunity to enhance ADRs substantially, given the high occupancy rates and the quality of hotels relative to global standards. Q: Why was the Pune project canceled, and is there a conservative approach to owning hotels? A: Vikram Oberoi, CEO, mentioned that they are disappointed the Pune project did not happen but are keen to explore other opportunities. He emphasized that growth is a top priority, whether through JVs, management opportunities, or owned properties. Q: What is the proportion of properties owned by EIH, and what is the market value of the land? A: Vikram Oberoi, CEO, noted that they haven't done a valuation on the land side and did not provide specific figures. He mentioned that the hotels are owned by EIH on a 99-year lease. Q: Can you explain the difference between RevPAR growth and absolute revenue growth? A: Vikram Oberoi, CEO, explained that the Grand Hotel's closure for renovation impacted the numbers. Excluding the Grand, revenue growth is 11% and EBITDA growth is 14%. Other factors include food and beverage revenue and asset discards due to renovations. Q: How does the stock market's performance impact your business? A: Vikram Oberoi, CEO, stated that they have not analyzed the correlation between stock market movements and their business. However, strong RevPAR growth and high occupancy levels suggest that recent stock market declines have not impacted them. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
