EIH Ltd Q1 net up at Rs 19.86 cr

Hospitality major EIH Ltd, which runs hotels and resorts under Oberoi and Trident brands, today reported over 3-fold rise in standalone net profit to Rs 19.86 crore for the first quarter ended June 30, 2015-16, mainly from sale of property in Darjeeling.
It had posted net profit of Rs 6.41 crore for April-June period of 2014-15 fiscal, EIH said in a filing to the BSE.
Its standalone total income from operations rose to Rs 302.42 crore for the quarter, as against Rs 284.12 crore in the year-ago period.
"The exceptional items for three months ended June 30, 2015 represent profit on sale of property at Darjeeling, West Bengal," EIH said.

Founded in 1934, Oberoi Group operates 30 hotels, a Nile Cruiser and a Motor Vessel in the backwaters of Kerala. The Group has presence in six countries under the luxury 'Oberoi' and five-star 'Trident' brand.
The Group is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters.
EIH Ltd's stock closed at Rs 112.80 per scrip, up 0.89 per cent, on the BSE.