Hospitality major EIH, which runs hotels and resorts under Oberoi and Trident brands, today posted 10.77 per cent increase in its net profit at Rs 56.13 crore for the fourth quarter ended March 31, 2018.
The company had reported a net profit of Rs 50.67 crore in the same period of previous fiscal.
Revenue form operations for the fourth quarter rose to Rs 431.38 crore, as compared with Rs 369.64 crore in the January-March period of 2016-17, EIH said in a regulatory filing.
For the year ended March 31, 2018, the company posted a net profit of Rs 112.27 crore, as against Rs 96.53 crore in 2016-17.
Revenue from operations rose to Rs 1,350.28 crore for 2017-18, as compared with Rs 1,277.55 crore in 2016-17.
The company's board recommended a dividend of Rs 0.90 per share for 2017-18.
Shares of the company today ended 1.69 per cent down at Rs 174.70 on the BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app