Page 2 - Eih

EIH's profit after tax jumps multi-fold to Rs 92 cr in March quarter

Hospitality firm EIH Limited on Monday said its consolidated profit after tax in the fourth quarter ended March grew multifold to Rs 92 crore over the year-ago quarter. Profit after tax grew to Rs 329 crore in FY23 as against the previous year, the company said in a statement. Its consolidated revenue stood at Rs 2,096 crore in the financial year ended March, up 101 per cent from a year ago, it stated. Vikram Oberoi, Managing Director & CEO, EIH Limited, said, FY23 has been a record year for EIH Limited, reporting the highest ever full-year consolidated revenue, EBITDA and PAT. Hotels managed by EIH Limited achieved an industry-leading RevPAR index of 127 per cent for the FY23, on the back of an ARR index of 120 per cent".

EIH consolidated net profit rises to Rs 151 crore in December quarter

Hospitality firm EIH Ltd, a part of the Oberoi group, on Friday reported an over three-fold rise in consolidated net profit at Rs 151.08 crore in the December quarter, on the back of higher revenue. The company had posted a consolidated net profit of Rs 41.85 crore in the same quarter a year ago, EIH Ltd said in a regulatory filing. Consolidated revenue from operations during the period under review stood at Rs 586.41 crore as compared to Rs 360.12 crore in the corresponding period last fiscal. Total expenses were higher at Rs 415.99 crore, up from Rs 313.87 crore in the third quarter last fiscal, the company said.

HUL, Asian Paints: 5 stocks withstood recent sell-off; Will they rise more?

Among individual stocks, Asian Paints, EIH and Alkem Laboratories can rally up to 18 per cent each. Hindustan Unilever and Metro Brands too are poised to log smart gains, indicate charts.

Oberoi group's EIH Associated Hotels back in black with PAT at Rs 5.68 cr

Oberoi group firm EIH Associated Hotels Ltd on Tuesday reported a profit after tax of Rs 5.68 crore in the first quarter ended June 30, 2022

'Guest-first policy': For Prithvi Raj Singh 'Biki' Oberoi, quality tops

Biki has been the chief architect, designer and planner in every one of his hotels

EIH Chairman PRS Oberoi steps down, nephew Arjun Singh Oberoi takes over

The veteran hotelier is credited with making Oberoi a brand to reckon with steps down owing to ill health

Oberoi group's EIH Associated Hotels chairman and director resigns

The board of directors at a meeting held on Monday appointed Shib Sanker Mukherji, who was the vice chairman, as the new chairman of the company, EIH Associated Hotels said in a regulatory filing

EIH reports consolidated net loss of Rs 37.46 crore for Sept quarter

The hospitality firm on Friday reported a consolidated net loss

Hotel stocks on a roll; Indian Hotels, Chalet, EIH surge over 10%

Easing of travel related restrictions, coupled with pent-up vacation demand, seems to the driving force behind a sharp surge in hotel shares

Pick-up in leisure travel helps hotels post sequential revenue growth

Cost cutting initiatives by Indian Hotels, EIH helps restrict loss at the operating level

ITC retains its holding in East India Hotels, subscribes to rights issue

An ITC spokesperson says EIH issue was attractively priced, and that ITC holding in EIH was part of its treasury investment portfolio

EIH Q2 net loss at Rs 118.77 cr due to coronavirus pandemic impact

The company had posted a net profit of Rs 30.55 crore for the corresponding period of the previous fiscal, EIH said in a BSE filing

Hospitality firms may go for fund raising to stay afloat as recovery eludes

EIH's successful rights issue to help firm reduce debt substantially, paves way for more companies to actively consider fund raising

Hospitality major EIH gets board approval to raise up to Rs 350 cr

The rights issue price has been fixed at Rs 65 per equity share, including a premium of Rs 63 per equity share over face value of Rs 2 per share, it added

Hospitality major EIH posts Rs 152 cr net loss in Q1 due to Covid-19 crisis

The company had posted a net loss of Rs 1.13 crore in the corresponding period of previous fiscal, EIH said in a filing to the BSE

Indian Hotels, Lemon Tree: Time to buy hotel stocks as operations resume?

Most hotel-related stocks gained ground in this backdrop, with Indian Hotels, EIH Ltd, Lemon Tree Hotels, TAJ GVK Hotels and Speciality Restaurants rallying up to 5 per cent

Coronavirus outbreak: Hotel stocks likely to see earnings downgrades

Hotel stocks are under pressure because the coronavirus outbreak could impact occupancies and, thus, drive down room tariffs

EIH cites general slowdown, drop in airline catering for dismal Q1 show

The firm, which owns the Oberoi chain of hotels, posted a pre-tax loss of Rs 11 crore compared to Rs 16 crore profit a year ago

EIH Q4 net profit up 78% at Rs 50 crore

The company had posted a net profit of Rs 28 crore for corresponding period of previous fiscal

EIH Ltd Q3 profit rises about 8% at Rs 54.31 cr

Company had posted a net profit of Rs 50.15 crore for the corresponding period of the previous FY