EIH Net Profit Jumps 21.26% to Rs 278.83 Cr in Q3

Feb 11, 2025 18:58

EIH Ltd. reports a strong 21.26% increase in net profit for the December quarter, driven by robust revenue growth. The company's consolidated net profit reached Rs 278.83 crore.

Photograph: Courtesy The Oberoi Hotels

New Delhi, Feb 11 (PTI) Hospitality major EIH Ltd on Tuesday reported a 21.26 per cent rise in consolidated net profit to Rs 278.83 crore in the third quarter ended December 31, 2024, on the back of strong revenue growth.

The company, which owns and operates hotels and resorts under the Oberoi and Trident brands, had posted a consolidated net profit of Rs 229.94 crore in the same quarter last fiscal, EIH Ltd said in a regulatory filing.

Consolidated revenue from operations in the quarter under review stood at Rs 800.17 crore against Rs 741.26 crore in the year-ago period, it said.

Total expenses in the third quarter were higher at Rs 483.56 crore compared to Rs 456.01 crore in the October-December period last fiscal.

Source: PTI

MORE NEWS

Unilever: India Growth & GST Impact

Unilever sees huge opportunities in India due to high GDP growth and GST cuts. HUL...

Trai Recommends 6 GHz, E, V Band Allocation

Trai suggests administrative allocation of 6 GHz, E, and V bands for telecom backhaul....

TotalEnergies Sells Stake in Adani Green Energy

TotalEnergies sells 1.74% stake in Adani Green Energy for Rs 2,778 cr. Stake reduced to...

TCS Acquires Coastal Cloud for $700 Million

TCS acquires Coastal Cloud for USD 700 million, strengthening its Salesforce and AI...

JSW Paints Acquires AkzoNobel India Stake

JSW Paints completes acquisition of majority stake in AkzoNobel India, becoming the...

Park Medi World IPO Subscribed 52% on Day 1

Park Medi World''s IPO received 52% subscription on day 1. The Rs 920-crore IPO closes...

Dasnac Invests Rs 2,000 Cr in Noida Luxury Housing

Dasnac to invest Rs 2,000 crore in a luxury housing project, Dasnac Westminster, in...

Nephrocare IPO Subscribed 12% on Day 1

Nephrocare Health Services IPO received 12% subscription on day 1. IPO details, price...

Wakefit IPO Subscribed Over 2 Times

Wakefit''s Rs 1,289-cr IPO was subscribed over 2 times on the final day. Details on...

IAN Group to Deploy USD 100M Alpha Fund by 2027

IAN Group to deploy its USD 100 million IAN Alpha Fund in early-stage startups by 2027....

EIH Net Profit Jumps 21.26% to Rs 278.83 Cr in Q3

You May Like To Read

MORE NEWS