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