EIH Q1 Results: Net profit jumps 61% YoY at Rs 106 crore

In the first quarter of the current financial year, EIH Limited recorded an increase in net profit of 61% YoY, at Rs 106 crore.

EBITDA increased to Rs 180 crore, up 53% YoY. At Rs 522.6 crore, revenue increased by 26.7%.

The G20 Summit, the men's cricket ODI World Cup, the wedding season, and international tourist arrivals recovering to pre-Covid levels were demand drivers that were likely to result in double-digit revenue per available room (RevPAR) growth for hotels in H2FY24, according to an April report from ICICI Securities.

Under the Oberoi, Trident, and Maidens brands, EIH Limited manages and owns about 29 hotels in six nations.

Content source: Media Reports