EIH Q4 net profit increases 31.47%

EIH Limited, which runs hotels and resorts under the Oberoi and Trident brands, declared a 31.47 per cent increase in net profit to Rs 47.91 crore for the March quarter. Its net profit was Rs 36.44 crore in the same period last year.

EIH's net sales during the quarter stood at Rs 384.08 crore against Rs 355.65 crore in the year ago period. It's total revenue, including other income, stood at Rs 399.43 crore against Rs 366.36 crore during the same period in the previous year. The total revenue for quarter ended March was Rs 1,366.30 crore.

"In the past few years, the Indian hotel industry has been facing the double challenge of weak demand and increased supply of. Still, EIH was able to increase market share in most locations," Vikram Oberoi, MD& CEO, said.