Hospitality major EIH Ltd, which runs hotels and resorts under Oberoi and Trident brands, today reported a 34.76 per cent rise in net profit at Rs 36.44 crore for the fourth quarter ended March 31.
The company had posted a net profit of Rs 27.04 crore for the corresponding period of the previous fiscal, EIH said in a statement.
Total revenue of the company also rose to Rs 366.36 crore for the quarter under consideration from Rs 355 crore for the same period year ago.
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Net profit of the company for fiscal year ended March 31, 2014 stood at Rs 95.04 crore as against Rs 50.96 crore for the
Year ago period.
Total revenue of the company also rose to Rs 1,278.94 crore for the financial year ended March 2014 from Rs 1,177.01 crore during the previous financial year.
The company's board has recommended a dividend at Rs 1.10 per equity share, EIH said.
Commenting on the results, EIH Vice Chairman and Chief Executive Officer S S Mukherji said: "Despite the depressed market conditions, the company has recorded a healthy revenue increase over the previous year and significant growth in profitability."
EIH under the aegis of the Oberoi Group, operates hotels and cruisers in five countries under the luxury 'Oberoi' and five-star 'Trident' brands.
The Oberoi Group is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters.
Shares of EIH Ltd today closed at Rs 82 per scrip on BSE, up 0.31 per cent from their previous close.
