Eih

Expect strong demand, occupancy in Q3, Q4 after subdued 1st qtr: EIH Ltd

Hospitality major EIH Ltd expects strong demand and occupancy in the third and fourth quarters of this fiscal after witnessing moderation in the April-June period due to elections and heatwave, according to its Managing Director and CEO Vikram Oberoi. The impact of this year's general elections on demand was higher compared to the previous elections, he told analysts. "Really, as a function of supply and demand, we had the election this year and I think at least our analysis shows that when compared to previous elections, which we looked over the previous election, we looked at the impact on this election has been more than in the previous election. We looked at the last election as well," Oberoi said. Besides, he said in many cities in Rajasthan where the company has leisure hotels and in Agra, temperatures have been extremely high this summer. "We still remain optimistic that foreign travel is bouncing back. And with strong Indian demand from the domestic market for luxury hotels

Here's why EIH stock price plunged 10% in intraday deals on August 7

The sharp fall in the stock price came after the company reported a weak set of numbers in the June quarter (Q1FY25).

EIH Q4 results: Consolidated net profit more than doubles to Rs 247.6 cr

Hospitality major EIH Ltd on Wednesday reported more than two-fold increase in consolidated net profit to Rs 247.6 crore for the March quarter, driven by higher revenue. The company, which owns and operates hotels and resorts under the Oberoi and Trident brands, had posted a consolidated net profit Rs 92.16 crore a year ago, a regulatory filing showed. During the quarter under review, its total income rose 17.6 per cent to Rs 781 crore, against Rs 663.86 crore in the corresponding January-March period of the previous year. For the full financial year 2023-24, EIH Ltd's net profit more than doubled to Rs 677.7 crore, as against Rs 329.1 crore in the previous fiscal. The company's total income during FY24 grew 25.3 per cent to Rs 2,626 crore, from Rs 2,096.4 crore a year ago.

Indian Hotels stock falls 5% post Q4 results; peer group shares rise

Indian Hotels stock update: Share price declined 5% day after company reported 29% growth in net profit.

Hotel stocks rally up to 9% in weak market on hopes of strong earnings

Analysts at Emkay Global see the strength in hospitality industry sustaining in March (Q4)/June (Q1) quarter, based on their channel checks, with year-on-year (YoY) improvement in average room rates.

EIH Q3 results: Net profit up 54.6% to Rs 229.9 crore, income up 27.6%

EIH Limited, the flagship company of luxury hotel chain The Oberoi Group, on Tuesday reported a consolidated profit after tax of Rs 229.94 crore in the third quarter ended December, up 54.6 per cent from Rs 151.08 crore in the year-ago period. Total income increased to Rs 769.87 crore, registering a growth of 27.6 per cent from Rs 603.22 crore in the corresponding quarter of the previous financial year, a regulatory filing showed. The company's total expenses rose to Rs 456.01 crore during the quarter under review, from Rs 415.99 crore a year ago.

PRS Oberoi: Remembering the man who redefined the Indian hospitality

The restaurateur inherited the business from his father Mohan Singh Oberoi, the pioneering founder of the group that now operates 32 hotels and has presence in seven countries under multiple brands

'Biki' Oberoi: Hotelier extraordinaire

To convert these concepts into practice, Biki introduced a 'transformation programme' into the existing hotels in the Group

Hold Nifty longs with a stop at 19,276, suggests HDFC Securities

Among individual stocks, Vinay Rajani, technical & derivative analyst at HDFC Securities, recommends to Buy EIH and Doodla Dairy for up to 8 per cent upside.

Hospitality major EIH Q2 net profit rises over 4-fold to Rs 94.14 cr

Hospitality major EIH Ltd on Friday reported an over four-fold rise in its consolidated net profit to Rs 94.14 crore in the second quarter ended September 30, 2023, driven by higher revenue. The company, which owns and operates hotels and resorts under the Oberoi and Trident brands, had posted a consolidated net profit of Rs 22.35 crore in the year-ago period, EIH Ltd said in a regulatory filing. Consolidated revenue from operations was at Rs 530.57 crore in the quarter under review as against Rs 401.05 crore in the corresponding period a year ago, it added. Total expenses in the second quarter were higher at Rs 426.43 crore as compared to Rs 355.9 crore in the last fiscal. EIH Ltd Executive Chairman Arjun Oberoi said the company achieved "exceptional financial results in the second quarter. We've seen a significant growth in both revenue and profitability." He further said the company is committed to expanding its presence in key markets.

EIH hits 52-week high as promoter Oberoi Group partners Reliance Industries

Reliance Industries and The Oberoi Hotels and Resorts will jointly manage three properties across India and the UK

Hospitality firm EIH's net profit rises 61% to Rs 106 crore in Q1

Hospitality firm EIH Ltd on Tuesday reported an increase of 61 per cent in its consolidated net profit to Rs 106.03 crore in the June quarter. EIH, the flagship company of the Oberoi Group, had reported a net profit of Rs 65.86 crore in the April-June period a year ago. Its revenue from operations was up 26.32 per cent to Rs 498.10 crore in the first quarter of the current fiscal as against Rs 394.29 crore of the corresponding quarter, EIH said in a BSE filing. EIH's total expenses during the quarter were up 13.77 per cent at Rs 380.74 crore, while its total income was Rs 522.60 crore, an increase of 26.74 per cent as compared to the year-ago period. "We are delighted with the remarkable financial performance for the first quarter of FY24. The significant growth in revenue and profitability reflects the dedication of our team and the enduring trust of our valued guests," EIH Chief Executive Officer and Managing Director Vikram Oberoi said. EIH owns and operates a portfolio of hote

EIH Ltd reports its highest ever full-year consolidated revenue in FY22-23

EIH Limited, India's premium hospitality company, reported its consolidated financials for the fourth quarter and full year ending March 31st, 2023

EIH's profit after tax jumps multi-fold to Rs 92 cr in March quarter

Hospitality firm EIH Limited on Monday said its consolidated profit after tax in the fourth quarter ended March grew multifold to Rs 92 crore over the year-ago quarter. Profit after tax grew to Rs 329 crore in FY23 as against the previous year, the company said in a statement. Its consolidated revenue stood at Rs 2,096 crore in the financial year ended March, up 101 per cent from a year ago, it stated. Vikram Oberoi, Managing Director & CEO, EIH Limited, said, FY23 has been a record year for EIH Limited, reporting the highest ever full-year consolidated revenue, EBITDA and PAT. Hotels managed by EIH Limited achieved an industry-leading RevPAR index of 127 per cent for the FY23, on the back of an ARR index of 120 per cent".

EIH consolidated net profit rises to Rs 151 crore in December quarter

Hospitality firm EIH Ltd, a part of the Oberoi group, on Friday reported an over three-fold rise in consolidated net profit at Rs 151.08 crore in the December quarter, on the back of higher revenue. The company had posted a consolidated net profit of Rs 41.85 crore in the same quarter a year ago, EIH Ltd said in a regulatory filing. Consolidated revenue from operations during the period under review stood at Rs 586.41 crore as compared to Rs 360.12 crore in the corresponding period last fiscal. Total expenses were higher at Rs 415.99 crore, up from Rs 313.87 crore in the third quarter last fiscal, the company said.

HUL, Asian Paints: 5 stocks withstood recent sell-off; Will they rise more?

Among individual stocks, Asian Paints, EIH and Alkem Laboratories can rally up to 18 per cent each. Hindustan Unilever and Metro Brands too are poised to log smart gains, indicate charts.

Oberoi group's EIH Associated Hotels back in black with PAT at Rs 5.68 cr

Oberoi group firm EIH Associated Hotels Ltd on Tuesday reported a profit after tax of Rs 5.68 crore in the first quarter ended June 30, 2022

'Guest-first policy': For Prithvi Raj Singh 'Biki' Oberoi, quality tops

Biki has been the chief architect, designer and planner in every one of his hotels

EIH Chairman PRS Oberoi steps down, nephew Arjun Singh Oberoi takes over

The veteran hotelier is credited with making Oberoi a brand to reckon with steps down owing to ill health

Oberoi group's EIH Associated Hotels chairman and director resigns

The board of directors at a meeting held on Monday appointed Shib Sanker Mukherji, who was the vice chairman, as the new chairman of the company, EIH Associated Hotels said in a regulatory filing