Companies News: Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

technicals

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.

Business Standard

stocks, stock market, m arket, sensex, growth, revenue, earnings, results, Q2,Q1, Q3, Q4, COMPANY, nse, bse,

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.

Press Trust of India

Indian Hotels Company

Growth in the industry is largely expected from domestic demand which is expected to remain strong through FY 2023-24

Oberoi hotel, restaurant, dining, eating

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

q1 results, earnings, companies, india inc, corporate

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

News

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

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

Hotel stocks in focus; Indian, EIH, Chalet hit new highs, surge up to 7%

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

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