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EIH Ltd News

Bet on these stocks to mint money on your friend's big fat Indian wedding

An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation), according to the Jefferies note, which is in sharp contrast to countries such as the United States

Bet on these stocks to mint money on your friend's big fat Indian wedding
Updated On : 24 Jun 2024 | 9:01 AM IST

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.

EIH Q4 results: Consolidated net profit more than doubles to Rs 247.6 cr
Updated On : 29 May 2024 | 10:11 PM IST

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.

Indian Hotels stock falls 5% post Q4 results; peer group shares rise
Updated On : 25 Apr 2024 | 11:41 AM IST

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.

Hotel stocks rally up to 9% in weak market on hopes of strong earnings
Updated On : 26 Mar 2024 | 3:23 PM IST

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.

EIH Q3 results: Net profit up 54.6% to Rs 229.9 crore, income up 27.6%
Updated On : 06 Feb 2024 | 10:52 PM IST