EIH Ltd Share Price – NSE  /  BSE

Hotels & Restaurants, Small Cap

The luxury resort will have 90 rooms & suites catering to domestic and international travelers on a 52 acres site owned by the company.

The estimated investment for the project is Rs 421 crore and the resort is expected to be operational from 1 October 2027.

The company stated that it has further entered into a hotel management agreement for a second project as a luxurious Oberoi Resort at Bogmalo Beach in South Goa.

EIH owns and operates an exceptional portfolio of hotels and resorts under the prestigious 'Oberoi' and 'Trident' brands in India and abroad.

The company’s consolidated net profit jumped 52.2% to Rs 229.94 crore on 26.41% increase in revenue from operations to Rs 741.26 crore in Q3 FY24 over Q3 FY23.

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The luxury resort will have 90 rooms & suites catering to domestic and international travelers on a 52 acres site owned by the company.

The estimated investment for the project is Rs 421 crore and the resort is expected to be operational from 1 October 2027.

The company stated that it has further entered into a hotel management agreement for a second project as a luxurious Oberoi Resort at Bogmalo Beach in South Goa.

EIH owns and operates an exceptional portfolio of hotels and resorts under the prestigious 'Oberoi' and 'Trident' brands in India and abroad.

The company’s consolidated net profit jumped 52.2% to Rs 229.94 crore on 26.41% increase in revenue from operations to Rs 741.26 crore in Q3 FY24 over Q3 FY23.

The scrip rose 2.19% to end at Rs 448.80 on Thursday, 28 March 2024. The domestic market is closed today, on account of Good Friday.

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Revenue from operations increased 26.41% YoY to Rs 741.26 crore in Q3 FY24.

During the quarter EBITDA stood at Rs 353 crore, registering the growth of 56.3% YoY.

In Q3 FY24, average room rate (ARR) was Rs 19,985 crore as compared with Rs 16,737 crore in Q3 FY23 while occupancy improved to 79% from 77% Q3 FY23.

Net cash stood at Rs 684 crore as on 31 December 2023 as compared with Rs 256 crore as on 31 December 2022.

Vikram Oberoi, CEO & MD, EIH, said, “Our company's excellent financial performance in Q3 of fiscal year 2023-2024 reflects the commitment we have for our guests and the meaningful and personalised service we provide. We are grateful to our guests for their trust and to our teams for their dedication. Our strong financial position will enable us to achieve continued growth.”

Arjun Oberoi, executive chairman, EIH, said, “our company achieved exceptional financial results, with a notable rise in revenue and profitability over previous years. This success is a testament to our team's dedication and strong commitment to providing our guests with an exceptional hospitality experience. I extend my heartfelt thanks to our guests and partners for their continued support.”

EIH owns and operates an exceptional portfolio of hotels and resorts under the prestigious 'Oberoi' and 'Trident' brands in India and abroad.

The scrip hit an all-time high at Rs 358.10 in intraday today.

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Action Construction Equipment Ltd, KIOCL Ltd, Indian Overseas Bank and One 97 Communications Ltd are among the other gainers in the BSE's 'A' group today, 07 February 2024.

EIH Ltd soared 15.63% to Rs 410.65 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.46 lakh shares were traded on the counter so far as against the average daily volumes of 1.45 lakh shares in the past one month.

Action Construction Equipment Ltd surged 14.30% to Rs 1133.6. The stock was the second biggest gainer in 'A' group. On the BSE, 1.94 lakh shares were traded on the counter so far as against the average daily volumes of 33204 shares in the past one month.

KIOCL Ltd spiked 13.91% to Rs 471.4. The stock was the third biggest gainer in 'A' group. On the BSE, 2.58 lakh shares were traded on the counter so far as against the average daily volumes of 43540 shares in the past one month.

Indian Overseas Bank spurt 12.57% to Rs 76.04. The stock was the fourth biggest gainer in 'A' group. On the BSE, 206.37 lakh shares were traded on the counter so far as against the average daily volumes of 72.12 lakh shares in the past one month.

One 97 Communications Ltd exploded 8.84% to Rs 491.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 22.49 lakh shares were traded on the counter so far as against the average daily volumes of 6.97 lakh shares in the past one month.

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