Quarterly result: EIH Ltd
Bhagyashree Vivarekar / 23 Jan 2017
The company's stock which opened for trading at Rs. 210.2 on the BSE, has risen by 2.29% after the results were declared. In terms of the bottom-line, the company reported a PAT figure of Rs. 37.23 crore which represents a sequential QoQ increase of 76.71% and a YoY increase of 14.03%.
EIH Ltd. reported its results for the quarter ended December 31, 2016 post market hours today.
Total sales for this quarter, Q3FY17, came in at Rs. 375.38 crore. This represents a 36.91% sequential increase and 6.39% YoY decline.Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 78.97 crore and the EBIT margin stood at 21.04%.
in terms of bottom-line, the company reported a PAT figure of Rs. 55.78 crore which represents a sequential QoQ increase almost fourteen-times and a YoY increase of 11.23%.
The company's stock which opened for trading at Rs. 98.3 on the BSE, rose by 1.2% after the results were declared.
EIH Ltd is an Indian hotel company belongs to The Oberoi Group. The company's primary business is holding ownership, management and operation of five star deluxe and five star hotels in metropolitan cities and major tourist destinations throughout India and in select tourist locations overseas. Some of their hotels are, The Oberoi Mumbai, The Oberoi, New Delhi,The Oberoi Bangalore, The Oberoi Grand Kolkata, The Oberoi Udaivilas Udaipur, The Oberoi Vanyavilas Ranthambhore, Trident Nariman Point Mumbai, Trident BKC Mumbai. In addition to the primary hotel business, the company is also uinvolved in other businesses, such as flight and airport services, car rentals, air charter services and a printing press.
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