Hospitality big EIH Ltd., a part of The Oberoi Group, has introduced file monetary outcomes for the second quarter of fiscal yr 2024-25 (Q2 FY25), supported by strong income progress and plans for important growth.
In Q2 FY25, EIH Ltd. reported a consolidated income of Rs. 623 crore, a 13% improve in comparison with the identical interval final yr. Standalone income reached Rs. 558 crore, up 14% year-over-year. The corporate’s consolidated revenue after tax (PAT) rose by 41% to Rs. 133 crore, with standalone revenue rising by 34% to Rs. 114 crore. Consolidated earnings earlier than curiosity, tax, depreciation, and amortization (EBITDA) grew by 26% to Rs. 208 crore, with standalone EBITDA at Rs. 189 crore, marking a 27% improve year-over-year.
Strategic Growth Plans
EIH Ltd., which operates the well-known resort manufacturers Oberoi and Trident, is ready to increase its portfolio with 20 new properties by 2029, together with 17 inns, two luxurious boats, and a Nile cruiser. 9 of those properties will likely be owned and operated by EIH Ltd., whereas 11 will likely be managed below The Oberoi Group’s administration. The deliberate properties span India and worldwide areas, together with London, Egypt, Bhutan, Nepal, and Saudi Arabia, and can add roughly 1,350 rooms to EIH Ltd.’s capability below the Oberoi and Trident manufacturers.
The corporate can be transferring ahead with mixed-use developments in Bengaluru and Pune, which can add industrial, retail, and F&B areas totaling 1.17 million sq. toes.
Speaking in regards to the monetary outcomes, Arjun Oberoi, Govt Chairman of EIH Ltd., famous the corporate’s efficiency as being reflective of efficient strategic planning and market positioning.
“Attaining progress in income and revenue demonstrates our dedication to sustained, long-term worth creation. With a transparent growth plan of 20 properties, we’re broadening our presence in key home and worldwide markets,” he stated, including that the corporate stays dedicated to Environmental, Social, and Governance (ESG) ideas.
Vikram Oberoi, CEO & Managing Director of EIH Ltd., emphasised the demand-driven momentum behind the corporate’s Q2 outcomes. “Our second-quarter progress is a direct consequence of the belief positioned in our model and the dedication of our groups. Increasing with 20 new properties in strategic markets displays our dedication to assembly the wants of as we speak’s vacationers,” he acknowledged.
