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Hospitality big EIH Ltd., a part of The Oberoi Group, has introduced document 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% enhance 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 growing 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% enhance year-over-year.
Strategic Growth Plans
EIH Ltd., which operates the well-known resort manufacturers Oberoi and Trident, is about to broaden its portfolio with 20 new properties by 2029, together with 17 resorts, two luxurious boats, and a Nile cruiser. 9 of those properties might be owned and operated by EIH Ltd., whereas 11 might be managed beneath The Oberoi Group’s administration. The deliberate properties span India and worldwide places, together with London, Egypt, Bhutan, Nepal, and Saudi Arabia, and can add roughly 1,350 rooms to EIH Ltd.’s capability beneath the Oberoi and Trident manufacturers.
The corporate can also be transferring ahead with mixed-use developments in Bengaluru and Pune, which can add business, retail, and F&B areas totaling 1.17 million sq. ft.
Speaking concerning the monetary outcomes, Arjun Oberoi, Government 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 end result 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 right this moment’s vacationers,” he acknowledged.
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