Hospitality big EIH Ltd., a part of The Oberoi Group, has introduced file monetary outcomes for the second quarter of fiscal 12 months 2024-25 (Q2 FY25), supported by strong income progress and plans for vital enlargement.
In Q2 FY25, EIH Ltd. reported a consolidated income of Rs. 623 crore, a 13% improve in comparison with the identical interval final 12 months. 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 about to develop its portfolio with 20 new properties by 2029, together with 17 lodges, two luxurious boats, and a Nile cruiser. 9 of those properties will probably be owned and operated by EIH Ltd., whereas 11 will probably be managed underneath 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 underneath the Oberoi and Trident manufacturers.
The corporate can also be transferring ahead with mixed-use developments in Bengaluru and Pune, which is able to 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.
“Reaching progress in income and revenue demonstrates our dedication to sustained, long-term worth creation. With a transparent enlargement plan of 20 properties, we’re broadening our presence in key home and worldwide markets,” he mentioned, including that the corporate stays dedicated to Environmental, Social, and Governance (ESG) rules.
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 said.
