EIH Q1 net profit declines 52 pc sequentially to Rs 120 crore, revenue slips 26 pc
New Delhi, Aug 11 (IANS) EIH Ltd — the Oberoi Group-backed hospitality firm — has posted a nearly 52 per cent sequential decline in consolidated net profit to Rs 120.31 crore for the quarter ended June 30, 2026, from Rs 249.10 crore in the preceding quarter.
The company’s revenue from operations stood at Rs 656.96 crore in the first quarter of FY27, a decrease of 26.61 per cent from Rs 895.22 crore in the March quarter but up from Rs 573.58 crore in the corresponding quarter a year ago, according to the company’s exchange filing.
However, PAT increased from Rs 36.88 crore in the year-ago quarter.
In addition, total income during the quarter declined by 26.83 per cent to Rs 697.94 crore, compared with Rs 953.95 crore in the preceding quarter and increased 14 per cent from Rs 609.06 crore in the year-ago period.
Total expenses came at Rs 533.02 crore against Rs 605.33 crore in the March quarter, while they were higher than Rs 452.95 crore in the year-ago quarter.
Profit before exceptional items, share of profit of associates and joint ventures and tax stood at Rs 164.92 crore in the June quarter, against Rs 348.62 crore in the preceding quarter and Rs 156.11 crore a year earlier.
Profit before exceptional items and tax stood at Rs 169.31 crore, compared with Rs 368.34 crore in the March quarter and Rs 164.67 crore in the year-ago quarter.
The company reported no exceptional item in the June quarter. In the year-ago quarter, exceptional items amounted to Rs 110.49 crore, while the March quarter had exceptional items of Rs 132.08 crore.
Consequently, profit before tax stood at Rs 169.31 crore in Q1 FY27, against Rs 368.34 crore in the preceding quarter and Rs 54.18 crore in Q1 FY26.
Total tax expense declined to Rs 49 crore from Rs 119.24 crore sequentially, while it stood at Rs 17.30 crore in the year-ago quarter.
Additionally, the company said the figures for the three months ended March 31, 2026 are balancing figures between the audited figures for FY26 and unaudited published figures for the nine months ended December 31, 2025, which were subjected to limited review.
–IANS
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