Posted inOperations

EIH Ltd shows record revenue and profit in Q3 FY24

The Group has recorded a +27.6% (consolidated) YoY growth.

The Oberoi, Mumbai voted world’s best hotel in survey

EIH Ltd, a leading hospitality company and a member of The Oberoi Group, has reported record financial results for the third quarter of fiscal year 2023-24 (Q3 FY24).

Key Financial Highlights:

 Standalone ResultsConsolidated Results
 Q3 FY24YoY Growth (%)Q3 FY24YoY Growth (%)
RevenueRs. 680.1 Cr.+29.7%Rs. 769.9 Cr.+27.6%
EBITDARs. 308.4 Cr.+60.0%Rs. 353.0 Cr.+56.3%
Profit After TaxRs. 186.9 Cr.+79.8%Rs. 229.9 Cr.+54.6%

Commenting on the results, Arjun Oberoi, Executive Chairman, EIH Ltd, stated, “I am pleased to report that in the third quarter of fiscal year 2023-2024, our company achieved exceptional financial results, with a notable rise in revenue and profitability over previous years. This success is a testament to our team’s dedication and strong commitment to providing our guests with an exceptional hospitality experience. I extend my heartfelt thanks to our guests and partners for their continued support.

Vikram Oberoi, CEO & MD, EIH Ltd, added, “Our company’s excellent financial performance in Q3 of fiscal year 2023-2024 reflects the commitment we have for our guests and the meaningful and personalised service we provide. We are grateful to our guests for their trust and to our teams for their dedication. Our strong financial position will enable us to achieve continued growth.”