EIH Shares Zoom Over 2% After Release of Q2 FY25 Results

EIH Ltd., a leading hospitality company and a member of The Oberoi Group, has posted record financial results for the Q2 FY25. These results highlight the company’s strong growth trajectory and steadfast commitment to excellence in luxury hospitality.

EIH Q2 FY25 Results

On a consolidated basis, EIH reported a 13% year-on-year (YoY) growth in revenue, reaching ₹623 crore. Its EBITDA increased by 26% YoY, amounting to ₹208 crore. Additionally, the company’s profit after tax (PAT) surged by an impressive 41% YoY, reaching ₹133 crore. These results demonstrate the company’s solid performance and its continued ability to drive value in a competitive market.

Strategic Expansion and Growth Plans

In line with its ambitious growth strategy, EIH Ltd. has outlined an expansive pipeline of 20 properties scheduled for completion by 2029. This includes 17 hotels, 2 luxury boats, and a Nile Cruiser, reflecting the company’s focus on diversifying its portfolio and expanding its footprint.

Of these 20 properties, 9 hotels will be owned, invested in, and operated directly by EIH Ltd., either independently or through joint ventures. The remaining 11 properties—comprising 2 luxury boats and a Nile Cruiser—will be managed by The Oberoi Group.

The planned expansion will span both domestic and international markets. It includes 11 hotels in India and 9 international properties in key destinations such as London, Egypt, Bhutan, Nepal, and Saudi Arabia. Upon completion, 16 of these properties (including the 2 boats and the Nile Cruiser) will operate under the Oberoi brand, while 4 properties will be branded as Trident. This expansion will add approximately 1,350 keys to the company’s portfolio.

Additionally, EIH Ltd. is pursuing mixed-use developments in Bengaluru and Pune. These developments will incorporate commercial, retail, and food & beverage spaces, totalling approximately 11.71 lakh square feet, further enhancing the company’s diversified business model.

On November 13, 2024, EIH shares opened at ₹375.00 and touched the day high of ₹381.85 at 09:30 AM.

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