EIH Ltd surpasses expectations with striking Q2 FY24 performance

In its latest financial report, EIH Ltd, a leading player in the world of hospitality and a member of The Oberoi Group, revealed impressive standalone results for the second quarter of fiscal year 2023–24 (Q2 FY24), including a remarkable 33.2 per cent increase in revenue, reaching Rs 489.6 crore. Their EBITDA (earnings before interest, taxes, depreciation, and amortisation) showed exceptional growth, surging by 65.6 per cent to Rs 148.4 crore, while the profit after tax recorded a jaw-dropping leap of 213.2 per cent, reaching Rs 85.2 crore. 

Furthermore, in the consolidated results, EIH Ltd continued to shine, reporting an impressive 32.5 per cent year-on-year growth in revenue, with figures reaching Rs 552.5 crore. The EBITDA also reflected robust performance, growing by 63.9 per cent to Rs 164.9 crore. The most astonishing highlight was the profit after tax, which witnessed a staggering 321.2 per cent rise, reaching Rs 94.1 crore.  

Commenting on these spectacular statistics, Arjun Oberoi, Executive Chairman of EIH Ltd, expressed his satisfaction, stating, “Our company has achieved exceptional financial results in the second quarter of FY24. We've seen significant growth in both revenue and profitability. We remain committed to providing outstanding hospitality and expanding our presence in key markets. We appreciate the continued support of our guests and partners and look forward to continued growth and success." 

Vikram Oberoi, CEO and MD of EIH Ltd, echoed the sentiment, saying, "We are pleased with the outstanding financial results achieved in the second quarter of FY24. The substantial increase in revenue and profitability is a testament to the hard work of our team and the ongoing trust of our loyal guests."