logo
EIH Q4 results: PAT up 6% to Rs 261.62 cr on strong demand across segments

EIH Q4 results: PAT up 6% to Rs 261.62 cr on strong demand across segments

EIH Ltd, owner and operators of Oberoi and Trident brands of hotels, reported a 6 per cent rise in its March quarter net profit on improved demand in both business and leisure segments.
Consolidated net profit of Rs 261.62 crore in January-March - the fourth quarter of April 2024 to March 2025 financial year - was compared with Rs 247.59 crore earnings in the same period a year back, according to a company statement.
"The company delivered its best-ever performance, reflecting sustained operational excellence and continued demand across both business and leisure segments," it said.
Revenue was up 11 per cent at Rs 866 crore while EBITDA rose 13 per cent to Rs 389 crore.
"These record results mark a milestone year and the strongest financial performance in EIH Limited's history. They reflect the company's unwavering focus on operational excellence and underscore the enduring appeal of our brand. With a robust financial position, EIH Limited is well-positioned to drive continued growth and create long-term value for all stakeholders," the statement said.
For the full fiscal, the firm posted a 14 per cent rise in net profit to Rs 769.90 crore on a revenue of Rs 2,880 crore.
EIH said it has a robust pipeline of 21 properties to be completed by 2029, comprising 19 hotels, 2 luxury boats, and a Nile cruiser.
This expansion includes eight hotels to be owned, invested in, and operated directly or through joint ventures by EIH, 13 properties (including the 2 luxury boats and a Nile cruiser) to be managed by The Oberoi Group.
The development pipeline spans 12 hotels in India and 9 international hotels and cruises across London, Egypt, Bhutan, Nepal, and Saudi Arabia.
Upon completion, 16 hotels (including the boats and cruiser) will operate under the Oberoi brand and five hotels under the Trident brand, representing a total inventory of approximately 1,473 keys.
Arjun Oberoi, Executive Chairman, The Oberoi Group, commented, "This has been a milestone year for EIH Limited, delivering record financial results. Our robust performance reflects our long-term vision, strong governance, and unwavering commitment to excellence. With a solid financial foundation, we are well-positioned to drive strategic growth across key markets while creating sustained value for all our stakeholders." Vikram Oberoi, CEO, The Oberoi Group, further added, "These results highlight the relentless dedication of our teams and their pursuit of operational excellence. As we continue to expand our footprint, we remain steadfast in delivering exceptional guest experiences driven through our values and culture that places our guests and their wellbeing at the centre of everything we do." EIH's board has recommended a final dividend of Rs 1.5 per equity share (75 per cent on the face value of Rs 2 each) for the financial year 202425.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

RBI's Rs.10 Lakh Crore Credit Unlock a Major Boost for the Sustainable Blue Economy: Kings Infra
RBI's Rs.10 Lakh Crore Credit Unlock a Major Boost for the Sustainable Blue Economy: Kings Infra

The Wire

time29 minutes ago

  • The Wire

RBI's Rs.10 Lakh Crore Credit Unlock a Major Boost for the Sustainable Blue Economy: Kings Infra

Kochi, 23rd June 2025: Kings Infra Ventures Ltd. welcomes the Reserve Bank of India's decisive policy to reduce provisioning norms for infrastructure lending — a silent yet powerful enabler that unlocks over Rs.10 lakh crore in credit for India's future-ready sectors. This reform comes at a pivotal time for India's infrastructure ambitions — especially in nutritional infrastructure, a new and urgent category focused on building clean, sustainable, and traceable food systems. As a leading developer of land-based aquaculture and seafood supply chains, Kings Infra is uniquely positioned to leverage this opportunity. 'This reform is a silent catalyst,' said Mr. Shaji Baby John, Chairman of Kings Infra. 'It gives us the financial flexibility to fast-track our aquaculture infrastructure, unlock value from our land banks, and contribute significantly to India's Blue Economy and food security goals.' Through its subsidiary Kings Maritech Eco Parks Ltd. (KMEPL), the company is building large-scale, ESG-aligned aquaculture clusters — combining hatcheries, precision farm units, cold-chain logistics, and export hubs across Tamil Nadu, Kerala, and Karnataka. The RBI's move to reduce provisioning for under-construction infrastructure from 5% to just 1% is expected to: • Free up capital for faster rollout of sustainable infrastructure • Improve bankability of greenfield aquaculture and logistics projects • Accelerate land monetization across Kings Infra's coastal land portfolio This also strengthens Kings Infra's strategic roadmap to transform underutilized coastal lands into high-impact assets supporting: • Clean protein exports • Climate-resilient farming systems • Rural employment • Nutritional self-sufficiency As India powers ahead with its Rs.1.4 trillion National Infrastructure Pipeline, this credit unlock ensures that blue economy sectors — from mariculture and clean aquaculture to traceable seafood exports — receive the financial backing they need. Kings Infra is actively engaging with institutional investors, sustainability-focused funds, and strategic partners to co-develop this next generation of aquaculture infrastructure. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.).

Neetu Yoshi IPO opens June 27, price band fixed at Rs 71-75. Check details
Neetu Yoshi IPO opens June 27, price band fixed at Rs 71-75. Check details

Time of India

time35 minutes ago

  • Time of India

Neetu Yoshi IPO opens June 27, price band fixed at Rs 71-75. Check details

The initial public offering (IPO) of metallurgical engineering company Neetu Yoshi will be available for public bidding from Friday, June 27 and the company has fixed a price band of Rs 71-75 for this issue. The company aims to raise Rs 77.04 crore (at the upper end of the price band), with its shares proposed to be listed on the BSE SME platform. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The World's Most Stunning Blue Flag Beaches Ranked: Top 25 List! Read More Here are the key details you need to know: Neetu Yoshi IPO size The issue size is 1,02,72,000 equity shares at a face value of Rs 5 each with a price band of Rs 71 - Rs 75 per Share. As part of the equity share allocation structure, up to 29,20,000 equity shares have been reserved for the anchor investor portion. The Qualified Institutional Buyer (QIB) category may be allocated up to 19,52,000 equity shares. Live Events A minimum of 14,65,600 equity shares will be allotted to Non-Institutional Investors (NIIs), while retail individual investors (RIIs) will receive not less than 34,14,400 equity shares. Additionally, up to 5,20,000 equity shares have been earmarked for the market maker category. Net proceeds from the Neetu Yoshi IPO The net proceeds from the IPO will be utilized for the setting up of a new manufacturing facility and for general corporate purposes. Book running lead managers of Neetu Yoshi IPO The Book Running Lead Manager to the Issue is Horizon Management Private Limited, and the Registrar to the Issue is Skyline Financial Services Private Limited. About the company Neetu Yoshi Ltd is a metallurgical engineering company manufacturing critical safety spares for railways. The products include mild steel, spheroidal graphite iron, cast iron, and manganese steel (0.2 kg to 500 kg). The Company is an RDSO-certified vendor supplying 25+ critical safety spare parts for Indian Railways, specializing in braking solutions, suspensions, propulsion aids and coupling attachments. The company has established a Class 'A' RDSO-certified manufacturing facility in Bhagwanpur, Uttarakhand, spanning 7,173 sq. meters with 8,087 MTPA capacity. With advanced infrastructure, in-house testing, and a strategic location, the company delivers precision-engineered, high-quality metallurgical products at competitive prices. As a late mover, Neetu Yoshi leverages advanced technology, CNC precision, and cost-efficient processes to gain a competitive edge while developing next-gen railway solutions. Neetu Yoshi financial performance In FY24, the company achieved a revenue of Rs 4,733.42 lakh, EBITDA of Rs 1,718.57 lakh, and a PAT of Rs 1,257.72 lakh. For the nine-month period ended December 31, 2024, the company achieved a revenue of Rs 5,136.08 lakh, EBITDA of Rs 1,684.89 lakh, and a PAT of Rs 1,199.24 lakh.

iPad Air M3 and iPad 11 now selling at a lower price in India
iPad Air M3 and iPad 11 now selling at a lower price in India

India Today

time38 minutes ago

  • India Today

iPad Air M3 and iPad 11 now selling at a lower price in India

Apple's latest set of iPads is selling at a lower price in India, which might be a little hard to believe for some, because discounts on new devices rarely happen. While many have started seeing deals on iPhones just a few months after their launch events, we are now witnessing something similar for iPads as well. The iPad Air M3, as well as the iPad 11, were recently introduced in India, and these models are now available on Amazon with big discount offers. Here are the Air M3 and iPad 11 now selling at a lower price in IndiaThe iPad Air M3 is currently selling at Rs 55,999 on both Flipkart and Amazon. This is down from its launch price of Rs 59,900. This clearly shows that these platforms are giving a flat discount of Rs 3,901. In addition to this, one will also find an extra Rs 3,000 discount on the ICICI, Kotak and Axis. This will effectively reduce the price to Rs 52,999. So, one is getting a discount of Rs 6,000, which is not a bad deal for those who are always on the lookout for discount offers on iPads. Also, this is a steal for people because they are able to buy this 3-month iPad at a more accessible price. The mentioned price is for the 128GB storage model with Wi-Fi for the iPad 11, the device is selling on these platforms for Rs 31,999. For your reference, this iPad was launched in India at Rs 34,900. This means that users are getting a flat discount of Rs 2,901. You will also find an extra Rs 2,000 discount on similar bank cards that we have mentioned above. This will effectively reduce the price to Rs 29,999. This means that consumers are getting almost Rs 5,000 discount on this iPad version, which was announced in March iPad Air M3 worth buying?advertisement Apple says its new M3 chip delivers a big performance leap over older models. Compared to the M1, it's nearly twice as fast, and it's significantly quicker than iPads powered by the A14 Bionic. This added power makes the iPad Air M3 suitable for users who want to do tasks like editing videos, creating content, or playing advanced games. People who have been using iPads with older chipsets should consider upgrading to the Air M3 model, but Air M2 users should skip this the performance has taken a clear step forward, the overall design of the iPad Air hasn't changed much. Just like the M2 model, the M3 version continues with Touch ID embedded in the power button and has the same clean, lightweight build. But those looking for advanced features will still find the iPad Pro a step iPad Air, for instance, skips on Face ID — a feature that makes unlocking the device more seamless — and also misses out on the dedicated function row on the Magic Keyboard, something the iPad Pro offers. For users who frequently adjust volume, brightness, or media controls through physical keys, this absence might be a slight has, however, launched a refreshed Magic Keyboard for the iPad Air alongside the new model. While it carries a similar look and layout to the one made for the iPad Pro, the build quality isn't as premium. That said, it does include a 14-key function row, giving users quick access to useful display experience on the iPad Air M3 remains unchanged from the previous model. The 11-inch version still supports up to 500 nits of brightness, while the larger 13-inch model goes up to 600 nits. Both screens support True Tone and P3 Wide Colour, offering vibrant visuals with colour the camera side, Apple continues to offer capable hardware. The front camera is a 12-megapixel ultra-wide sensor that supports Center Stage, which keeps the user in the frame during video calls. The rear camera is also 12MP and can shoot 4K videos at 60fps, along with slow-motion clips at 1080p and short, the iPad Air M3 offers a significant speed upgrade while keeping most other things familiar when compared with the older iPad Air models. It's a reliable option for users who want pro-like performance without stepping into iPad Pro territory.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store