EIH Limited — Updates, 13-11-2024: Press Release

EIH Ltd. has reported a strong financial performance for Q2 FY25, achieving record revenue and profit, highlighting the company's robust growth in the luxury hospitality sector. Standalone revenue reached ₹558 Cr, up 14% year-on-year, with an EBITDA of ₹189 Cr, illustrating a 27% increase. Profit After Tax soared by 34% to ₹114 Cr. Consolidated results mirrored this success, with a revenue of ₹623 Cr (up 13%), EBITDA of ₹208 Cr (up 26%), and a 41% rise in Profit After Tax to ₹133 Cr.

The company is on track with strategic expansion plans, with a pipeline of 20 properties slated for completion by 2029, including 11 new hotels and two luxury boats. These additions span both domestic and international markets, enhancing the overall portfolio to approximately 1,350 keys under the Oberoi and Trident brands. The leadership emphasizes that this growth reflects strong market demand and underscores EIH’s commitment to excellence and sustainable practices, positioning it well for future opportunities in the evolving luxury travel segment.