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EIH: Signs of recovery but...

Feb 4, 2003

East India Hotels (EIH), which runs the Oberoi chain of hotels declared its 3QFY03 results recently. The company after going through a tough 24 months has posted a 28% growth in revenues during the December quarter. However, the hotel chain was not able to mirror this topline growth at the net profit level. Net profits were down 68% during the quarter.

(Rs m) 3QFY02 3QFY03 Change 9mFY02 9mFY03 Change
Net Sales 836 1,073 28.5% 2,759 2,712 -1.7%
Other Income 98 106 8.0% 308 294 -4.7%
Expenditure 806 1,029 27.7% 2,537 2,703 6.5%
Operating Profit (EBDIT) 30 44 49.5% 222 9 -95.9%
Operating Profit Margin (%) 3.5% 4.1%   8.0% 0.3%  
Interest 41 46 12.4% 138 233 69.1%
Depreciation 68 85 25.4% 213 114 -46.6%
Profit before Tax 19 19 1.1% 179 (44) -124.6%
Extraordinary items - -   - -  
Tax (11) 10 -189.1% 22 (21) -195.4%
Profit after Tax/(Loss) 30 9 -68.9% 157 (23) -114.8%
Net profit margin (%) 3.6% 0.9%   5.7% -0.9%  
No. of Shares 52.4 52.4   52.4 52.4  
Diluted Earnings per share* 2.3 0.7   4.0 -0.6  
* annualised            

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Sep 18, 2020 (Close)

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