EIH net slumps 69% - Views on News from Equitymaster

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EIH net slumps 69%

Nov 1, 1999

In 2QFY2000, EIH witnessed 69.4% slump in net profit to Rs 82 m. Sales were also lower by 7.2%. A sharp decline in net profit margin to 8.9% (27% in 2QFY1999) is a matter of concern for the company.

  2QFY2000 2QFY1999 Change
Net Sales 920 991 -7.2%
Other Income 90 112 -19.8%
Expenditure 814 711 14.4%
Interest 44 43 2.3%
Depreciation 60 48 24.2%
Profit before Tax 93 301 -69.2%
Tax 11 33 -68.0%
Profit after Tax 82 268 -69.4%
Net profit margin 8.9% 27.0%  

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