EIH: VRS dampener - Views on News from Equitymaster

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EIH: VRS dampener

Nov 14, 2003

East India Hotels (EIH), the second largest hotel chain in the country has reported dismal results for the September quarter. While the company's topline has risen by a healthy 15%, the losses have intensified in the September quarter on a YoY basis. The hit on the bottomline has been mainly due to the strong rise in operating expenses. There has been a significant rise in the interest and depreciation expenses, which has further taken a toll on the company's bottomline.

(Rs m) 2QFY03 2QFY04 Change
Net Sales 821 940 14.5%
Other Income 94 107 14.2%
Expenditure 866 1,133 30.8%
Operating Profit (EBDIT) (45) (193)  
Operating Profit Margin (%) -5.5% -20.5%  
Interest 40 76 90.7%
Depreciation 77 89 15.7%
Profit before Tax -68 -251  
Extraordinary items - -  
Tax 32 80 148.3%
Profit after Tax/(Loss) (36) (170)  
Net profit margin (%) -4.4% -18.1%  
No. of Shares 52.4 52.4  
Diluted Earnings per share* -2.7 -13.0  
(* annualised)      

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Sep 25, 2020 02:52 PM

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