EIHOTEL · Consumer Services
EIH Ltd. reported revenue of ₹800 cr for October to December 2024, +8.0% on the year and +35.8% on the quarter. It is the highest quarterly revenue in the last 7 quarters on record.
Operating profit (EBITDA) was ₹357 cr, a margin of 44.6%, +90 bps on the year and +1,491 bps on the quarter. It is the widest margin of the last 7 quarters (range 25.6% to 44.6%). Operating costs grew +6.2% against revenue growth of +8.0%, so more of each rupee of sales reached operating profit.
Net profit was ₹279 cr, +21.3% on the year and +109.8% on the quarter, with earnings per share of ₹4.23. Profit before other income, one-offs and tax grew 10.5%, so 11 points of the headline growth came from outside the core business. The tax rate of 23% is in line with its recent average.
On earnings per share of ₹11.34 over the last four quarters, the stock at ₹308.55 trades at 27.2 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹531 cr | ₹741 cr | ₹741 cr | ₹527 cr | ₹589 cr | ₹800 cr | ₹827 cr | ₹574 cr | ₹598 cr | ₹873 cr | ₹895 cr | ₹657 cr |
| YoY | — | — | — | +6% | +11% | +8% | +12% | +9% | +2% | +9% | +8% | +14% |
| EBITDA margin | 26.9% | 43.7% | 41.0% | 25.6% | 29.7% | 44.6% | 42.4% | 27.9% | 25.8% | 43.1% | 37.3% | 25.4% |
| Other income, % of PBT | 20% | 6% | 20% | 28% | 23% | 13% | 12% | −122% | 32% | 7% | 21% | 27% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 28% | 24% | 27% | 28% | 24% | 23% | 26% | 32% | 30% | 29% | 32% | 29% |
| Net profit | ₹94.0 cr | ₹230 cr | ₹248 cr | ₹97.0 cr | ₹133 cr | ₹279 cr | ₹262 cr | ₹37.0 cr | ₹117 cr | ₹255 cr | ₹249 cr | ₹120 cr |
| YoY | — | — | — | −8% | +41% | +21% | +6% | −62% | −12% | −9% | −5% | +224% |
| Core profit YoY | — | — | — | −17% | +30% | +10% | +16% | +24% | −16% | +6% | −7% | +3% |
| EPS | ₹1.49 | ₹3.51 | ₹3.56 | ₹1.47 | ₹2.08 | ₹4.23 | ₹4.04 | ₹0.54 | ₹1.82 | ₹3.89 | ₹3.80 | ₹1.87 |
| Flags | · | · | · | 1 | ✓ | ✓ | ✓ | ✓ | 1 | ✓ | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
EIH Ltd. reported revenue of ₹800 cr (+8.0% on the year) and net profit of ₹279 cr (+21.3% on the year) for October to December 2024.
Profit before other income, exceptional items and tax moved +10.5% on the year, against +21.3% for reported profit.
None of the 7 checks that could run raised a question.
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