Mumbai: Oberoi Resorts father or mother EIH Ltd has posted a 61% soar in its consolidated internet revenue for the primary quarter of the fiscal, whereas its income jumped 26.7%, in comparison with yr in the past interval.
The hospitality firm posted a revenue after tax of ₹106 crore within the quarter ended 30 June, in comparison with ₹69.44 crore within the corresponding quarter of the earlier fiscal.
Complete revenue from operations was at ₹522.6 crore, up from 412.33 crore within the first quarter final yr.
EIH’s working revenue for the quarter went up by 53.1% to ₹180 crore within the quarter underneath assessment
“We’re delighted with the outstanding monetary efficiency for the primary quarter of FY’24. The numerous progress in income and profitability displays the dedication of our staff and the enduring belief of our valued friends,” commented Vikram Oberoi, CEO and MD, EIH Ltd.
Based in 1934, Oberoi Resorts operates 32 motels and two Nile Cruisers.
The Group has presence in seven nations underneath the posh ‘Oberoi’ and five-star ‘Trident’ model.
EIH inventory closed flat at ₹209.85 apiece on BSE on Tuesday.
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Up to date: 09 Aug 2023, 03:00 AM IST
Supply: Live Mint