Synopsis
EIH Limited, the flagship company of The Oberoi Group has posted a profit of Rs 677.7 crore for financial year 2024, up 105.9% year on year. The luxury hotel chain posted revenues of Rs 2626 crore for fiscal year 2024, up 25.3% year on year.
EIH Limited, the flagship company of The Oberoi Group has posted a profit of Rs 677.7 crore for financial year 2024, up 105.9% year on year. The luxury hotel chain posted revenues of Rs 2626 crore for fiscal year 2024, up 25.3% year on year.
On a quarterly basis, the chain posted a profit of Rs 247.6 crore for the fourth quarter of fiscal year 2024, up 168.7% year on year. EIH Limited posted revenues of Rs 781 crore for the fourth quarter of fiscal year 2024, up 17.6% year on year.
“I am pleased to report that in the fourth quarter and full fiscal year, 2023-2024, our company achieved exceptional financial results, with a significant increase in revenue and profits,” said Arjun Oberoi, executive chairman of EIH Ltd. “This success reflects our team's dedication and commitment to providing our guests with a world class hospitality experience. I am also happy to share, that these results have been achieved with an increased focus on Environmental, Social and Governance (ESG) principles, reinforcing our commitment to sustainable business practices,” he added.
Vikram Oberoi, CEO and MD of EIH Ltd said the company’s ‘excellent’ financial performance in quarter four and full fiscal year 2023-2024 underscores the premium and value the company’s guests place on its ‘unwavering’ commitment to personalised service. “We are deeply grateful to our guests for their trust and to our teams for their dedication. Our strong financial position empowers us to pursue continued growth, benefiting all our stakeholders,” he added.
EIH Ltd owns and operates a portfolio of hotels and resorts under the 'Oberoi' and 'Trident' brands in India and abroad.
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