EIH Ltd., the hospitality arm of The Oberoi Group, saw its shares dip nearly 3% in early trade on Wednesday after announcing its financial results for the first quarter of FY26. AS of 9:24 AM, the shares were trading 2.77% lower at Rs 361.55.
While the company delivered solid growth in revenue and operating performance, a sharp drop in net profit took investors by surprise.
In the June quarter, EIH reported an 8.9% year-on-year rise in consolidated revenue, reaching ₹573.58 crore, compared to ₹526.54 crore in the same period last year. The strong top-line growth was supported by steady demand in the premium hospitality segment.
EBITDA for the quarter rose 19% to ₹159.81 crore, up from ₹134.86 crore a year ago, indicating improved operational efficiency. The EBITDA margin also expanded to 27.9%, compared to 25.6% in Q1 FY25.
However, the bottom line saw a steep decline. Net profit plunged 63% YoY to ₹33.86 crore, down from ₹92.19 crore in the same quarter last year.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
