Shares of EIH Ltd, the parent company of the Oberoi Group, fell 2.03% to Rs 378.70 on Tuesday after the hospitality firm reported a 12.4% year-on-year decline in net profit for the September quarter (Q2 FY26). The company posted a net profit of Rs 113.7 crore, compared to Rs 129.8 crore in the same period last year.
Revenue from operations, however, rose slightly by 1.5% YoY to Rs 597.9 crore, up from Rs 589 crore a year earlier, indicating steady top-line performance despite weaker earnings.
On the operational front, EBITDA fell 11.8% to Rs 154.2 crore from Rs 174.7 crore, while EBITDA margin slipped to 25.8% from 29.6% in the corresponding period last year. The decline reflects rising operating expenses and pressure on cost efficiency within the hospitality sector.
EIH Ltd had earlier reported a 63% YoY decline in profit in Q1 FY26, showing a gradual recovery but still trailing last year’s profitability levels. The company has scheduled its analyst conference call for November 14, where management is expected to share further insights into Q2 performance and its business outlook for the remainder of FY26.
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