EIH Q4 Results: Profit Soars by 164.23% Year Over Year Live

EIH, a prominent player in the hospitality sector, has reported impressive Q4 results for the financial year 2024. The company’s top-line revenue saw a substantial growth of 16.37% compared to the same quarter last year, while the profit surged by an impressive 164.23% year-on-year.

In comparison to the previous quarter, EIH witnessed a marginal increase of 0.01% in revenue and a 1.66% increase in profit. The Selling, general & administrative expenses showed a quarterly increase of 4.46% and a yearly rise of 12.17%.

The operating income of EIH witnessed a remarkable quarterly growth of 8.09% and an outstanding yearly increase of 138%. The Earnings Per Share (EPS) for Q4 stood at ₹3.37, marking a substantial 79.56% increase from the previous year.

Despite some volatility in the stock market, EIH has shown impressive returns of 85.41% in the last 6 months and 74.97% year-to-date. As of 31 May, 2024, EIH has a market capitalization of ₹27300.27 Cr, with a 52-week high/low of ₹502.2 and ₹203.3 respectively.

Analysts covering the company have provided a unanimous Buy rating, with the consensus recommendation also being to Buy. The Q4 profit stood at ₹222.93 Cr, and the revenue for the quarter was reported at ₹741.34 Cr.

Investors and stakeholders are advised to stay updated on quarterly results with the company’s results calendar for further insights into EIH’s performance in the market.