EIH reports first ever net profit in Q3FY22 post beginning of pandemicEIHOTEL - 138 Change: 0.00 (0.00 %)
News: EIH’s revenues for Q3FY22 improved sharply by 101.6% YoY, 55.9% QoQ to Rs.314.4 crore. EBITDA margin also recovered to 21.7% due to contained operating costs. PAT came in at Rs.32.6 crore vs net loss of Rs.41.5 crore last year and net loss of Rs.50.4 crore last quarter.
Views: Given the healthy margin recovery led by sharp improvement in the revenues, we expect margins to surpass its pre-covid levels post full recovery of the business.