EIH Ltd.
Q4FY23 Quarterly & FY23 Annual Result Announced for EIH Ltd.
Hotels company EIH announced Q4FY23 & FY23 results:
- Q4FY23:
- Revenue: Rs 664 crore, up 110% YoY
- EBITDA: Rs 231 crore, up 561% YoY
- EBITDA%: 34.8%, up 23.8 pp YoY
- PAT: Rs 92 crore, up 481% YoY
- FY23:
- Revenue: Rs 2,096 crore, up 101% YoY
- EBITDA: Rs 675 crore, up 1,076% YoY
- EBITDA%: 32.2%, up 26.7 pp YoY
- PAT: Rs 329 crore, up 446% YoY
Commenting on the FY23 performance, Vikram Oberoi, Managing Director & CEO, EIH, said, “FY23 has been a record year for EIH Limited, reporting the highest ever full-year consolidated revenue, EBITDA and PAT. Hotels managed by EIH Limited achieved an industry leading RevPAR index of 127% for the FY23, on the back of an ARR index of 120%. We would like to acknowledge the significant contribution of our Chairman Emeritus, Mr. PRS Oberoi in creating a very strong foundation for the Company and building some of the world’s finest hotels on the base of which these results have been achieved.”
Arjun Oberoi, Executive Chairman, EIH, added, "Our exceptional performance is a testament to our unwavering commitment to quality, our premium positioning, and our meticulous attention to detail. We're not just about iconic hotels; we're about creating unforgettable experiences."
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