EIH Q4 Review - Firm Balance Sheet To Help Weather Medium-Term Challenges: ICICI Direct

EIH Ltd., under the aegis of The Oberoi Group, operates hotels and cruisers in five countries under the luxury ‘Oberoi’ and five-star ‘Trident’ brands. (Source: EIH website)

EIH Q4 Review - Firm Balance Sheet To Help Weather Medium-Term Challenges: ICICI Direct

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ICICI Direct Report

EIH Ltd.’s operational performance in Q4 FY21 was impacted by impairments and rise in other costs despite improvement in revenues.

This led the company to report a net loss of Rs 68.1 crore versus loss of Rs 41.5 crore in Q3 FY21.

Pickup in leisure segment in January-February led to 20.5% QoQ growth in revenue to Rs 187.9 crore (versus our estimate of Rs 149 crore).

However, it was down 46.5% YoY as foreign tourist arrivals continued to be affected by Covid-19 induced restricted travel.

Click on the attachment to read the full report:

ICICI Direct EIH Q4FY21 Result Update.pdf

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