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Mumbai: Oberoi Hotels parent EIH Ltd has posted a 61% jump in its consolidated net profit for the first quarter of the fiscal, while its revenue jumped 26.7%, compared to year ago period.
\n \nMumbai: Oberoi Hotels parent EIH Ltd has posted a 61% jump in its consolidated net profit for the first quarter of the fiscal, while its revenue jumped 26.7%, compared to year ago period.
\n\nThe hospitality company posted a profit after tax of ₹106 crore in the quarter ended 30 June, compared to ₹69.44 crore in the corresponding quarter of the previous fiscal.
\nThe hospitality company posted a profit after tax of ₹106 crore in the quarter ended 30 June, compared to ₹69.44 crore in the corresponding quarter of the previous fiscal.
\n\n \n₹106 crore\" data-vars-event-id = \"11691529688073\" data-vars-event-url = \"https://www.livemint.com/companies/company-results/oberoi-hotels-q1-results-pat-jumps-61-to-rs-106-crore-11691529688073.html\">Subscribe to Continue Reading
Total income from operations was at ₹522.6 crore, up from 412.33 crore in the first quarter last year.
\n \nEIH’s operating profit for the quarter went up by 53.1% to ₹180 crore in the quarter under review
\n\"We are delighted with the remarkable financial performance for the first quarter of FY’24. The significant growth in revenue and profitability reflects the dedication of our team and the enduring trust of our valued guests,\" commented Vikram Oberoi, CEO and MD, EIH Ltd.
\nFounded in 1934, Oberoi Hotels operates 32 hotels and two Nile Cruisers.
\n \nThe Group has presence in seven countries under the luxury \'Oberoi\' and five-star \'Trident\' brand.
\nEIH stock closed flat at ₹209.85 apiece on BSE on Tuesday.
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