Oberoi Group Co Declares 481% Jump In PAT, Board Approves Dividend

The flagship company of the Oberoi Group, EIH Ltd on Monday declared a sharp jump of 481% YoY in its Profit After Tax (PAT) to Rs 92 crore for the fourth quarter ended March. The company announced consolidated revenues of Rs 664 crore for fourth quarter of FY2023, UP 110% YoY. Board of directors of EIH Ltd recommended a final dividend of 55% for FY 2022-23. Check details below:

EIH Ltd Declares Dividend: According to the BSE filing of the company, “The Board of Directors at their meeting held today has decided to recommend a final dividend @ 55%, i.e., Rs.1.10/- per equity share of face value Rs. 2/- each to the Shareholders for the Financial Year 2022-23.”

EIH Ltd Q4: It declared its consolidated revenue at Rs 2096 crore for the FY 2023, up 101% YoY. EIH registered its profit after tax at Rs 329 crore for financial year 2023, up 446% YoY. Vikram Oberoi, Managing Director & CEO, EIH Limited, 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 per cent for the FY23, on the back of an ARR index of 120 per cent”.

EIH Ltd Stock Performance & Return: The last trading price of EIH is Rs 201.80 per share as of May 22, 2023 on BSE. The stock witnessed a dip of 1.66% intraday on Monday. EIH Ltd share 52-week high price is Rs 218.25 apiece and 52-week low price is Rs 120.50 apiece, respectively. The company’s market capitalisation is Rs 12,619.85 crore. EIH share jumped 18% in last 6-months, 45% in last 1-year, 102% in last 2-years, and 249% in last 3-years.

About: EIH Limited is the flagship company of the Oberoi Group, one of the largest luxury hotel chains in India. It operates hotels under the three renowned names of Oberoi, Trident and Maidens, according to its official website.