EIH Q2 Results: Net profit up 19%; approves ₹777 crore Trident Hotel near Hyderabad Airport

Résumé détaillé

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 22.7% to ₹189 crore in the September quarter from ₹154 crore in the year-ago period. The EBITDA margin expanded to 27.2% from 25.7% in the corresponding quarter last year.

EIH Ltd, the operator of Oberoi and Trident hotels, on Thursday (November 12) reported a 19.3% year-on-year increase in net profit to ₹136 crore for the second quarter of FY27, compared with ₹114 crore in the corresponding quarter last year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 22.7% to ₹189 crore in the September quarter from ₹154 crore in the year-ago period. The EBITDA margin expanded to 27.2% from 25.7% in the corresponding quarter last year.

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Also, the company approved an investment of ₹777 crore to construct a five-star deluxe Trident hotel near Shamshabad Airport in Hyderabad. The hotel will be built on an 8.89-acre site owned by the company and is expected to become operational by September 2030.

The proposed hotel will cater to both domestic and international travellers. The investment will be financed through a combination of internal accruals and debt. EIH said the project is part of its portfolio expansion in the domestic tourism sector.

In a separate disclosure, EIH said its subsidiary, Svara Hotels Ltd, formerly known as Mumtaz Hotels Ltd, has received alternate land from the Andhra Pradesh government in exchange for the earlier land allotted for the proposed Trident hotel project in Tirupati.

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The revised investment estimate for the Tirupati project is ₹344 crore. The hotel will have 124 keys, 132 bays and eight suites, and is expected to commence operations by March 2030. The project will cater to domestic and international travellers and will be financed through internal accruals and debt.

Shares of EIH Ltd ended at ₹316.65, up by ₹5.35, or 1.72%, on the BSE.

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