Hot Pursuit     24-Jan-20
EIH Associated Hotels gains after Q3 profit rises 17.5%
EIH Associated Hotels rose 2.59% to Rs 303.05 after the hotel management company announced decent Q3 numbers after market hours yesterday, 23 January 2020.
On standalone basis, the company reported a 17.5% rise in net profit to Rs 20.37 crore in Q3 December 2019 as against Rs 17.33 crore reported in Q3 December 2018. Net sales for the quarter rose 1.2% to Rs 85.82 crore on YoY basis.

Profit before tax stood at Rs 28.67 crore in Q3 December 2019, up by 6.6% from Rs 26.90 crore in Q3 December 2018. Tax expenses declined 18.4% to Rs 8.08 crore in Q3 FY20 from Rs 9.9 crore in Q3 FY19.

EIH Associated Hotels is an associate company of EIH, the flagship company of the Oberoi Group, one of the largest and most well-known hospitality groups in India. EIH will announce its Q3 December 2019 earnings today. EIH holds 36.81% stake in EIH Associated Hotels

Previous News
  EIH Associated Hotels standalone net profit rises 40.66% in the March 2024 quarter
 ( Results - Announcements 25-May-24   07:44 )
  EIH Associated Hotels gains after Q3 profit rises 17.5%
 ( Hot Pursuit - 24-Jan-20   13:03 )
  EIH Associated Hotels standalone net profit rises 11328.57% in the December 2021 quarter
 ( Results - Announcements 29-Jan-22   08:12 )
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  Board of EIH Associated Hotels approves bonus issue of 1:1
 ( Corporate News - 14-Jun-24   15:03 )
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 ( Corporate News - 10-May-23   17:22 )
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 ( Corporate News - 17-Oct-14   17:23 )
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