Profit

EIH Posts Three-Fold Rise in June Quarter Profit

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New Delhi: Hospitality major EIH Ltd, which runs hotels and resorts under Oberoi and Trident brands, on Tuesday reported an over three-fold rise in standalone net profit at Rs 19.86 crore for the fiscal first quarter that ended on June 30, 2015, mainly from sale of property in Darjeeling.

It had posted net profit of Rs 6.41 crore for the corresponding period a year ago, EIH said in a filing to the BSE.

Standalone total income from operations rose to Rs 302.42 crore for the quarter, as against Rs 284.12 crore in the year-ago period.

"The exceptional items for three months ended June 30, 2015 represent profit on sale of property at Darjeeling, West Bengal," EIH said.

Founded in 1934, Oberoi Group operates 30 hotels, a Nile Cruiser and a Motor Vessel in the backwaters of Kerala. The group has presence in six countries under the luxury Oberoi and five-star Trident brands. 

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The group is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters.

Shares in EIH Ltd, on Tuesday, ended 0.89 per cent higher at Rs 112.80 apiece on the BSE.

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