EIH (EIHOTEL) Q2 24/25 earnings summary

Executive summary

• Achieved record Q2 performance with highest-ever standalone and consolidated revenue, EBITDA, and PAT, reflecting robust operational momentum and optimism for continued sector growth, with expansion plans for 20 new hotels and cruises by 2029.

• Strong growth in RevPAR, ARR, and occupancy across all domestic hotels, with continued leadership over competition and positive trends in all key segments.

• Unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2024 were approved by the Board on 12th November 2024.

• Both standalone and consolidated results were reviewed by Deloitte Haskins & Sells LLP, with no material misstatements identified.

Financial highlights

• Standalone Q2FY25 revenue from operations rose to ₹520.8 crore, up 12% year-over-year; consolidated revenue up 11% to ₹589.0 crore.

• Standalone EBITDA increased 27% year-over-year to ₹189.2 crore; consolidated EBITDA up 26% to ₹208.2 crore.

• Standalone PAT grew 34% to ₹114.4 crore; consolidated PAT up 41% to ₹132.7 crore year-over-year.

• Net cash positive position maintained, with robust funds to support future expansion.

• Final dividend of ₹1.20 per share for FY24 was approved and paid in August 2024.

Outlook and guidance

• Management remains optimistic about demand outstripping supply in the hospitality sector for the next several years, with expansion strategy targeting evolving traveler aspirations.

• Q3 and Q4 expected to be particularly strong for leisure hotels due to international travel seasonality.

• Ongoing renovations and new property launches are expected to support future growth.

• Results for the first half are not indicative of full-year performance due to the seasonal nature of the Indian hotel industry.