EIH (EIHOTEL) Q4 23/24 earnings summary

Executive summary

• Achieved record financial performance in FY 2023-24, with strong growth in revenue, profitability, and operational metrics.

• Continued expansion of luxury hospitality portfolio, with new hotel and cruise projects in the pipeline.

• Maintained industry leadership in guest experience, sustainability, and corporate governance.

Financial highlights

• Revenue reached ₹23,168 million, up 26.2% year-over-year.

• EBITDA grew 45.6% to ₹9,109 million; Profit Before Tax rose 58.5% to ₹6,920 million.

• Net Profit increased 62.7% to ₹5,209 million; EPS at ₹8.33 vs. ₹5.12 last year.

• Proposed dividend of ₹1.20 per share, a 9.09% increase.

• Net worth improved 14.45% to ₹35,686 million.

Outlook and guidance

• Positive outlook for FY 2024-25, with premium hotel occupancy rates expected at 70-72% and ARRs projected to rise further.

• Four new projects scheduled to be operational in FY 2024-25, including luxury hotels and Nile cruises.

• Continued focus on sustainability, digital transformation, and expansion in India and international markets.