EIH (EIHOTEL) Q2 24/25 earnings summary

Executive summary

• Achieved historic best-ever Q2 results on both standalone and consolidated basis, with strong revenue and profit growth year-over-year and optimism for continued sector growth and robust expansion plans including 20 new hotels and cruises by 2029.

• Maintained premium brand positioning, reflected in multiple international awards and accolades for properties and service.

• 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

• Q2 FY25 standalone revenue was ₹520.72 crore, up 12% year-over-year; consolidated revenue was ₹588.99 crore, up 11% year-over-year.

• Standalone EBITDA for Q2 was ₹189.2 crore, up 27%; consolidated EBITDA was ₹208.2 crore, up 26%.

• Standalone PAT for Q2 was ₹114.43 crore, up 34%; consolidated PAT was ₹132.70 crore, up 41% year-over-year.

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

• Fund position remains strong with robust net cash positive position supporting future growth and expansion.

Outlook and guidance

• Management remains optimistic about demand outstripping supply in the hospitality sector for the next several years, driven by domestic tourism, MICE, weddings, and luxury wellness segments.

• 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.