EIH (EIHOTEL) Q3 24/25 earnings summary

Executive summary

• Achieved highest-ever Q3 standalone and consolidated financial performance, with strong revenue and profit growth year-over-year, driven by robust demand and premium positioning.

• Premium segment hotels continue to show strong growth in occupancy, ARR, and RevPAR, with Oberoi outperforming Trident and industry benchmarks.

• Maintained premium positioning, receiving multiple global awards for hotel excellence and service.

• Expansion plans include 19 new properties, with a mix of owned and managed hotels, and a focus on both domestic and international markets.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December 2024 were approved by the Board on 11th February 2025.

Financial highlights

• Standalone Q3 FY25 revenue rose 6% to ₹695.4 crore, EBITDA up 7% to ₹329.5 crore, and PAT up 18% to ₹219.7 crore year-over-year.

• Consolidated Q3 FY25 revenue increased 8% to ₹800.2 crore, EBITDA up 10% to ₹387.8 crore, and profit for the period up 21% to ₹278.8 crore year-over-year.

• Q3 marked the highest ever performance in revenue, EBITDA, and PAT, supported by high occupancy and ARR.

• Achieved a net cash positive position of ₹744 crore as of December 31, 2024.

• Basic and diluted EPS (consolidated) for Q3 FY25 was ₹4.23, up from ₹3.51 in Q3 FY24.

Outlook and guidance

• Management remains confident in sustaining and enhancing ADRs, citing high demand and underpricing relative to global peers.

• Growth in rates is expected to be a key driver until new properties come online, with a focus on maximizing ARR even at the cost of occupancy.

• The Indian hotel sector is poised for significant expansion, driven by domestic tourism, corporate travel, and emerging segments like MICE and luxury wellness.

• No formal revenue guidance provided for the next three to five years.

• The company continues to exercise control over Mashobra Resort Limited (MRL) until 31st March 2025, as per Supreme Court order.