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Home STOCKS EIH Inns Q4 results: Net profit rises 66.46% to Rs 33.16 crore

EIH Inns Q4 results: Net profit rises 66.46% to Rs 33.16 crore

New Delhi: EIH Inns, which runs chain of hotels and resorts less than Oberoi manufacturer, on Friday described 66.46 for every cent enhance in consolidated net profit to Rs 33.16 crore in the fourth quarter finished March 31.
The enterprise experienced posted a consolidated net profit of Rs 19.92 crore in the very same quarter earlier fiscal, EIH Resorts said in a regulatory filing.
Consolidated revenue from functions all through the quarter under evaluate stood at Rs 410.44 crore as in contrast to Rs 503.45 crore in the year-back interval, it included.
For 2019-20, the organization stated its consolidated net profit was at Rs 165.14 crore as towards Rs 148.96 crore in 2018-19.
Consolidated revenue from functions for FY20 was at Rs 1,596.25 crore as when compared to Rs 1810.82 crore in FY19, it claimed.
In a individual filing, EIH Ltd explained the effects of COVID-19 outbreak on its business enterprise for the economical calendar year finished March 31, 2020 have been confined, as company was impacted only in the latter 50 % of March 2020.
Nevertheless, in view of the ongoing impression in Q1 FY20, several charge rationalisation steps have been initiated subsequent to the year conclude and are staying monitored, it included.
The company more explained motels in most spots have been allowed to resume functions effective June 8 with the balance anticipating to open by July 1.

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