EIH Associated Hotels Ltd’s net profit tanks 44% to Rs 10.7 cr for Q4FY20

New Delhi: Oberoi Group company EIH Associated Hotels Ltd’s net profit tanked 44 percent to Rs 10.7 crore for the fourth quarter of the fiscal 2019-20 as compared net profit of Rs 18 crore in the corresponding quarter of the previous fiscal.

The company’s revenue from operations fell about 16 percent to Rs 70.61 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 84 crore in the same quarter of the previous fiscal. .

The company’s net profit remained flat at Rs 37 crore for the entire fiscal 2019-20 as compared to Rs 37 crore in the previous fiscal. 

The company’s revenue from operations fell to Rs 249 crore for the entire fiscal 2019-20 as compared to Rs 264 crore for the previous fiscal.

The total expenses of the company fell to Rs 57 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 60 crore in the corresponding quarter of the previous fiscal. The total expenses of the company remained flat at Rs 215 crore in the 2019-20 fiscal as compared to Rs 215 crore in the previous fiscal, the company said in a regulatory filing.

 

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