EIH Q4 results: Hospitality firm reports net loss of Rs 49 crore

NEW DELHI: Hospitality firm EIH, which runs a series of accommodations and resorts underneath Oberoi and Trident manufacturers, on Friday reported a consolidated net loss of Rs 48.83 crore for the quarter ended March 31, 2021.

The corporate had posted a web revenue of Rs 33.16 crore within the corresponding interval of the previous fiscal, EIH stated in a regulatory submitting.

Consolidated revenue from operations throughout the quarter underneath overview stood at Rs 216.26 crore. It was Rs 410.44 crore for a similar interval a 12 months in the past, it added.

For the fiscal 12 months ended March this 12 months, consolidated web lack of the corporate was at Rs 375.44 crore. It was a web revenue of Rs 165.14 crore for the earlier fiscal 12 months, the submitting stated.

Consolidated income from operations for FY21 was at Rs 497.08 crore. It was Rs 1,596.25 crore within the earlier fiscal 12 months, it added.

In a separate submitting, EIH stated that as the corporate has incurred loss within the monetary 12 months ended on March 31, 2021, the board of administrators has determined to not suggest dividend to the shareholders for FY2020-21.

Shares of closed at Rs 90.10 per scrip on the BSE, up 0.11 per cent from their earlier shut.

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