EIH Q1 Results Live : profit falls by 11.15% YOY

EIH Q1 Results Live : EIH announced their Q1 results on 06 Aug, 2024, revealing a 5.71% increase in revenue but an 11.15% decrease in profit compared to the same quarter last year.

Quarterly comparisons show a significant decline in revenue by 28.97% and a sharp fall in profit by 58.65%.

The company managed to reduce Selling, General & Administrative expenses by 0.91% sequentially, but saw a 17.45% increase year-on-year.

Operating income took a hit, dropping by 65.54% quarter-on-quarter and 19.58% year-on-year for EIH.

Earnings Per Share (EPS) for Q1 were reported at ₹1.49, marking a 9.95% decrease year-on-year.

EIH's stock performance in the market has been volatile, with -9.84% return in the last week, but a strong 11.59% return over the past 6 months and a significant 58.98% Year-to-Date return.

The company currently holds a market capitalization of ₹24805.07 Cr, with a 52-week high/low of ₹502.2 & ₹205.05 respectively.

Analyst coverage as of 07 Aug, 2024 shows 1 Buy rating out of 1 analyst covering EIH, with a consensus recommendation to Buy.

Investors and analysts will be closely monitoring EIH's strategies and performance in the upcoming quarters to assess its financial health and growth prospects.