EIH Associated Hotels Limited, a member of The Oberoi Group, announced its unaudited standalone financial results for the quarter ended 30 June 2026 (Q1 FY27), approved by the Board of Directors in a meeting held on 04 August 2026. The meeting started at 11:30 AM and concluded at 12:40 PM. The results were reviewed by the Audit Committee on 03 August 2026.
Financial Performance (Standalone, Rs. in Lakhs)
For the quarter ended 30 June 2026:
- Revenue from operations: ₹6,597.99
- Other income: ₹586.81
- Total Income: ₹7,184.80
- Total Expenses: ₹6,339.19, comprising:
- Consumption of provisions, wines and others: ₹564.15
- Employee benefits expense: ₹1,767.62
- Finance costs: ₹12.11
- Depreciation and amortisation expense: ₹443.23
- Other expenses: ₹3,552.08
- Profit before exceptional items and tax: ₹845.61
- Exceptional Items: ₹0 (nil)
- Profit before tax: ₹845.61
- Tax expense: ₹156.12, comprising:
- Current tax: ₹144.52
- Deferred tax: ₹11.60
- Profit after tax: ₹689.49
- Other comprehensive income (net of tax): ₹1.68, primarily from re-measurements of defined benefit plans (₹2.25) and related tax (₹-0.57)
- Total comprehensive income: ₹691.17
- Paid-up equity share capital (Face Value ₹10 each): ₹6,093.63
- Other equity: ₹54,147.39
- Earnings per share (Basic and Diluted): ₹1.13
Comparative Figures
Quarter ended 30 June 2025 (Q1 FY26):
- Revenue from operations: ₹6,874.35
- Other income: ₹493.75
- Total Income: ₹7,368.10
- Total Expenses: ₹6,408.68
- Profit before exceptional items and tax: ₹959.42
- Exceptional Items: ₹-131.20 (Note: Trident Jaipur renovation impact)
- Profit before tax: ₹828.22
- Tax expense: ₹210.62
- Profit after tax: ₹617.60
- EPS: ₹1.01
Quarter ended 31 March 2026 (Q4 FY26):
- Revenue from operations: ₹12,719.05
- Other income: ₹531.94
- Total Income: ₹13,250.99
- Total Expenses: ₹8,203.83
- Profit before exceptional items and tax: ₹5,047.16
- Exceptional Items: ₹0 (nil)
- Profit before tax: ₹5,047.16
- Tax expense: ₹1,283.67
- Profit after tax: ₹3,763.49
- EPS: ₹6.18
Notes to the Financial Results
1. The financial results are prepared in accordance with Ind AS 34, prescribed under the Companies Act, 2013, and comply with SEBI Listing Regulations (Regulation 33).
2. The Company has a single reportable segment: Hotels.
3. Labour Codes Impact: On 21 November 2025, the Government of India notified new Labour Codes. The Company recognized an incremental obligation of ₹328.17 lakhs for increased employee benefit liabilities from past service, treated as an Exceptional Item in FY26 (year ended 31 March 2026). This was a non-recurring item due to new legislation.
4. Trident Jaipur Renovation: The Trident Jaipur hotel was temporarily closed for renovation from 01 July 2025. In Q1 FY26 (quarter ended 30 June 2025), an adjustment of ₹131.20 lakhs was recorded as an Exceptional Item. In Q2 FY26 (quarter ended 30 September 2025), a gain of ₹83.99 lakhs on disposal of PPE was recorded as an Exceptional Item. The net impact for FY26 was ₹47.21 lakhs under Exceptional Items.
5. Dividend: The Board, in its meeting on 22 May 2026, proposed a final dividend of ₹3.50 per share for FY 2025-26, subject to shareholder approval at the ensuing Annual General Meeting, as per Section 123 of the Companies Act, 2013.
6. Seasonality: The unaudited results for the quarter are not indicative of the full year's performance due to the seasonal nature of the Indian Hotel Industry.
7. Figures for 3 months ended 31 March 2026 are balancing figures between audited full-year FY26 and unaudited published figures for 9 months ended 31 December 2025.
8. Earnings per share are not annualized except for the year ended 31 March 2026.
Auditor's Review
Deloitte Haskins & Sells LLP issued a limited review report dated 04 August 2026, stating that based on their review, nothing has come to their attention that causes them to believe the Statement contains any material misstatement or has not disclosed information required by Regulation 33 of SEBI LODR. The review was conducted in accordance with SRE 2410 issued by ICAI.