Regulatory Disclosure

Financial Performance Highlights

EIH Limited reported consolidated financial results for FY 2025-26 with revenue growth but profit decline due to exceptional items:

Consolidated Results:

  • Total Revenue: ₹31,057 million (8% increase YoY)
  • EBITDA: ₹11,899 million (3% increase YoY)
  • Profit After Tax (PAT): ₹6,573 million (15% decrease YoY)
  • Proposed Dividend: ₹938 million (₹1.50 per share)
  • Net Worth: ₹54,093 million (14% increase YoY)
  • Bank Borrowings: Nil (zero debt position)

Standalone Results:

  • Revenue from operations: ₹26,368.74 million
  • Profit for the year: ₹5,385.12 million
  • Exceptional items: ₹1,320.75 million including obligation towards user fees, fair value changes, and labour code impacts

Operational Metrics & Business Performance

  • Occupancy Rate: 76.8%
  • Average Room Rate (ARR): ₹22,651 (14% increase YoY)
  • Portfolio: 30 hotels with 4,209 keys (owned and managed) + 1 cruise
  • Pipeline Development: 31 projects with 2,718 keys including owned properties in Visakhapatnam, Goa, London, and Tirupati

Strategic Developments & Expansion

New Openings (FY 2025-26):

  • The Oberoi Rajgarh Palace, Khajuraho (66-key owned property)
  • Naila Fort, An Oberoi Luxury Residence, Jaipur (4-bedroom private estate)

New Signings:

Oberoi Hotels: Kabini (60 keys), Hampi (60 keys), Coorg (100 keys), Cairo (147 keys)

Trident Hotels: Amritsar (150 keys), Pavana (150 keys, near Mumbai)

Restoration Projects:

  • The Oberoi Grand, Kolkata: Comprehensive structural restoration underway with Phase 1 reopening expected
  • The Oberoi, Mumbai: Completed renovation of 10th and 11th floors
  • Trident, Nariman Point: Renovation of four floors commenced

Significant Property Transactions

The company obtained approval for conversion of leasehold lands at Nariman Point, Mumbai into freehold status, adding ₹5.47 billion to property assets. The land parcels (Plot No. 233: 8,364 sq. m., Plot No. 234: 6,795.23 sq. m.) were originally granted on long-term leases effective 1971.

ESG Performance & Sustainability

  • Renewable Energy Consumption: 39,326 GJ
  • Water Consumption: 1,008,549 KL
  • Waste Recycled: 2,456.7 MT
  • Female Employees: 25.63% across owned and managed hotels
  • Female Board Representation: 33.33%
  • CSR Beneficiaries: 51,959
  • Net Zero Target: Commitment to achieve by 2050

Corporate Governance & Compliance

The company maintained full compliance with SEBI Listing Regulations and Companies Act, 2013:

  • Board Composition: 9 Directors (2 Executive, 7 Non-Executive including 5 Independent)
  • Committee Meetings: Audit Committee (5 meetings), Risk Management Committee (2 meetings), CSR Committee (2 meetings)
  • Director Remuneration: Executive directors received total remuneration of ₹158-160 million each
  • Shareholding Pattern: Promoters hold 32.85%, with 99.57% shares in dematerialized form
  • Investor Complaints: 19 complaints received, 17 resolved satisfactorily

Subsidiaries & Investments

Key investments include:

  • EIH International Ltd (100% subsidiary, British Virgin Islands)
  • Oberoi Kerala Hotels and Resorts Limited (80% subsidiary)
  • Svara Hotels Limited (60% subsidiary)
  • EIH Associated Hotels Limited (36.81% associate)

Auditor's Report & Key Audit Matters

Deloitte Haskins & Sells LLP issued an unmodified opinion. Key audit matters included:

  • Goodwill impairment testing of EIH International Ltd (₹4,302.43 million)
  • Title deed irregularities for properties held in previous legal name
  • Property conversion accounting for Mumbai land parcels

Significant Events & Contingencies

  • Mashobra Resort Limited: Vacated and handed over Wildflower Hall property to Government of Himachal Pradesh pursuant to Supreme Court order
  • Labour Code Implementation: Recognized incremental obligation of ₹300 million due to enactment of new labour codes
  • Tirupati Project: Surrendered lease resulting in impairment of capital work-in-progress
  • Contingent Liabilities: ₹1,609.81 million including sales tax, GST, and income tax matters

Dividend & Capital Structure

The Board recommended a final dividend of ₹1.50 per equity share (75%) for FY 2025-26, subject to shareholder approval. Record date for dividend payment is 31st July 2026.

Capital Structure:

  • Authorized share capital: 1,500,000,000 equity shares of ₹2 each
  • Issued, subscribed and paid-up: 625,364,182 equity shares of ₹2 each

Forward-looking Statements & Outlook

The report contains cautionary statements that actual results may differ materially from expectations due to risks and uncertainties. The company continues to focus on expansion with 31 hotels in pipeline adding 2,718 keys, while maintaining strong corporate governance and ESG commitments.