EIH Assoc.Hotels Q1 FY27 Results (NSE: EIHAHOTELS)
Signal: Revenue declined
The read
Revenue declined 4% YoY to ₹6,598 Lakh, but PAT grew 11.6% to ₹689 Lakh, aided by higher other income (+18.8%) and lower other expenses (-2.8%). EBITDA margin slipped 53bps YoY to 19.72%. The quarter is seasonally weak; the company maintains low debt (finance cost negligible). Exceptional items absent vs last year's ₹131 Lakh loss from Trident Jaipur closure.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹65.98 Cr | -4.02% | -48.13% |
| EBIT | ₹8.58 Cr | -11.7% | |
| Net profit | ₹6.89 Cr | 11.6% | |
| EPS | ₹1.13 | 11.9% | |
| EBIT margin | 19.72% |
P&L walk
Revenue fell 4% YoY, but PAT rose 11.6% driven by higher other income (+18.8%) and lower other expenses (-2.8%). EBITDA margin contracted 53bps to 19.72% on lower revenue and higher depreciation. The quarter is seasonally weak; Q4 is the peak.
Key positives
- PAT growth of 11.6% YoY despite revenue decline, driven by higher other income (+18.8%) and cost control.
- Low debt (finance cost only ₹12.11 Lakh) and healthy other income cushion.
- No exceptional items in current quarter vs ₹131.20 Lakh loss last year.
Key concerns
- Revenue declined 4% YoY, indicating soft demand or competitive pressure in the hotel segment.
- EBITDA margin contracted 53bps YoY to 19.72%, suggesting cost pressures or lower pricing.
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