EIH Standalone December 2022 Net Sales at Rs 512.23 crore, up 62.95% Y-o-Y

Hospitality firm EIH Ltd, a part of the Oberoi group, on Friday reported an over three-fold rise in consolidated net profit at Rs 151.08 crore in the December quarter, on the back of higher revenue.

EIH consolidated net profit rises to Rs 151 crore in December quarter

Consolidated revenue from operations during the period under review stood at Rs 586.41 crore as compared to Rs 360.12 crore in the corresponding period last fiscal.

EIH consolidated net profit rises to Rs 151 crore in Q3

Shares of EIH were also over 6 per cent at Rs 171.30. Likewise, Thomas Cook (India) traded 3.57 per cent higher at Rs 74 at around the same time. Some of the other tourism-related stocks including Lords Ishwar Hotels, Viceroy Hotels and Lemon Tree also gained over 3 per cent in the morning trade.

Budget 2023: Tourism stocks soar as FM announces promotion of tourism to be taken up in mission mode

ICICI Direct is bullish on EIH recommended buy rating on the stock with a target price of Rs 240 in its research report dated November 04, 2022.

Buy EIH; target of Rs 240: ICICI Direct

EIH Standalone September 2022 Net Sales at Rs 355.69 crore, up 76.43% Y-o-Y

EIH reports consolidated net profit of Rs 24.55 crore in the September 2022 quarter

The company reported a loss of Rs 34.22 crore in the corresponding year-ago period.

EIH back in black with Rs 26.4 crore profit in September quarter

Stocks to watch: Tata Motors, HFCL, Adani Wilmar, Patanjali, Chambal Fertilisers, Gulshan Polyols, Veranda Learning, Adani Transmission, Dalmia Bharat, EIH, M&M Financial, Mahindra Holidays and P&G Hygiene

Stocks that will see action on November 02, 2022

Adani Transmission, P&GHH, Dalmia Bharat, M&M Finance, Relaxo Footwears, Grindwell Norton, Kajaria Ceramics, EIH, Redington India, Triveni Turbine and KSB are among the companies that will announce their results for September 2022 quarter today.

Stocks in the news: TechM, Adani Transmission, Infy, Axis Bank, PNB and Adani Ports

V I P Industries Ltd, Suven Pharmaceuticals Ltd, EIH Ltd and Sun Pharma Advanced Research Company Ltd are among the other losers in the BSE’s ‘A’ group today, 04 October 2022.

Ahluwalia Contracts (India) Ltd leads losers in ‘A’ group

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

EIH Limited is engaged in hospitality and related services. The Company operates luxury hotels under the brand name Oberoi and five-star hotels under the brand Trident.

EIH Ltd