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Q3 Jumps 52%, 150% Returns in a Year with Almost Debt-Free Status: Is EIH Stock a Golden Investment Opportunity?

EIH Stock Analysis: Unveiling Q3 Surge, 150% Returns, and Debt-Free Status

EIH, the prestigious player in the luxury hospitality sector, has recently unveiled its Q3 FY24 earnings, showcasing a remarkable surge. With a staggering 52% increase in net profit and substantial revenue growth, coupled with its debt-free status and ambitious expansion plans, EIH seems to be presenting investors with a potential golden opportunity. Let’s delve into the details.

EIH Consolidated YoY Q3 FY24 Highlights

  • Revenue soared by 26% to reach Rs 741.3 crore.
  • EBITDA witnessed a robust uptick of 55%, amounting to Rs 324.4 crore.
  • Margins expanded significantly to 43.76% compared to 35.64% in the previous year.
  • Net profit surged impressively by 52% to Rs 229.9 crore.

Daily Chart of the Stock

A glance at the daily chart reveals a remarkable uptrend in EIH’s stock price.

EIH Stock Daily Price Chart
EIH Stock Daily Price Chart

From trading around Rs 169 per share in February 2023, the stock has soared to Rs 425 per share as of February 7th, 2024, delivering astonishing returns of nearly 150% to investors. This meteoric rise can be attributed to various factors including stellar financial results, the company’s debt reduction initiatives, and growing interest from Domestic Institutional Investors (DIIs).

New Projects for FY24

EIH has an exciting lineup of projects for FY24, reflecting its commitment to expansion and innovation:

  1. The Bay Club, Mumbai: An exclusive private club managed by the Oberoi Group, situated at BKC.
  2. The Oberoi Rajgarh Palace: A luxury project near Khajuraho, promising upscale lodging on a sprawling 62-acre site.
  3. Land use consent obtained for a beach-front property in Goa, still in the planning stage.
  4. Planning underway for the Oberoi Hotel in Bengaluru.
  5. Progressing construction at The Oberoi Wildlife Resort Bandhavgarh, located near Bandhavgarh National Park.
  6. Two resorts, The Oberoi and Trident, planned on KohTan Island, Thailand.
  7. Development of The Oberoi Kathmandu on a greenfield site measuring five acres.
  8. The Oberoi Wildlife Resort near Bardia National Park in Nepal, set to span approximately 30 acres.
  9. Plans for a luxury Nile Cruiser with 25 cabins, sailing along the Nile between Luxor and Aswan.
  10. Trident resort in Tirupati, Andhra Pradesh, developed by subsidiary Mumtaz Hotels Ltd. and managed by EIH.

About the Company

EIH primarily focuses on owning and managing premium luxury hotels and cruisers under esteemed brands like Oberoi, Trident, and Maidens. Additionally, the company is involved in flight catering, airport restaurants, project management, and corporate air charters.

Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)

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