EIH Ltd

Financial Performance

• Revenue Rs 698 crores in Q1 FY27; Rs 609 crores LY; 15% growth.
• EBITDA Rs 207 crores vs Rs 195 crores LY.
• PAT Rs 120 crores in Q1 FY27.
• Cash flow from operations Rs 183 crores; CAPEX Rs 148 crores.
• Net funds increased by Rs 23 crores in the quarter.

Operational Update

• Domestic demand offset lower foreign bookings; occupancy +2% to +4%; ARR +6% to +8%.
• Oberoi brand RevPAR +13.2%; Oberoi hotels +8.2% in Q1.
• Trident RevPAR +13.8%; occupancy and ARR growth led by Mumbai hotels.
• Mumbai market outperformance; RGI 162 vs 155.

Projects and Capex

• Kolkata Oberoi Grand opening now targeted Sep 2028; 197 keys.
• Hebbal, Bangalore development: total area over 1.3 million sq ft; 2 hotels + 7.63 lakh sq ft retail/F&B.
• Pipeline: 23 hotels, 1,833 keys (Oberoi & Trident) in next 5 years.

Q&A Highlights

• Flight catering (OFS) revenue ₹154 crores; OFS profitable; margin not materially affected.
• Rajgarh ramp-up impacting EBITDA margin; renovation and marketing IT spend cited.
• Q2 bookings vs LY very positive; no formal guidance provided.
• Kolkata Grand delay discussed; opening remains targeted 2028; cost/efforts affected by safety stoppage.

Outlook and Strategy

• Expansion plan highlighted: robust expansion plan of almost 30 new properties to be in operation by 2031.
• Goa and Hebbal growth opportunities emphasized; London opening expected in 2028.
• Management optimistic about future growth and openings.

Meeting Details

• Date: 12 August 2026; event: Investor Meet / Call organized by EIH Limited.
• Recording: video recording available on the company's website.
• Key company participant: Company Secretary.
• Purpose: investor interaction at the investor meet/call.

Business Overview

• EIH Limited operates The Oberoi and Trident luxury hotels in India and select international properties.
• Core strategy includes owned/managed expansions and direct ownership, JV, or management contracts.

Operational Highlights

• Q1 FY27 consolidated revenue from operations ₹657 cr; total revenue ₹698 cr, up 15% YoY.
• Standalone performance: revenue ₹600 cr; total ₹658 cr; EBITDA ₹207 cr; PAT ₹127 cr.
• Consolidated EBITDA margin around 29-30%; op profit up 224% YoY.
• STR benchmarking shows RevPAR leadership with 14 of 15 domestic hotels ranked 1st or 2nd.
• Expansion pipeline: 7 owned properties (825 keys) and 23 managed properties (1,833 keys) to 2031.
• Upcoming openings: Trident Visakhapatnam (150 keys) 2027; The Oberoi Goa (90) and The Oberoi London (21) 2028.

Financial Performance

• Consolidated revenue from operations ₹657 cr; total revenue ₹698 cr; YoY growth 15%.
• Standalone revenue from operations ₹600 cr; total ₹658 cr; EBITDA ₹207 cr; PAT ₹127 cr.
• Consolidated EBITDA margin ~29-30%; profit from operations up 224% YoY.
• Total comprehensive income consolidated ₹119 cr vs ₹52 cr prior.

Capital Structure & Liquidity

• Healthy liquidity to enable long-term growth plans.

Strategic Priorities & Outlook

• 30-property expansion plan across global and domestic markets by 2031.
• ARR growth and demand momentum supported by MICE events and foreign tourist revival.
• Management expects demand momentum to remain through Q2 and FY27.
• Owned and managed property mix to optimize capital allocation.

Risks & Mitigation

• Geopolitical and aviation-related headwinds noted; domestic air traffic resilient.
• Demand supported by MICE events and revival of foreign tourists.
• Expansion diversification mitigates concentration risk across markets.

Governance & Leadership

• No leadership changes reported in the filing.

AGM details

• Date and time: 07 August 2026 at 11:30 IST, held via VC/OAVM.
• Mode: VC/OAVM; no physical venue.
• Record date: 31 July 2026.
• Shareholders on record: 124,870.
• Attendance via video: 11 promoter group and 61 public.
• Resolutions passed: 4.

Key resolutions

• Resolution 1 (Ordinary): Adopt audited standalone and consolidated financial statements.
• Resolution 2 (Ordinary): Declare dividend of Rs 1.50 per equity share.
• Resolution 3 (Ordinary): Re-appoint Manoj Modi as director, by rotation.
• Resolution 4 (Ordinary): Pay commission to non-executive independent directors.

Voting results

• Resolution 1: Passed, near-unanimous in favour.
• Resolution 2: Passed, in favour 100%.
• Resolution 3: Passed, 99.98% in favour.
• Resolution 4: Passed, in favour 100%.

Director changes

• Director changes: Manoj Modi re-appointed as director.

Dividend

• Dividend declared/approved: Rs 1.50 per equity share.

AGM details and resolutions

• Date/time/mode: 07 August 2026, 11:30 IST; VC/OAVM.
• Attendance: 72 members present.
• Adoption of Audited Financial Statements for FY ended 31 March 2026.
• Declaration of dividend on equity shares for FY ended 31 March 2026.
• Re-appointment of Manoj Harjivandas Modi as Director on rotation.
• Payment of Commission to Non-Executive Independent Director.
• Voting results to be announced today; remote and AGM votes to be tabulated.
• Results to be submitted to stock exchanges and displayed on company and NSDL websites.

Financial Highlights

• Consolidated Q1 FY27 revenue ₹698 crore, up 15% YoY.
• Consolidated EBITDA ₹208 crore, up 6% YoY.
• Consolidated PAT ₹120 crore, up 226% YoY.
• Standalone revenue ₹658 crore, up 15% YoY.
• Standalone EBITDA ₹207 crore, up 7% YoY.
• Standalone PAT ₹127 crore, up 250% YoY.

Development & Portfolio Expansion

• The Oberoi Kabini, a 60-key luxury wildlife resort, added to development pipeline.
• The Oberoi Hampi, a 60-key luxury resort, added to development pipeline.
• The Oberoi Coorg, a 100-key luxury resort, added to development pipeline.
• The Oberoi Cairo, a 147-key luxury hotel, added to development pipeline.
• Trident Amritsar, a 150-key hotel added to development pipeline.
• Trident Pavana, a 150-key leisure hotel near Mumbai added.
• The Oberoi Rajgarh Palace, Khajuraho, added to portfolio.
• Naila Fort, an Oberoi Residence, Jaipur, added to portfolio.
• Naila Fort is the first residence managed by EIH.

Sustainability & Recognition

• Over 40% of electricity consumption from renewable sources; target over 70% by 2030.
• Oberoi Rajgarh Palace, Khajuraho named in TIME World's Greatest Places 2026.

Outlook & Strategy

• Portfolio expansion to significantly grow by 2030; growth opportunities in India and international markets.
• Net Zero target 2050 supported by Elements by Oberoi and renewable initiatives.

Oberoi Grand renovation timeline

• Board updates Oberoi Grand renovation; reopening targeted for September 2028 due to expanded scope from Kolkata restrictions.

Standalone results

• Unaudited standalone results for quarter ended 30 June 2026 approved.
• Revenue from operations Rs 599.80 crore; total income Rs 658.00 crore.
• Profit after tax Rs 127.09 crore; basic/diluted EPS Rs 2.03.

Consolidated results

• Unaudited consolidated results for quarter ended 30 June 2026 approved.
• Revenue from operations Rs 656.96 crore; total income Rs 697.94 crore.
• Profit after tax Rs 120.31 crore; basic/diluted EPS Rs 1.87.

Dividends and governance

• Final dividend proposed: Rs 1.50 per share for FY2025-26.
• Dividend subject to approval at the ensuing AGM.
• Results approved by the Board on 6 August 2026.
• Audit Committee reviewed the results; statutory auditors performed a limited review.

Meeting Details

• Date and time: 12 August 2026 at 11:00 IST
• Type and mode: group webinar (virtual)
• Event: Q1FY27 Result Webinar / earnings results discussion
• Organiser: EIH Limited

Participants

• MD & CEO
• CFO

Purpose

• Discuss unaudited Q1 FY27 results for quarter ended 30 June 2026