India · Delayed Price · Currency is INR EIH Limited Earnings Call Transcripts
Fiscal Year 2026
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Despite a challenging FY 2026 with geopolitical and weather disruptions, the company achieved record EBITDA, strong RevPAR growth, and robust cash flow, driven by resilient domestic demand and premium positioning. Major renovations and a healthy expansion pipeline support future growth.
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Q3 FY26 delivered 9% revenue growth and strong RevPAR gains despite flight disruptions and one-time wage code costs. Expansion continues with 30 new properties in the pipeline, and renovations are driving higher rates. Management remains optimistic, supported by robust cash reserves and positive demand trends.
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Q2 FY2026 saw modest revenue growth but lower EBITDA and PAT due to disruptions and renovations. Strong demand is expected in Q3 and Q4, with robust expansion plans and a healthy cash position supporting future growth.
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Q1 FY2026 delivered record revenue and EBITDA, driven by strong ARR and RevPAR growth, despite geopolitical headwinds and a one-time INR 110 crore loss from Mashobra. Expansion continues with 25 new properties in the pipeline and robust liquidity to support growth.
Fiscal Year 2025
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Record revenue and PAT achieved in FY 2025, with strong growth in room rates, occupancy, and RevPAR. Expansion plans include 21 new hotels, while robust cash reserves support future growth. Exceptional items and property closures impacted PAT, but demand outlook remains positive.
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Premium segment hotels delivered record Q3 results, with high occupancy and ARR driving double-digit revenue and profit growth. Expansion continues with 19 new properties in the pipeline, and management remains confident in sustaining rate growth amid strong industry demand.
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Q2 delivered record revenue, EBITDA, and profit, with robust RevPAR and occupancy growth across all segments. Expansion plans include 20 new properties by 2029, a major London investment, and a strong balance sheet to support growth. Management remains optimistic on sector outlook.
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Revenue grew 10% year-over-year in Q1 FY25, despite election and weather headwinds, with strong cash reserves supporting major expansion projects. Management expects demand and rates to strengthen in H2, with robust performance in city hotels and catering.