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EIH gets hit by general slowdown, high GST in Q1

16 Aug 2019 Evaluate

EIH has got hit by general slowdown and high Goods and Services Tax (GST) during Q1FY20. The company, which comes under The Oberoi Group, has Rs 84.5 crore dues from the grounded Jet Airways.

In the Q1FY20, the company posted consolidated revenue of Rs 358.22 crore as compared to Rs 400.35 crore registered in the same quarter last year.

The drop in revenue and profitability in the first quarter of the current year is attributable to a general slowdown in business activity, decline in air travel and a reduction in the airline catering business.

EIH is engaged in the business of operating and managing luxury hotels, restaurants, management contracts and travel and tours.

EIH Share Price

332.05 10.50 (3.27%)
20-Apr-2026 15:16 View Price Chart
Peers
Company Name CMP
Indian Hotel 659.00
ITC Hotels 162.35
EIH 332.05
Chalet Hotels 791.95
Mahindra Holi.&Resor 270.70
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