EIH is planning to develop the proposed Goa project as a joint venture. It has received planning approval for the 55-acre beach front site at Goa and is awaiting environment clearance. The company is likely to open its Hyderabad property consisting of 326 keys in the next couple of week.
The company has reported a fall of 40.08% in its net profit at Rs 27.04 crore in Q4FY13 as compared to net profit of Rs 45.13 crore in the same quarter previous year. However, total income from operation of the company has increased by 6.43% to Rs 352.62 crore as compared to Rs 331.31 crore in corresponding quarter last year.
