Q1 2025 EIH Ltd Earnings Call Transcript
Key Points
- EIH Ltd (BOM:500840) reported a 10% increase in revenue for Q1 FY25 compared to the same quarter last year.
- The company maintains consistent RevPAR leadership over its competition, with an overall RevPAR index of 127%.
- Strong performance in international markets, particularly in UAE and Indonesia, with UAE doing better than in the past.
- The flight catering and airport lounge business continue to be robust, with expanded margins and total business growth.
- EIH Ltd (BOM:500840) has a strong funds position with INR 818 crore in consolidated funds, ready for deployment in new projects.
- EBITDA and PAT are slightly down compared to the same quarter last year due to similar room rates and increasing expenses.
- RevPAR for Oberoi Leisure and Trident Leisure segments is slightly down compared to last year.
- The impact of high temperatures in leisure destinations like Rajasthan and Agra affected occupancy rates.
- Employee costs have increased by 17% due to filling vacant positions and addressing work-life balance issues.
- The Wildflower Hall property will revert back to the government by March 31, 2025, following a Supreme Court ruling.
Good afternoon, ladies and gentlemen, and thank you for attending this virtual meeting. It's a pleasure to welcome you on behalf of EIH Limited and SKP Securities to EIH Limited's Q1 FY25 earnings webinar. We have with us the silicon Vikram Oberoi, Managing Director and Chief Executive Officer; and Mr. Kallol Kundu, Chief Financial Officer. This meeting is being recorded for compliance reasons.
And during the course of discussion, there may be some forward-looking statements, which must be viewed in conjunction with the risks that the company faces. We'll have two opening remarks and a presentation by the management followed by Q&A session. Thank you and over to you, Vikram.
Good afternoon, everyone, and thank you for joining. I'll request Kallol to run through the presentation and then we'll be happy to answer any questions you have. Thank you.
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