The stock price of luxury hotel company EIH fell 10.19 per cent during intraday trading on Wednesday, August 7, 2024, to a low of Rs 256.70 a share.
The firm released a poor set of figures for the June quarter (Q1FY25), which triggered a sharp drop in the stock price.
The company’s revenue decreased from Rs 103.8 crore in the June quarter of FY24 to Rs 92.2 crore in the June quarter of FY25, a year-on-year (Y-o-Y) decline of 11.2%.
Its revenue from operations, or topline, increased by about 6% to Rs 526.5 crore in the June quarter of fiscal year 2025, from Rs 481.1 crore in the June quarter of fiscal year 2024 (Q1 FY24).
Operating profit, also known as profits before interest, tax, depreciation and amortization, decreased 13.3%Y-o-Y to Rs 134.9 crore in Q1FY25 from Rs 155.5 crore in Q1FY24.
As of 11:14 am, EIH shares were trading 5.67% lower at ₹374.15 on the NSE.
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