EIH Ltd reports its highest ever full-year consolidated revenue in FY22-23

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NEW DELHI, May 23 (IANSlife) EIH Ltd., the Indian luxury hospitality company, announced its consolidated financial statements for the fourth quarter and full year ending March 31, 2023.

Commenting on FY23 performance, Vikram Oberoi, Managing Director and CEO, EIH Limited said, “FY23 has been a record year for EIH Limited, with the highest ever consolidated full-year revenue, EBITDA and PAT. Hotels managed by EIH Limited Industry leading Rev PAR of 127 per cent for FY23, on the back of an ARR of 120 per cent We would like to acknowledge the significant contribution of our Honorary Chairman, PRS Oberoi in creating a very strong foundation for the company and building some of the finest hotels in the world upon which These results were achieved.

Arjun Oberoi, CEO, added, “Our exceptional performance is a testament to our unwavering commitment to quality, superior location, and meticulous attention to detail. We’re not just about iconic hotels; we’re about creating unforgettable experiences.” From EIH Ltd.

During the year, the company also ventured into additional business segments including managing the “Bay Club”, a world-class club for members, and soon to launch its first stand-alone upscale lifestyle restaurant “Amadeo by Oberoi” in Mumbai. EIH will continue to expand in these business and other opportunities, and to provide the best experience for discerning guests in the field of hospitality.Our airline and airport catering business has rebounded strongly and continues to build on its reputation and profitability by providing high-quality services to leading international and domestic airlines.”

In conclusion, Vikram Oberoi said, “The exceptional performance of FY23 is a tribute to the unwavering passion and commitment of the EIH team who puts the needs and well-being of our guests above all else. Our focus remains steadfast on creating value for our stakeholders through profitable operations and strategic expansion.”

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