EIH India reported a vertical 75% fall in revenues at Rs84.80cr for the Sep-20 quarter. While the revenues did dip sharply in the Jun-20 quarter due to aggressive shutdowns that has recovered partially from the lows of June.
Net losses for the Sep-20 quarter stood at Rs118.77cr due to inadequacy of revenues to absorb the fixed costs. While the management is confident, the full recovery will be contingent on the recovery in tourism and global travel to pre-COVID levels.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
EIH India Ltd |
|
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
84.80 |
351.17 |
-75.85% |
44.62 |
90.05% |
|
Net Profits |
-118.77 |
30.55 |
Not Relevant |
-152.06 |
Not Relevant |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
-2.03 |
0.51 |
|
-2.61 |
|
|
Net Margins |
-140.06% |
8.70% |
|
-340.79% |
|
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