EIH Q3 profit dips despite revenue growth; Oberoi Group feels labour code impact

EIH Limited, a flagship company of the Oberoi Group, reported its Q3 performance with net profit declining 8.1% year-on-year (YoY) to ₹243 crore, compared with ₹264.5 crore in the same period last year.

Revenue from operations, however, rose 9.1% YoY to ₹872.9 crore from ₹800.2 crore, reflecting steady growth during the quarter.

The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased 5.6% YoY to ₹376.6 crore from ₹356.8 crore a year ago. Operating margin moderated to 43.1% from 44.6% in the previous year, indicating some pressure on profitability.

The government notified new Labour Codes on November 21, 2025. The company said the Group recognised an incremental ₹30 crore employee benefit obligation from past service, which has been reported as an exceptional item.

Also

Read: Government to sell 3% stake in BHEL via OFS with option to sell additional 2%

For the nine-month period ended December 31, 2025, the company’s revenue from operations rose to ₹2,044.41 crore from ₹1,915.70 crore in the year-ago period. Total income increased to ₹2,151.79 crore from ₹2,013.67 crore.

As per the exchange filing, profit before tax stood at ₹580.37 crore versus ₹672.99 crore YoY, impacted by exceptional items amounting to ₹132.08 crore. Profit for the period came in at ₹408.19 crore, lower than ₹508.28 crore in the corresponding period last year.

EIH Ltd shares closed higher on Tuesday, gaining 1.02% to ₹346.50 on the NSE. The stock rose ₹3.50 during the session on February 10.

Earlier, the company had disclosed that the Additional Commissioner of State Tax, Mumbai, imposed a penalty of ₹29.98 crore under the Maharashtra VAT Act, 2002, related to an alleged enhancement in food and beverage income for FY2016–17.

Also Read: ED registers money laundering case in Tirupati laddu 'adulteration' case