EIH Q1 Review – Passing Through Medium Term Challenges: ICICI Direct

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EIH Ltd.’s Q1 FY22 witnessed a decline in revenue per available room due to the second Covid-19 wave.

However, a steep recovery is being witnessed from June 2021 onwards.

Weighted average cost of debt as on June 30, 2021 was at 7.51% (down 61 basis points YoY).

However, second wave led to business disruptions leading to QoQ rise in debt to Rs 379 crore versus debt of Rs 415 crore as on March 31, 2020.

Efforts towards implementing efficient cost structure through rationalisation of human capital (~24% reduction in executive and staff from June-19 to June-21 for the group) and technological advancements have resulted into EIH’s sustainable savings in fixed expenses.

Click on the attachment to read the full report:

ICICI Direct EIH Q1FY22 Result Update.pdf


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