EIH Q1 Review - Passing Through Medium Term Challenges: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
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:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.