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Hospitality company EIH Ltd, part of the Oberoi group, posted a 61 per cent rise in net profit to Rs 45 crore for the quarter ended December 31, compared with the same period last year.
On a sequential basis, profits rose by about 171 per cent . Shares of EIH rose by 1.01 per cent to close at Rs 89.70 on the BSE Thursday.
During the quarter under review, revenues from the hotel business witnessed a growth of about 5 per cent to Rs 299 crore. Net sales also increased by about 5 per cent to Rs 295 crore (Rs 282 crore).
Operational profits, however, dropped by 5 per cent to Rs 78 crore.
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