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Hospitality company EIH Ltd, a part of the Oberoi Group, has posted a 49 per cent drop in net profit at Rs 45 crore for the quarter ended March 31, 2012, compared with Rs 67 crore during same period last year.
Net sales grew marginally by one per cent to Rs 320 crore.
The company’s board has recommended a dividend of Rs 1.10 per share of face value of Rs 2 each.
Shares of EIH were trading at Rs 77, down 0.52 per cent from the previous close on the BSE on Tuesday.
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