India's EIH Associated Hotels surges on rise in Q3 profit

EIH Associated Hotels

09/02/2023 08:25

** Shares of EIH Associated Hotels  EIHA.NS  rise as much as
10.02% to 436 rupees, highest level since Dec. 21
    ** Hotel-chain operator reports profit after tax nearly
doubled in Q3 to 301.7 mln rupees, compared to 160 mln rupees in
the same period a year ago
    ** Core profit rises nearly 70% to 1.11 bln rupees, while
core profit margins expand to 40.46% from 34.51%
    ** Trading volume is 100,213 shares as of 1:47 p.m. IST, 11
times the 30-day avg of 9,218 shares
($1 = 82.6350 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))