# EIH shares drop 6% on mixed Q1 results, expansion plans 2026-08-07T15:13:09+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet EIH shares fell 6% to Rs 307 on Friday after the company reported a 52% quarter-on-quarter profit decline despite a threefold year-on-year jump. Consolidated net profit stood at Rs 120.3 crore for the June quarter, down from Rs 249.1 crore in the previous quarter. Revenue fell 26.6% sequentially to Rs 657 crore, while EBITDA margin contracted to 25.4%. The company signed agreements for six new luxury hotels including properties in Kabini, Hampi, Coorg, Cairo, Amritsar and Pavana. Executive chairman Arjun Oberoi said India's travel boom presents a transformational opportunity, and the company is undertaking one of its most ambitious development programmes. ## Coverage - livemint.com Tags: EIH, expansion, hospitality, Oberoi Hotels, Q1 results, stock market Canonical: https://indianopinion.org/eih-shares-fall-6-as-q1-net-profit-declines-52-qoq/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/eih-shares-fall-6-as-q1-net-profit-declines-52-qoq/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.