EIH Associated Hotels Limited reported a profit after tax (PAT) of ₹37.7 crore for the quarter ended March 31, 2026 (Q4FY26), reflecting a 19% decrease from the ₹46.3 crore recorded in the corresponding period of the previous year. Revenue from operations for the quarter stood at ₹127.2 crore, down from ₹139.9 crore in Q4FY25. The company's EBITDA for the quarter was ₹55 crore, compared to ₹66.3 crore in the prior year, while total income declined by 9% to ₹132.5 crore.

The decline in quarterly financial performance was attributed to the closure of Trident Jaipur for renovation effective July 1, 2025. Despite this, the company maintained a strong balance sheet with a net worth of ₹602 crore as of March 31, 2026, up from ₹537 crore in the previous year. The fund position also improved to ₹308 crore from ₹270 crore in FY25.

For the full fiscal year FY26, eih associated hotels posted a PAT of ₹87.2 crore, a decrease of 5% from ₹91.8 crore in FY25. Revenue from operations for the year was ₹383.7 crore, and EBITDA stood at ₹138.3 crore. The company's operational metrics remained robust, with a Revenue Per Available Room (RevPAR) of ₹14,051 in Q4FY26, significantly higher than the industry average.

Operational Performance

The company's RevPAR growth consistently outperformed the industry throughout FY26. In Q4FY26, the company achieved an Average Room Rate (ARR) of ₹17,696 with an occupancy of 79%, compared to an ARR of ₹16,224 and occupancy of 80% in Q4FY25. The hospitality industry at large faced headwinds, including geopolitical tensions and air travel disruptions, yet managed to deliver rate-led growth with an ARR increase of approximately 10% for the fiscal year.

Financial Snapshot

Business Footprint

EIH Associated Hotels operates a portfolio of properties under the Oberoi Hotels & Resorts and Trident Hotels brands. As of March 31, 2026, the company managed a total of 784 keys across India. Key properties include The Oberoi Rajvilas in Jaipur, The Oberoi Cecil in Shimla, and Trident hotels in Agra, Udaipur, Bhubaneshwar, and Chennai. The company has an expansion pipeline, including new keys in Udaipur and Vishakhapatnam.

EIH Associated Hotels Limited has detailed the tax deduction requirements for the dividend of ₹3.50 per equity share recommended for the financial year ended March 31, 2026. The Board of Directors approved the recommendation at its meeting held on May 22, 2026. The dividend is subject to shareholder approval at the ensuing Annual General Meeting. Under the Income Tax Act, 2025, the dividend is taxable in the hands of shareholders, necessitating Tax Deduction at Source (TDS) deduction by the company at applicable rates.

Resident individual shareholders are exempt from TDS if the total dividend paid during the Tax Year 2026-27 does not exceed ₹10,000. For other resident shareholders, the TDS rate is 10% if a valid PAN is updated with the depository participant or Registrar and Transfer Agent. A higher rate of 20% applies if the PAN is invalid or unavailable. Specific entities such as Government, RBI, and certain Mutual Funds are exempt from TDS upon submission of valid declarations.

Non-resident shareholders face distinct tax implications. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) are subject to a 20% withholding tax rate, plus applicable surcharge and cess, unless a beneficial tax treaty rate applies. Non-resident shareholders who are tax residents of Notified Jurisdictional Areas will be subject to a 30% tax deduction. Sovereign wealth funds and pension funds notified by the Central Government are exempt from TDS.

To determine the appropriate withholding tax rate, shareholders must ensure their details, including Permanent Account Number (PAN), residential status, and category, are updated with their depository participants. The company has requested that all relevant documents and declarations be submitted by July 15, 2026. Documents received after this date will not be considered, potentially resulting in a higher TDS deduction.

TDS Rates for Resident Shareholders

TDS Rates for Non-Resident Shareholders