EIH Associated Hotels Limited announced its audited financial results for the financial year ended March 31, 2026, reporting a decline in net profit to ₹8,717.41 lakh. The company's revenue from operations for the year stood at ₹38,372.75 lakh, compared to ₹40,824.00 lakh in the previous year. Total income decreased to ₹40,319.59 lakh from ₹42,693.56 lakh in the corresponding period of the prior year. The board of directors approved the financial results during a meeting held on May 22, 2026, with statutory auditor M/s. Deloitte Haskins & Sells LLP issuing an unmodified opinion on the audited financial results.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹3,763.49 lakh and revenue of ₹12,719.05 lakh. EBITDA for the quarter stood at ₹496M versus ₹506M year-on-year, while EBITDA margin improved to 39% from 36.14% in the prior year period. For the full year, the basic and diluted earnings per share were ₹14.31, down from ₹15.07 in the previous year.

The company recognized exceptional items amounting to ₹375.38 lakh during the year. These included an adjustment of ₹47.21 lakh related to the temporary closure of Trident Jaipur for renovation and an incremental obligation of ₹328.17 lakh arising from the enactment of new Labour Codes.

The following table summarizes the full-year financial performance:

Dividend Declaration

The Board of Directors has recommended a final dividend of ₹3.50 per share for the financial year ended March 31, 2026. This dividend is subject to the approval of the members at the ensuing Annual General Meeting and is in accordance with the provisions of Section 123 of the Companies Act, 2013.

Balance Sheet Highlights

The company's total assets as of March 31, 2026, were valued at ₹72,423.17 lakh, an increase from ₹65,063.15 lakh in the previous year. Total equity rose to ₹60,241.02 lakh from ₹53,649.63 lakh, while total liabilities increased to ₹12,182.15 lakh from ₹11,413.52 lakh. Cash and cash equivalents at the end of the year stood at ₹456.35 lakh.

EIH Associated Hotels Limited has secured a significant legal victory in a tax matter, with the Commissioner of Income Tax (Appeals), Chennai [CIT(A)] passing an order entirely in favour of the company. The CIT(A) has deleted the complete penalty demand raised under Section 270A of the Income Tax Act, 1961, for Financial Years 2016-17 and 2017-18, thereby granting full relief to the company. The orders were received on 18th May 2026 at 13:12 IST.

Background of the Penalty Orders

This development is a continuation of the company's earlier disclosure dated 26th March 2024, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The original penalty orders had been issued under Section 270A of the Income Tax Act, 1961, covering two financial years. The details of the penalty demands are as follows:

Appeal and Outcome

EIH Associated Hotels had filed an appeal before the CIT(A), Chennai, challenging the aforesaid penalty orders. The CIT(A) accepted the submissions made by the company and passed an order deleting the entire penalty demand for both financial years. This outcome represents complete relief for the company on both counts.

Regulatory Disclosure

The company has disclosed this development to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Tejasvi Dixit, Company Secretary of EIH Associated Hotels Limited, on 18th May 2026.