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EIH LD (OLS)

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Monday 31 October, 2005

EIH LD

Interim Results Unaudited Financial Results for...

                                         EIH Limited
                       Registered Office: 4 Mangoe Lane Kolkata -700 001.India.

                                    UNAUDITED FINANCIAL RESULTS
                          FOR THE HALF-YEAR ENDED ON 30TH SEPTEMBER,2005
                             (Rupees in Crores) (1Crores = 10 million)

                                                              Six Months ended     Year Ended
                                                         30.09.2005    30.09.2004  31.03.2005
                                                                                   (Audited)
Net Sales                                                 309.77        240.47        609.03
Other Income                                                6.50          7.30         16.22
Total Income                                              316.27        247.77        625.25
Total Expenditure
a) Consumption of Provisions,
    Stores, Wines & Smokes                             27.81        21.61          52.69
b) Staff Cost                                              76.15        65.48         143.08
c) Power & Fuel                                                27.36        25.56          50.67
d) Other Expenditure                                      100.62        87.18         195.04
Total                                                     231.94       199.83         441.48
Operating Profit before Interest and Depreciation          84.33        47.94         183.77
Interest                                                   34.10        32.68          73.73
Depreciation                                               20.32        19.61          40.39
Profit/(Loss) before Extraordinary Item and Tax            29.91        (4.35)         69.65
Extraordinary Item                                          2.01         4.53           4.53
Miscellaneous Expenditure Amortised                         3.19         3.19           6.39
Profit before Tax                                          24.71       (12.07)         58.73
Provision for Current Tax                                  10.49          -            17.49
Profit/(Loss) after Current Tax                            14.22       (12.07)         41.24
Deferred Tax-Asset/(Liability)                             10.87         2.44          (8.12)
Net Profit/(Loss)                                          25.09        (9.63)         33.12
Paid-up Equity Share Capital                               52.39        52.39          52.39
(Nominal Value - Rs. 10 each)
Reserves excluding Revaluation Reserve                                                615.45
Basic & Diluted Earnings per Equity Share -           Rs.   4.79    (2.53)          5.58
Total of Non-Promoter Shareholding :
Number of Equity Shares                                 28140272     30126572       30068411
Percentage of shareholding                                 53.71        57.50          57.39
SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED
Revenue
a. Hotels                                                 302.07        235.87        601.12
b. Others                                                  14.20         11.90         24.13
Total                                                     316.27        247.77        625.25
Results
  Profit before Interest and Tax from each
  Segment :
  a.  Hotels                                              109.64         66.88        244.10
  b.  Others                                                3.60          2.75          6.75
Total                                                     113.24         69.63        250.85
Less :
         i.  Interest                                      34.10         32.68         73.73
        ii.  Other un-allocated expenditure                49.23         41.30        107.47
Total Profit/(Loss) before Extraordinary
Item & Tax                                             29.91         (4.35)        69.65
Less: Extraordinary Item                                    2.01          4.53          4.53
Less: Miscellaneous Expenditure Amortised                   3.19          3.19          6.39
Profit/(Loss) before Tax                                   24.71        (12.07)        58.73
Capital Employed
a. Hotels                                                1531.24       1506.12       1520.83
b. Others                                                  41.22         37.60         39.02
Total                                                    1572.46       1543.72       1559.85

NOTES:
1.      The results of the first half year are not indicative of a full year's working due to the seasonal nature of the
Indian hotel industry.
2.      Provision for Current Tax for six months includes the Fringe Benefit Tax amounting to Rs.0.90 crores.
3.      Figures for the previous half year/year have been regrouped or rearranged, wherever necessary.
4.      The above unaudited Financial Results were approved by the Board of Directors at its Meeting on 27th October, 2005.
The Statutory Auditors have carried out a limited review of the Financial Results given above.





27th October,2005                                                                P.R.S.OBEROI
                                                                         CHAIRMAN AND CHIEF EXECUTIVE


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