East West Hotels Ltd. has announced its results for FY23

10 September 2024

• Revenue & Profitability - The company's revenue has remained steady, showing a slight increase of 0.4%. However, its net income has dropped significantly by 68%, falling from Rs. 3 cr in FY23 to Rs. 1 cr in FY24. This has led to a 69% decrease in the company's EPS, which declined from Rs. 78 in FY23 to Rs. 24 in FY24.
• Financial Position - The company's total asset base has grown by 3%, increasing from Rs. 36 cr in FY23 to Rs. 37 cr in FY24. However, the total equity has remained nearly stable, showing a slight decline of 1% from Rs. 22.9 cr in FY23 to Rs. 22.7 cr in FY24