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Marking an improvement in performance, EIH Ltd has posted a net profit of Rs 15.45 crore in the first quarter June 30, 2011, against a net loss of Rs 15.93 crore, recorded during the corresponding quarter in previous financial year.
The company in a statement to the stock exchanges said the net sales at Rs 227.33 crore in Q1 also shot up from Rs 186.35 crore, signifying a jump of 21.99 per cent.
Ahead of its 61st AGM, to be held on Tuesday, EIH Ltd board reviewed the un-audited first quarter results here on Monday.
In the “public” category, the holding of entities having more than one per cent also moved up to 44.75 per cent from 44.32 per cent in the quarter to March 31.
Promoter Shareholding
Ray & Ray, the auditors, said in a note that it reviewed the quarterly statement of un-audited financial results of the company “except for the disclosures regarding public and promoter group shareholdings.”
The promoter group shareholding inched up during the April-June quarter to 34.37 per cent from 33.87 per cent in January-March quarter this year, according to EIH disclosures to the bourses.
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