Following the Covid-19 outbreak and subsequent lockdown, hotel and flight operations were mandated to remain non-operational. This had a severe impact on business at the company's and its subsidiaries' hotels and other operations across India and overseas for the quarter ended June 30, 2020, the filing said.
Similar restrictions in other countries also affected business from various international markets, it added.
As the unaudited financial results for the quarter ended June 30, 2020 have been adversely impacted by the outbreak of Covid-19 pandemic, they are not comparable with the corresponding previous quarter, EIH said.
Shares of EIH Ltd on Thursday closed 11.67 per cent higher at Rs 76.10 per scrip on the BSE.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.