Apeejay Surrendra Park Hotels Ltd — earnings calls

Apeejay Surrendra Park Hotels reported Q1 FY27 standalone operating revenue of Rs.167 crore, up 8% year-on-year, with EBITDA of Rs.47 crore and EBITDA margin of 28.12%, while PAT declined 14% to about Rs.12 crore due to higher finance costs and a deferred tax provision. Management described occupancy at 92%, said 33 of 69 service apartments at its EM Bypass Kolkata project have been sold generating cash flow, and outlined expansion plans for Flurys cafes and new hotel properties in Mumbai, Pune, Vizag and Kochi. The company also detailed capex plans of approximately Rs.1,140 crore for planned room additions and discussed the impact of the West Asia crisis and subdued air travel on the quarter's performance.

Apeejay Surrendra Park Hotels reported Q4 FY26 consolidated operating revenue of Rs 184 crore, up 4% year-on-year, with EBITDA of Rs 53 crore and PAT of Rs 12 crore, while full-year FY26 revenue crossed Rs 700 crore for the first time, growing 12% year-on-year. Management attributed softer ARR and RevPAR growth during the year to cancellations linked to the Middle East war and Operation Sindoor, particularly affecting Delhi and Hyderabad. The company also detailed its development pipeline including EM Bypass Kolkata apartment sales, Flurys expansion plans, and a target of over 6,000 keys by FY30.