Apeejay Surrendra Park Hotels Ltd — earnings calls

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.