Apeejay Surrendra Park Hotels Board Approves Q2 & H1 FY26 Results, Acquires Zillion Hotels
Apeejay Surrendra Park Hotels reported Q2 & H1 FY26 results with revenue growth but Q2 PAT decline. The company acquired Zillion Hotels in Juhu for ₹224.76 crores and paid a final dividend of ₹0.50 per share.
The announcement includes the approval of significant quarterly and half-yearly financial results, which are highly impactful for investors. The acquisition of a hotel property in Juhu, Mumbai, for ₹224.76 crores represents a substantial corporate action with high potential impact on the company's growth trajectory and market presence. Additionally, the approval and payment of a final dividend directly affect shareholder returns, contributing to a high overall impact.
The company reported revenue growth for both standalone and consolidated results in Q2 and H1 FY26, which is positive. However, the Profit After Tax (PAT) for Q2 FY26 declined compared to the previous year's corresponding quarter. The strategic acquisition of Zillion Hotels and the conversion of loans to OCRPS are positive long-term strategic moves, while the dividend payment benefits shareholders. The mixed financial performance in the immediate quarter, despite strategic growth initiatives, leads to a neutral sentiment.
* The Board of Directors of Apeejay Surrendra Park Hotels Limited, in its meeting held on November 11, 2025, approved and took on record the Un-audited Standalone and Consolidated Financial Results for the second quarter and six months period ended September 30, 2025. * Standalone Financial Highlights (Q2 FY26 vs Q2 FY25): * Revenue from operations for the quarter ended September 30, 2025, was ₹157.42 crores, compared to ₹136.67 crores in the prior year. * Profit after tax for the quarter ended September 30, 2025, was ₹15.50 crores, down from ₹27.49 crores in the prior year. * Standalone Financial Highlights (H1 FY26 vs H1 FY25): * Revenue from operations for the six months ended September 30, 2025, was ₹305.68 crores, compared to ₹266.52 crores in the prior year. * Profit after tax for the six months ended September 30, 2025, was ₹32.59 crores, up from ₹25.65 crores in the prior year. * Consolidated Financial Highlights (Q2 FY26 vs Q2 FY25): * Revenue from operations for the quarter ended September 30, 2025, was ₹165.39 crores, compared to ₹141.57 crores in the prior year. * Profit after tax for the quarter ended September 30, 2025, was ₹16.21 crores, down from ₹26.76 crores in the prior year. * Consolidated Financial Highlights (H1 FY26 vs H1 FY25): * Revenue from operations for the six months ended September 30, 2025, was ₹319.64 crores, compared to ₹276.64 crores in the prior year. * Profit after tax for the six months ended September 30, 2025, was ₹29.64 crores, up from ₹24.85 crores in the prior year. * On September 26, 2025, the Company acquired control of Zillion Hotels and Resorts Private Limited (ZHRPL), which owns a hotel property in Juhu, Mumbai, for a total consideration of ₹224.76 crores (fair value). Apeejay Surrendra Park Hotels Limited acquired a 90% equity stake in ZHRPL for ₹206.55 crores. * The Company converted an existing unsecured loan of ₹70.47 crores given to its wholly-owned subsidiary, Apeejay North-West Hotels Private Limited (ANWHPL), into Optionally Convertible Redeemable Preference Shares (OCRPS). A further loan of ₹12.60 crores was also approved for conversion subsequent to the quarter. * A final dividend of ₹0.50 per equity share for the year ended March 31, 2025, amounting to ₹10.67 crores, which was proposed by the Board on May 26, 2025, was approved at the Annual General Meeting held on September 16, 2025, and subsequently paid. * During the six-month period, ANWHPL incurred a fee of ₹0.88 crores, disclosed as an exceptional item, for increasing its Authorized Preference Share Capital.
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Apeejay Surrendra Park Hotels Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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