PARKHOTELS Q1-FY27 Revenue at ₹1,668 Mn, Occupancy at 92%
Apeejay Surrendra Park Hotels Limited reported Q1-FY27 revenue of ₹1,668 million, up 8.1% YoY. Occupancy remained strong at 92%, with ARR at ₹7,459 and RevPAR at ₹6,858. The company saw significant sales in its Kolkata residential project and is preparing to launch The Park Mumbai. SAP S/4HANA Finance implementation is complete.
The results show positive growth and operational efficiency, which are important for investors. The ongoing project developments and strong occupancy are positive indicators, but the PAT saw a slight decline YoY, moderating the impact.
The company reported positive year-on-year growth in revenue and maintained industry-leading occupancy rates. The successful sales of residential apartments and progress in project launches contribute to a positive outlook.
Apeejay Surrendra Park Hotels Limited (ASPHL) has announced its financial results for the first quarter (Q1) and three months ended June 30, 2026. The company reported revenue from operations of ₹1,668 million, an increase of 8.1% year-on-year. Operational EBITDA stood at ₹469 million, up 3.3% YoY, with margins at 28.12%.
ASPHL maintained an industry-leading occupancy rate of 92% for Q1-FY27, reinforcing its leadership in the upper upscale hospitality segment. The Average Room Rate (ARR) was ₹7,459 and Revenue Per Available Room (RevPAR) was ₹6,858.
The company also highlighted strong customer response to its residential project at EM Bypass, Kolkata, with 32 out of 69 apartments sold. Q1 collections from this project were ₹213 million, with full-year collections projected at approximately ₹800 million.
Key operational milestones include the successful implementation of SAP S/4HANA Finance for enhanced financial controls and reporting. Additionally, The Park Mumbai project is ready for launch.
The management commentary, by Mr. Vijay Dewan, Managing Director, noted the healthy momentum at the start of FY27, emphasizing the resilience of the business model and the company's leadership in occupancy and RevPAR. The record sales of service apartments in the EM Bypass Kolkata project significantly improved cash flows. With a strong development pipeline and the scale-up of Flurys, sustained growth is anticipated.
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