PARKHOTELS Q1 FY27 Revenue Up 8% to ₹167 Cr, EBITDA ₹47 Cr
Apeejay Surrendra Park Hotels (PARKHOTELS) reported Q1 FY27 operating revenue of ₹167 Cr (up 8% YoY) and EBITDA of ₹47 Cr (up 3% YoY). Consolidated revenue was ₹172 Cr (up 10% YoY) with EBITDA at ₹52 Cr (up 8% YoY). PAT declined 14% to ₹12 Cr due to higher finance costs and tax provisions. The company maintains 92% occupancy and targets over 6,000 keys by FY30.
The announcement provides an update on quarterly financial performance and future growth strategies. While the revenue and EBITDA growth are positive, the PAT decline and the focus on future targets suggest a moderate impact on immediate investor sentiment. Key growth initiatives and expansion plans are significant but will take time to materialize.
The company reported positive revenue and EBITDA growth, maintained strong occupancy rates, and outlined a clear growth strategy with expansion plans and a healthy balance sheet. While PAT saw a decline, it was attributed to specific one-off factors like increased finance costs and deferred tax provisions, not core operational weakness.
Apeejay Surrendra Park Hotels Limited (PARKHOTELS) announced its financial results for the first quarter (Q1) of FY2027, ending June 30, 2026. The company reported an operating revenue of ₹167 crores, marking an 8% year-on-year growth. EBITDA stood at ₹47 crores, a 3% increase year-on-year, with an EBITDA margin of 28.12%.
Consolidated revenue reached ₹172 crores, up 10% year-on-year, and consolidated EBITDA was ₹52 crores, up 8% over the previous year. Profit After Tax (PAT) for the quarter was approximately ₹12 crores, a 14% decline year-on-year, with a PAT margin of around 7%. This decline was attributed to higher finance costs related to expansion and a deferred tax provision of ₹2.2 crores.
The company highlighted its strong occupancy rate of 92%, maintaining leadership in the upper upscale segment's RevPAR despite industry headwinds like geopolitical developments and subdued air traffic growth. The debt-to-equity ratio remains favorable at 0.12, and net debt-to-EBITDA is at 0.70.
Looking ahead, PARKHOTELS aims to expand its portfolio to over 6,000 keys by FY2030, with a pipeline of 12 hotels and 472 keys for FY27, expected to increase the total keys to 3,149 by the end of FY27. The company is also focused on scaling through managed properties and asset-light formats. The integrated hospitality-led mixed-use development at EM Bypass, Kolkata, comprising hotel rooms and service apartments, is progressing well, with 33 out of 69 service apartments sold, expected to generate ₹70-80 crores in cash flow this year.
The F&B business, including the Flurys brand, continues to be a significant contributor, with Flurys expanding its presence to 111 outlets and planning to reach 140 by the end of the year, with a long-term target of 400 outlets by 2030. The company also announced plans to acquire the Malabar House in Fort Kochi and is evaluating opportunities in other high-potential markets. Investments in technology, such as the implementation of SAP S4 HANA, are aimed at strengthening financial controls and operational efficiency.
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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 medium impact: worth reading, rarely worth acting on by itself.
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