Viceroy Hotels H1 FY27: PAT Soars 2.7x, EBITDA Surges 81% on 61% Income Growth
Viceroy Hotels reported H1 FY27 consolidated total income up 61% to ₹93.99 Cr and EBITDA up 81% to ₹24.68 Cr. PAT surged 2.7x to ₹3.68 Cr. The company completed a ₹105.83 Cr rights issue, improving net worth to ₹375.90 Cr and debt-to-equity to 0.70x. Enhanced event spaces at Marriott Hyderabad are set to open in December 2026 and January 2027.
The substantial growth in key financial metrics, coupled with a rights issue that significantly improves the balance sheet and debt-to-equity ratio, along with strategic expansion in event spaces, is expected to have a high impact on the company's financial health and future performance.
The company reported significant year-on-year growth in total income, EBITDA, and PAT, alongside a strengthened balance sheet due to a completed rights issue. Expansion of event spaces also indicates future growth potential.
Viceroy Hotels Limited has announced its Unaudited Financial Results for the quarter and half year ended September 30, 2026. For the half year ended September 30, 2026, the company reported a consolidated total income of ₹93.99 crore, a significant increase of 61.2% compared to ₹58.31 crore in H1 FY26. EBITDA surged by 80.9% to ₹24.68 crore from ₹13.64 crore in the same period last year. Profit After Tax (PAT) saw a substantial rise of 170.7%, reaching ₹3.68 crore in H1 FY27, up from ₹1.36 crore in H1 FY26.
The company's standalone revenue from operations for its Hyderabad hotels grew by 20.7% YoY to ₹67.81 crore in H1 FY27. A key financial event was the completion of a ₹105.83 crore rights issue on September 15, 2026, at ₹115 per share, which was utilized for debt repayment and general corporate purposes. This has strengthened the balance sheet, with net worth rising to ₹375.90 crore as of September 30, 2026, from ₹266.80 crore on March 31, 2026, and the debt-to-equity ratio improving to 0.70x from 0.99x.
In terms of business highlights, the company noted that H1 FY27 EBITDA is already 55% of full-year FY26 EBITDA, and total income is 63% of FY26 total income. Quarter-on-quarter growth was also positive, with Q2 FY27 consolidated total income growing 8.0%, EBITDA 9.3%, and PAT 54.0% over Q1 FY27. The company is also enhancing its event spaces, with an upgraded 10,000 sq ft banquet space reopening on December 1, 2026, and a brand-new 10,000 sq ft banquet hall opening on January 1, 2027, creating a total of 20,000 sq ft of event space. Full banquet revenue is expected from Q4 FY27.
Mr. Ravinder Reddy Kondareddy, Managing Director & CEO, expressed optimism about the strong performance, highlighting the PAT growth and EBITDA margin expansion. He also mentioned the strengthening of the balance sheet through the rights issue and the healthy demand in Hyderabad for corporate travel, MICE, and weddings. The company anticipates increased capacity to serve this demand with the new event spaces.
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