Viceroy Hotels Limited presents Q2 & H1 FY26 financial and operational results to investors
Viceroy Hotels presented Q2 & H1 FY26 results, showing declines due to renovations. It detailed extensive renovation plans for existing hotels and a new hotel project, alongside a positive hospitality sector outlook.
The announcement provides comprehensive financial and operational details for Q2 and H1 FY26, outlines substantial capital expenditure plans for renovation and new development, and gives an update on the company's post-CIRP status. These elements are important for investors to assess the company's current state and future strategy.
The current financial performance shows declines in revenue, EBITDA, and PBT, primarily attributed to ongoing renovations. However, the company has significant future expansion and renovation plans, and the overall outlook for the hospitality sector in India and Hyderabad is positive, suggesting long-term growth potential.
* Viceroy Hotels Limited disclosed its Investor Presentation for analysts and investors, covering the financial results for the quarter and half-year ended September 30, 2025. * For Q2 FY26, the company reported total income of ₹3,186.12 lakhs, a decrease of 5.63% from ₹3,376.05 lakhs in Q2 FY25. EBITDA stood at ₹882.00 lakhs (down 5.98% from ₹938.13 lakhs), with an EBITDA margin of 27.68%. Profit before tax (PBT) was ₹429.56 lakhs (down 16.64% from ₹515.33 lakhs), and Profit after tax (PAT) was ₹438.19 lakhs (down 92.65% from ₹5,965.63 lakhs in Q2 FY25, noting that Q2 FY25 PAT included an unusual negative tax expense of ₹5450.3 lakhs). * For H1 FY26, total income was ₹5,831.43 lakhs (down 4.81% from ₹6,125.99 lakhs in H1 FY25). EBITDA was ₹1,364.22 lakhs (down 12.67% from ₹1,562.12 lakhs), with an EBITDA margin of 23.39%. PBT was ₹467.57 lakhs (down 34.14% from ₹709.90 lakhs), and PAT was ₹135.89 lakhs (down 97.79% from ₹6,137.37 lakhs in H1 FY25, noting that H1 FY25 PAT included an unusual negative tax expense of ₹5427.47 lakhs). * Key operational metrics for Q2 FY26 showed a combined Average Daily Rate (ADR) increase of 10% to ₹6,664, but occupancy decreased by 1,840 basis points to 56.9%, and Revenue Per Available Room (RevPAR) declined by 17% to ₹3,794. The Courtyard by Marriott property experienced significant declines in occupancy (down 5,010 bps to 31.5%) and RevPAR (down 56% to ₹2,156), primarily due to ongoing partial renovation. * The company outlined extensive growth and expansion plans: * Phase I (expected to complete in Q3 FY26): Renovation of 56 guest rooms, a new spa and gym, and a rooftop bar at Courtyard, along with reorganization of back-of-house operations. * Phase II: Upgrade of 168 Marriott guest rooms and expansion of the Convention Centre to 20,000 sqft. * Phase III: Upgrade of 4 F&B outlets, Executive Lounge, Marriott Lobby, and 127 Marriott guest rooms, plus conversion of Altitude to a high-end Pan Asian Restobar. * A proposed 200-room Courtyard by Marriott hotel in Madhapur is in the pipeline. * The announcement also provided an overview of the Indian hospitality sector, highlighting its significant contribution to GDP, government support, and projected growth, with Hyderabad emerging as a strong market. * The company's background included its Corporate Insolvency Resolution Process (CIRP) initiated on March 12, 2018, and the subsequent approval of the resolution plan by Anirudh Agro Farms Limited (AAFL) on October 6, 2023. AAFL infused ₹60 crore as equity share capital, and public shareholding was restructured to 6,31,579 shares post-CIRP.
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Viceroy Hotels Limited filed this with the NSE as a statutory disclosure, categorised under investor presentation. 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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