Viceroy Hotels Q2 & H1 FY27: Income Soars 61% to ₹94 Cr, EBITDA Jumps 81% to ₹24.7 Cr
Viceroy Hotels reported H1 FY27 income of ₹94.0 Cr (up 61% YoY) and EBITDA of ₹24.7 Cr (up 81% YoY). Q2 FY27 income was ₹48.8 Cr (up 53% YoY) with EBITDA at ₹12.9 Cr (up 46% YoY). Key upgrades include a 20,000 sq ft convention centre opening December 2026. A new 200-key Courtyard by Marriott is planned.
The substantial growth in revenue and profitability, coupled with aggressive expansion plans and positive operational metrics, indicates a significant positive impact on the company's financial health and future prospects.
The company has reported strong year-on-year growth in total income and EBITDA for both H1 and Q2 FY27, along with significant improvements in occupancy rates and cash reserves. Expansion plans are also progressing.
Viceroy Hotels Limited has reported a significant financial performance for the half-year and second quarter ended September 30, 2026.
For H1 FY27, the company's total income surged by 61% year-on-year to ₹94.0 Cr, compared to ₹58.3 Cr in H1 FY26. EBITDA for the same period saw a remarkable increase of 81%, reaching ₹24.7 Cr from ₹13.6 Cr in H1 FY26. The EBITDA margin improved to 26.5% from 24.3% in the prior year period.
In Q2 FY27, total income grew by 53% YoY to ₹48.8 Cr, with EBITDA increasing by 46% YoY to ₹12.9 Cr. The EBITDA margin for the quarter stood at 26.7%. The company noted that the renovation of the Marriott convention centre had an EBITDA impact of approximately ₹2 Cr and caused a 20% dip in hotel F&B revenue in Q2.
Occupancy rates showed strong improvement. Courtyard by Marriott recorded an occupancy of 87.4% in Q2 FY27, a substantial rise from 31.5% in Q2 FY26. Executive Apartments also saw strong performance, with RevPAR up 17% YoY in Q2.
The company also provided an update on its expansion plans. Phase II of its upgrade plan, including a spa, gym, rooftop bar, and F&B upgrades, is expected to be completed by December 2026, coinciding with the doubling of the convention centre capacity to 20,000 sq ft. Phase III, involving Marriott rooms, F&B, and a rooftop bar upgrade, is slated for completion by FY28. Additionally, a new 200-key greenfield Courtyard by Marriott in Madhapur is in the pipeline.
Key financial highlights include a substantial increase in cash and equivalents to ₹110.5 Cr by the end of H1 FY27, up from ₹19.4 Cr at the end of H1 FY26. The company's net worth also grew by 41% to ₹376 Cr.
What to do with a filing like this
Viceroy 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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Viceroy Hotels Limited. Read the original for the full detail.