Viceroy Hotels Q4 FY26 Revenue Up 35.3% to ₹49.5 Cr, PAT at ₹6 Cr
Viceroy Hotels Limited reported Q4 FY26 total income of ₹49.5 Cr, up 35.3% YoY. EBITDA increased 43.7% to ₹15.6 Cr. PAT stood at ₹6 Cr, down 39.8% YoY due to higher costs. FY26 revenue grew 6.3% to ₹149.7 Cr, but PAT fell 76.5% to ₹18.3 Cr. The company noted resilient performance amidst geopolitical challenges.
The substantial revenue growth indicates positive business momentum. However, the decline in profitability, especially PAT, could be a concern for investors and may impact future stock performance. The management's commentary provides context, but the financial results present a mixed picture.
While revenue and EBITDA showed strong year-on-year growth, the significant decline in Profit After Tax (PAT) for both the quarter and the full year, attributed to increased finance costs and depreciation, tempers the positive outlook. The commentary acknowledges challenges but highlights resilience.
Viceroy Hotels Limited announced its audited financial results for the quarter and year ended March 31, 2026. For the fourth quarter of fiscal year 2026 (Q4 FY26), the company reported a Total Income of ₹49.5 crores, a significant increase of 35.3% compared to ₹36.6 crores in Q4 FY25. EBITDA for the quarter rose by 43.7% YoY to ₹15.6 crores, with EBITDA margins expanding to 31.4% from 29.6% in the previous year. Profit Before Tax (PBT) stood at ₹5.5 crores, a decrease of 22.2% from ₹7.1 crores in Q4 FY25, while Profit After Tax (PAT) was ₹6.0 crores, down 39.8% from ₹10.0 crores in the same period last year. This reduction in PAT was attributed to higher finance costs and depreciation related to expansion, renovation, and acquisition-led investments.
For the full fiscal year 2026 (FY26), Total Income grew by 6.3% YoY to ₹149.7 crores from ₹140.8 crores in FY25. EBITDA increased by 20.6% YoY to ₹44.6 crores. However, PAT for FY26 declined significantly by 76.5% YoY to ₹18.3 crores from ₹78.0 crores in FY25.
Segmentally, in Q4 FY26, the Hospitality segment (Courtyard & Marriott) saw revenue grow by 6.9% to ₹20.6 crores, while Executive Apartments revenue grew by 3.0% to ₹9.0 crores. Food & Beverage (F&B) revenue from Courtyard & Marriott decreased by 10% to ₹15.0 crores, but F&B revenue from Executive Apartments grew by 19% to ₹3.7 crores.
Commenting on the results, Mr. Ravinder Reddy Kondareddy, Managing Director & CEO, stated that the company delivered a stable operating performance despite a softer business environment due to ongoing geopolitical tensions. He highlighted the company's focus on operational efficiencies and disciplined execution, which continue to strengthen its long-term positioning and support stakeholder value creation.
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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 medium impact: worth reading, rarely worth acting on by itself.
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