Waterways Leisure Tourism Q1 FY27: Profit ₹22.77 Cr, Load Factor 105%, Ticket Price Up 4.3%
Waterways Leisure Tourism reported Q1 FY27 consolidated net profit of ₹22.77 Crores and a 12% net profit margin. Load factor stood at 105% with a 4.3% increase in average ticket price. The company expects significant revenue growth from new ships, Cordelia Sky and Cordelia Sun, with advance bookings already at ₹65 Crores. Expansion into new destinations and enhanced loyalty programs are key strategic focuses.
The announcement includes key financial results, details on new ship deliveries and their booking status, expansion plans into new destinations, and strategic initiatives like loyalty programs, all of which have a significant impact on the company's future performance and investor perception.
The company reported positive financial results with increased profit, load factor, and ticket prices, despite industry headwinds. Expansion plans and strong demand for new vessels indicate a positive outlook.
Waterways Leisure Tourism Limited (formerly Waterways Leisure Tourism Private Limited) announced its financial performance for the first quarter ended June 30, 2026. The company reported a consolidated net profit of ₹22.77 Crores, with a net profit margin of approximately 12%. Despite industry-wide headwinds such as high fuel costs due to geopolitical situations, the company achieved a load factor of 105% for the quarter, marking a 4.3% increase in average ticket prices compared to Q1 2025. The demand for cruising in India remained strong, with over 55,700 guests served and 24,245 staterooms booked, reflecting a growth of around 10% year-on-year.
The company is optimistic about the growth of cruise vacations in India and is expanding its fleet and destinations. The delivery of Cordelia Sky is expected in September 2026, followed by Cordelia Sun. The company is also enhancing its loyalty program, Chairman's Club, by the end of Q2 and opening a new sales center in Cochin in September to deepen customer outreach.
During the Q1 FY27 earnings call, management discussed the impact of fuel costs on EBITDA, noting that an increase of approximately ₹14 Crores in fuel expenses significantly affected profitability. The company plans to recover these costs through fuel surcharges on new bookings, with impacts expected to be visible from Q2 and Q3 onwards. The introduction of new vessels, Cordelia Sky and Cordelia Sun, will enable international sailings to destinations like Sri Lanka, Maldives, Singapore, Indonesia, and Thailand. Cordelia Sky is scheduled for handover on September 25, 2026, arriving in Mumbai on October 15, 2026, with its maiden voyage on October 23, 2026. Advance bookings for the new ships have reached ₹65 Crores, projecting revenues of ₹110-115 Crores for shorter sailings.
The company anticipates a two-digit growth for the existing ship, Empress, and expects the new vessels to significantly increase revenue potential due to improved cabin mix, including a higher number of balcony suites and luxury rooms. The expansion into new ports and destinations, including Lakshadweep, is part of a long-term strategy to tap into the growing Indian domestic cruise market. Finance costs increased due to a loan taken from IDFC First Bank, which is intended to be prepaid upon achieving a rating upgrade.
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Waterways Leisure Tourism Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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