Waterways Leisure Tourism Reports Strong Q2 & H1 FY27 Performance
Waterways Leisure Tourism reported strong Q2 and H1 FY27 results. Q2 revenue increased 31% YoY to ₹132.90 crore, with PAT at ₹58.50 crore (up 755%). H1 revenue grew 16% to ₹323.01 crore, and PAT rose 215% to ₹81.27 crore. Cordelia Sky was delivered ahead of schedule for an October 23, 2026 launch.
The substantial percentage increases in key financial metrics (EBITDA and PAT) and operational expansions (new ship delivery) are material to the company's financial health and future growth prospects, indicating a high impact.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT for both the quarter and half-year, indicating a strong financial performance. Operational highlights like the early delivery of Cordelia Sky and the launch of a loyalty program further contribute to a positive outlook.
Waterways Leisure Tourism Limited, operator of the Cordelia Cruises brand, announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported robust financial performance with significant year-on-year growth.
For the second quarter of FY27, revenue from operations stood at ₹1329.00 million (₹132.90 crore), a 31% increase from ₹1015.36 million (₹101.54 crore) in the corresponding quarter of the previous year. EBITDA for Q2 FY27 was ₹776.82 million (₹77.68 crore), a substantial 3337% increase from ₹-24.00 million (₹-2.40 crore) in Q2 FY26. Profit After Tax (PAT) for Q2 FY27 was ₹584.96 million (₹58.50 crore), marking a 755% increase from ₹-89.34 million (₹-8.93 crore) in Q2 FY26.
In the first half of FY27 (H1 FY27), revenue from operations reached ₹3230.12 million (₹323.01 crore), up 16% from ₹2778.51 million (₹277.85 crore) in H1 FY26. EBITDA for H1 FY27 surged by 131% to ₹1242.12 million (₹124.21 crore) from ₹537.81 million (₹53.78 crore) in H1 FY26. PAT for H1 FY27 grew by 215% to ₹812.69 million (₹81.27 crore) from ₹258.34 million (₹25.83 crore) in H1 FY26.
The company highlighted strong demand across its sailings, with a load factor of 75.53% in Q2 FY27 and 91.23% in H1 FY27. The average ticket price saw a 6% YoY increase in H1 FY27. As of September 30, 2026, total debt stood at ₹4125.28 million (₹412.53 crore), with a net worth of ₹7315.07 million (₹731.51 crore).
A significant operational highlight was the delivery of Cordelia Sky one month ahead of schedule, increasing capacity by approximately 126%. Cordelia Sky is set to commence operations on October 23, 2026. Cordelia Sun remains on track for delivery, and the company is evaluating new fleet opportunities. The company also launched its loyalty program, 'The Chairman’s Club'.
Jurgen Bailom, Chairman of the Board, Executive Director and CEO, expressed optimism about the performance, attributing it to sustained demand, healthy ticket yields, optimized capacity utilization, and disciplined execution. He emphasized that the addition of Cordelia Sky is a key milestone for growth and enhancing the customer experience.
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