Financial Performance Summary

Sterling Holiday Resorts Limited reported its strongest-ever quarterly performance for Q1 FY27, marking its 26th consecutive profitable quarter.

Revenue and Profitability:

  • Total Revenue: ₹1.7 Billion, representing 21% year-on-year growth
  • EBITDA: Over ₹620 Million, with 21% year-on-year growth
  • EBITDA Margin: 37%, maintained at industry-leading levels
  • Profit Before Tax: 30% year-on-year growth
  • PBT Margin: Expanded by 200 basis points
  • Operating Free Cash Flow: Increased 30% year-on-year

Operational Metrics:

  • Occupancy: Improved by 700 basis points to 77%
  • Average Room Rate (ARR): Reached record ₹7,809
  • Revenue Per Available Room (RevPAR): Grew 20%
  • Room Revenue: Grew 29%
  • Food & Beverage Revenue: Increased 15%

Balance Sheet Strength:

  • Debt-free status maintained
  • Cash reserves: Exceeding ₹3.7 Billion

Business Scale and Expansion:

  • Current portfolio: 78 resorts with nearly 3,800 rooms across more than 65 destinations
  • Development pipeline: 35+ resorts and over 2,000 additional rooms
  • Asset-right strategy balancing owned, leased and managed properties

Awards and Recognition:

  • Sterling Kanha received Tripadvisor's 'Best of the Best' Award for the fourth consecutive year
  • 28 Sterling resorts received Tripadvisor Travellers' Choice Awards
  • 12 resorts earned the recognition for three consecutive years

Management Commentary:

Mr. Vikram Lalvani, Managing Director & CEO, stated that Q1 FY27 represents a defining milestone in Sterling's journey, reflecting the emergence of a fundamentally transformed business that has become a scalable, profitable and resilient hospitality platform. He highlighted that every growth engine delivered during the quarter, with the balance sheet being the strongest it has ever been. The company continues to invest in technology, Artificial Intelligence and leadership as strategic enablers for the next phase of growth. The ambition over the next five years is to compound the transformation into consistent growth, stronger returns on capital, increasing cash generation and sustained stakeholder value creation.

Corporate Structure:

Sterling Holiday Resorts Limited is a 100% independently managed subsidiary of Thomas Cook (India) Limited and part of Fairfax Financial Holdings Limited.