Viceroy Hotels Q1 FY27 Net Profit ₹144.8 Cr vs Loss

Key Financial Performance - Consolidated (Q1 FY27 vs Q1 FY26)

Total Income: ₹4,520.9 lakh (74.4% increase from ₹2,592.0 lakh in Q1 FY26)

EBITDA: ₹1,178.9 lakh (144.5% increase from ₹482.2 lakh in Q1 FY26)

EBITDA Margin: 26.1% (improved from 18.2%)

Depreciation & Amortization: ₹496.3 lakh

Finance Costs: ₹544.9 lakh

Profit Before Tax: ₹137.6 lakh (262.0% increase from ₹38.0 lakh)

PBT Margin: 3.0% (improved from 1.4%)

Tax Expense: -₹7.1 lakh (compared to ₹340.3 lakh)

Profit After Tax: ₹144.8 lakh (significant improvement from loss of ₹302.3 lakh)

PAT Margin: 3.2% (improved from -11.4%)

Basic EPS: ₹0.21 (improved from -₹0.04)

Key Financial Performance - Standalone (Q1 FY27 vs Q1 FY26)

Total Revenue: ₹3,593.0 lakh (35.8% increase from ₹2,645.3 lakh)

EBITDA: ₹959.7 lakh (99.0% increase from ₹482.2 lakh)

EBITDA Margin: 26.7% (improved from 18.2%)

Depreciation & Amortization: ₹413.6 lakh

Finance Costs: ₹436.6 lakh

Profit Before Tax: ₹109.6 lakh (188.1% increase from ₹38.0 lakh)

PBT Margin: 3.1% (improved from 1.4%)

Tax Expense: -₹5.8 lakh (compared to ₹340.3 lakh)

Profit After Tax: ₹115.4 lakh (significant improvement from loss of ₹302.3 lakh)

PAT Margin: 3.2% (improved from -11.4%)

Basic EPS: ₹0.17 (improved from -₹0.45)

Operational Metrics - Q1 FY27 vs Q1 FY26

Average Daily Rate (ADR):

Marriott: ₹6,188 (decreased 12.01% from ₹7,032)
Courtyard: ₹5,985 (decreased 9.93% from ₹6,645)
Combined: ₹6,107 (decreased 12.15% from ₹6,952)

Occupancy %:

Marriott: 72.04% (increased from 59.96%)
Courtyard: 83.65% (increased from 38.31%)
Combined: 76.25% (increased from 53.65%)

RevPAR:

Marriott: ₹4,457 (increased 5.71% from ₹4,217)
Courtyard: ₹5,006 (increased 96.68% from ₹2,545)
Combined: ₹4,657 (increased 24.85% from ₹3,730)

Historical Performance Trends (Annual)

FY 2025-26 Performance:

Revenue from Operations: ₹14,319.6 lakh
EBITDA: ₹3,803.9 lakh (26.6% margin)
Profit After Tax: ₹1,834.3 lakh
Basic EPS: ₹2.9

ADR Trends:

Marriott: FY25-26: ₹7,328, FY24-25: ₹6,864, FY23-24: ₹6,752
Courtyard: FY25-26: ₹7,633, FY24-25: ₹6,758, FY23-24: ₹6,616
Combined: FY25-26: ₹7,402, FY24-25: ₹6,834, FY23-24: ₹6,707

Occupancy Trends:

Marriott: FY25-26: 69.5%, FY24-25: 69.40%, FY23-24: 62.10%
Courtyard: FY25-26: 52.2%, FY24-25: 72.60%, FY23-24: 79.20%
Combined: FY25-26: 64.3%, FY24-25: 70.30%, FY23-24: 66.80%

RevPAR Trends:

Marriott: FY25-26: ₹5,092, FY24-25: ₹4,765, FY23-24: ₹4,196
Courtyard: FY25-26: ₹3,987, FY24-25: ₹4,909, FY23-24: ₹5,238
Combined: FY25-26: ₹4,761, FY24-25: ₹4,805, FY23-24: ₹4,483

Strategic Expansion and Renovation Plan

The company has outlined a ₹100+ crore investment plan to renovate and upgrade existing properties in three phases:

Phase I (Completed):

Courtyard by Marriott: 6th and 7th Floor - 56 Guest Rooms
8th Floor - Spa (7 Rooms) and full-fledged gym
9th Floor - Rooftop Bar with 70 covers overlooking Swimming Pool with view of Hussain Sagar lake
Back of the House reorganization for both hotels

Phase II (Expected completion - FY27):

168 Guest Rooms to be upgraded to contemporary design
Convention Centre upgrade to 20,000 sq. ft. divisible into 3 separate banquet halls
Work started from first week of April 2026

Phase III (Expected completion - FY28):

4 F&B outlets and Executive Lounge upgrade with added capacity
Altitude to be converted to high-end Pan Asian Restobar
Lobby upgrade with massive entrance through elephant garden
127 Guest Rooms of Marriott to be upgraded to contemporary design

Market Context

Hyderabad Hospitality Market:

7,600 branded keys across 48 hotels
Premium hotels account for 66% of supply
Upper Midscale to Economy makes up 34%
Strong corporate demand with upcoming infrastructure projects

Infrastructure Developments:

Regional Ring Road (2026) - Faster intercity travel
NH-65 Double-Decker Corridor (2026) - Major highway upgrade
Metro Rail Phase II including Airport Express (By 2030) - Direct airport & city access
Pharma City, Mucherla (By 2030) - Large business hub
New Airport, Kothagudem (Proposed, TBD) - Additional passenger inflows

Corporate Demand Drivers:

Global hub for GCCs hosting around 355 capability centers
Key hubs: HITEC City (62% of existing office supply), Madhapur, Gachibowli, Financial District

Management Team

Mr. Ravinder Reddy Kondareddy: Managing Director & CEO, BE (Electronics) from RV College of Engineering
Mr. Solipuram Prabhakar Reddy: Non-Executive & Non-Independent Director, entrepreneur with 25+ years in North America
Mr. Anirudh Reddy Konda Reddy: Non-Executive & Non-Independent Director, graduate of Jindal Global Law School
Mr. Venkata Krishna Reddy Puli: Chief Financial Officer, Chartered Accountant with 15+ years experience
Mr. Pradyumna Kodali: Chief Operating Officer, Engineering degree from BITS Pilani
Mr. Amarender Reddy Bandaru: Addl. CEO and Director of Procurement & Human Resources
Mr. Arvind Reddy Bandaru: Addl. CEO & Director of Engineering

Company Vision

"Our vision at Viceroy Hotels is to transform Asia's hospitality landscape, aiming to be a top brand."

Investment Strategy

Focuses on three core criteria:

1. Financial Viability - Ensuring strong financial sustainability and returns

2. Location Feasibility - Strategic locations with strong demand

3. Unique Value Propositions - Differentiated positioning and competitive advantages

Targets three project types:

Green Field Project - Innovative developments with long-term growth potential
Brown Field Project - Strategic assets with operational enhancement potential
NCLT - Distressed Assets - Transforming underperforming assets