Viceroy Hotels Limited submitted an investor presentation covering financial results for Q2 and H1 FY27 ended September 30, 2026, in compliance with SEBI Listing Regulations Regulation 30.

Financial Performance Highlights

Q2 FY27 Performance (₹ in Lakhs):

  • Total Income: ₹4,879.5 (up 53.1% YoY from ₹3,186.1 in Q2 FY26)
  • EBITDA: ₹1,288.8 (up 46.1% YoY from ₹882.0)
  • EBITDA Margin: 26.7% (vs 28.6% in Q2 FY26)
  • Profit Before Tax: ₹101.3 (down 76.4% YoY from ₹429.6)
  • Profit After Tax: ₹223.0 (down 49.1% YoY from ₹438.2)
  • Basic EPS: ₹0.34 (vs ₹0.64 in Q2 FY26)

H1 FY27 Performance (₹ in Lakhs):

  • Total Income: ₹9,398.9 (up 61.2% YoY from ₹5,831.4 in H1 FY26)
  • EBITDA: ₹2,467.6 (up 80.9% YoY from ₹1,364.2)
  • EBITDA Margin: 26.5% (vs 24.3% in H1 FY26)
  • Profit Before Tax: ₹239.0 (down 48.9% YoY from ₹467.6)
  • Profit After Tax: ₹367.9 (up 170.7% YoY from ₹135.9)
  • Basic EPS: ₹0.55 (vs ₹0.20 in H1 FY26)

Operational Impact Factors

  • EBITDA impacted by approximately ₹2 Cr from temporary unavailability of banquets during Marriott convention center renovation
  • One-time marketing expense of ₹66.23 Lakh for promotion of Vayu restaurant at Courtyard by Marriott
  • Finance cost increased significantly to ₹579.3 Lakh in Q2 FY27 (from ₹109.7 Lakh in Q2 FY26) and ₹1,124.2 Lakh in H1 FY27 (from ₹210.3 Lakh in H1 FY26)

Balance Sheet Position (H1 FY27, ₹ in Lakhs)

  • Total Assets: ₹66,766.9 (vs ₹56,164.0 in FY26)
  • Fixed Assets: ₹39,596.2
  • Capital Work in Progress: ₹1,598.6
  • Goodwill: ₹5,856.8
  • Equity Share Capital: ₹7,678.2
  • Other Equity: ₹29,912.2
  • Net Worth: ₹37,590.4 (up 41% from ₹26,679.6 in FY26)
  • Borrowings: ₹24,377.5
  • Cash and Cash Equivalents: ₹11,054.7 (₹110.5 Cr)

Cash Flow (H1 FY27, ₹ in Lakhs)

  • Cash from Operating Activities: ₹1,809.6
  • Cash from Investing Activities: -₹1,877.8
  • Cash from Financing Activities: ₹9,180.6
  • Net increase in Cash: ₹9,112.4

Property-wise Performance

Hotels (Courtyard by Marriott & Marriott Hyderabad):

  • Q2 Rooms Revenue: ₹2,795.3 Lakh (up 39% YoY)
  • Q2 F&B Revenue: ₹1,523.8 Lakh (down 20% YoY due to banquet renovation)

Executive Apartments:

  • H1 Rooms Revenue: ₹1,099.3 Lakh (up 19% YoY)

RevPAR Performance Q2 FY27

  • Marriott Hyderabad: RevPAR up 6% YoY
  • Courtyard by Marriott: Occupancy surged to 87%
  • Executive Apartments: RevPAR up 17% YoY

Strategic Upgrade Plan

The company is executing a ₹100+ Cr three-phase transformation of flagship properties:

Phase I (Completed):

  • 56 guest rooms on 6th and 7th floors
  • Spa (7 rooms) and full-fledged gym on 8th floor
  • Rooftop bar with 70 covers overlooking swimming pool
  • Back of house reorganization

Phase II (Expected December 2026):

  • Upgrade existing 10,000 sq ft convention center
  • Add new 10,000 sq ft banquet hall
  • Total convention center capacity: 20,000 sq ft (divisible into 3 banquet halls)
  • Back of house upgrades

Phase III (Expected FY28):

  • Upgrade 4 F&B outlets and Executive Lounge with added capacity
  • Convert Altitude to high-end Pan Asian Restobar
  • Upgrade lobby with massive entrance through elephant garden
  • Upgrade 295 guest rooms to contemporary design

Future Projects

  • 200-key greenfield Courtyard by Marriott in Madhapur (proposed)

Industry Context

The presentation highlighted India's hospitality industry growth projections:

  • 10.5% CAGR, crossing INR 1 trillion by FY2026
  • Occupancy expected to rise by 500 bps
  • ARR growing 7-8% CAGR
  • RevPAR forecast to increase 7% annually during 2025-2027
  • MICE segment expanding at 13% CAGR

Hyderabad market context:

  • 7,600 branded keys across 48 hotels
  • Premium hotels account for 66% of supply
  • Strong corporate demand with 355 GCC capability centers

Leadership Team

The presentation featured the company's leadership:

  • Mr. Ravinder Reddy Kondareddy: Managing Director & CEO
  • Mr. Solipuram Prabhakar Reddy: Non-Executive & Non-Independent Director
  • Mr. Anirudh Reddy Konda Reddy: Non-Executive & Non-Independent Director
  • Mr. Venkata Krishna Reddy Puli: Chief Financial Officer
  • Mr. Pradyumna Kodali: Chief Operating Officer
  • Mr. Amarender Reddy Bandaru: Addl. CEO and Director of Procurement & Human Resources
  • Mr. Arvind Reddy Bandaru: Addl. CEO & Director of Engineering

Historical Financials (₹ in Lakhs)

  • FY 2025-26: Revenue ₹14,319.6, EBITDA ₹3,803.9, PAT ₹1,831.7
  • FY 2024-25: Revenue ₹13,729.4, EBITDA ₹3,342.2, PAT ₹7,799.3
  • FY 2023-24: Revenue ₹13,818.4, EBITDA ₹1,781.5, PAT ₹238.8