Financial Performance - Q4 FY26

Income Statement Highlights

  • Total Income: ₹49.5 crores (vs ₹36.6 crores YoY)
  • EBITDA: ₹15.6 crores (vs ₹10.8 crores YoY)
  • Profit Before Tax (PBT): ₹5.5 crores (vs ₹7.1 crores YoY)
  • Profit After Tax (PAT): ₹6.0 crores (vs ₹10.0 crores YoY)
  • Revenue from Operations: Grew 36.9% YoY to ₹48.4 Cr in Q4 FY26
  • FY26 Revenue: Grew 4.3% YoY to ₹143.2 Cr

Margin Performance

  • EBITDA Margin: Expanded 183 basis points YoY to 31.4% in Q4 FY26
  • EBITDA Growth: Increased 43.7% YoY to ₹15.6 Cr during the quarter

Segmental Performance for Q4 FY26

Hospitality (Courtyard & Marriott)

  • Occupancy: 64.8% (vs 67.6% YoY, -280 bps)
  • ADR: ₹7,605 (vs ₹7,769 YoY, -2.1%)
  • RevPAR: ₹4,931 (vs ₹5,249 YoY, -6.1%)
  • Revenue: ₹20.6 Cr (vs ₹19.2 Cr YoY, +6.9%)

Hospitality (Executive Apartments)

  • Occupancy: 81% (vs 84% YoY, -300 bps)
  • ADR: ₹16,578 (vs ₹15,506 YoY, +6.9%)
  • RevPAR: ₹13,438 (vs ₹13,024 YoY, +3.2%)
  • Revenue: ₹9.0 Cr (vs ₹8.8 Cr YoY, +3.0%)

Food & Beverage Performance

  • F&B (Courtyard & Marriott) Revenue: ₹13.5 Cr (vs ₹15.0 Cr YoY, -10%)
  • F&B (Executive Apartments) Revenue: ₹3.7 Cr (vs ₹3.1 Cr YoY, +19%)

Annual Performance Highlights

  • Executive Apartments Room Revenue FY26: Grew 10.0% YoY to ₹33.2 Cr
  • Hotel Room Revenues: Remained broadly stable amid softer hospitality demand conditions

Management Commentary

Mr. Ravinder Reddy Kondareddy, Managing Director & CEO, commented on the results: \"We are pleased to report a quarter of stable operating performance despite a relatively softer business environment due to ongoing West Asia crisis. The hospitality sector continued to witness the impact of geopolitical tensions, regional conflicts and intermittent travel disruptions during the quarter; however, our performance remained resilient with our company delivering 37% growth in revenue from operations in Q4 FY26. During the quarter, we remained focused on operational efficiencies and disciplined execution while continuing to progress our renovation and expansion initiatives in a phased manner. These efforts continue to strengthen the long-term positioning of our hospitality portfolio and support sustainable stakeholder value creation.\"

Business Overview

Viceroy Hotels Ltd operates three premium Marriott-branded properties in Hyderabad:

  • Marriott Hyderabad
  • Courtyard by Marriott
  • Executive Apartments
  • Total Room Inventory: 538 rooms keys
  • Location: Central Business District of Hyderabad
  • Target Segments: Luxury and business segments

The company is strategically expanding into key Indian markets with focus on:

  • Business travel segments
  • Leisure travel segments
  • Luxury travel segments
  • Destination travel segments

Investor Relations Contact

  • IR Firm: MUFG Intime India Private Limited
  • Contacts: Ms. Darshni Desai / Mr. Parth Patel

Forward-Looking Statements Disclaimer

The document includes a safe harbor statement noting that forward-looking statements about expected future events and financial results are based on assumptions and not guaranteed. Past performance should not be extrapolated into the future, and actual results may differ due to various risks including industry downtrends, political and economic environment changes, tax laws, litigation, labor relations, exchange rate fluctuations, technological changes, and other factors. The company does not undertake to update forward-looking statements.

Impact Assessment

  • PAT Impact: Impacted by higher finance costs and depreciation related to expansion, renovation and acquisition-led investments
  • Operational Impact: Operating leverage benefits from disciplined cost management
  • Market Conditions: Softer hospitality demand conditions due to geopolitical tensions and West Asia crisis