ALFA Finder| Revenue growth | H1 total income +61%; Q2 +53% YoY |
|---|---|
| Margins | H1 EBITDA margin 26.5% vs 24.3%; Q2 26.7% vs 28.6% |
| Demand visibility | Courtyard occupancy 87.4% vs 31.5%; Hyderabad corporate demand strong |
Growth
Q2 total income ₹48.8 Cr (+53% YoY); Q2 EBITDA ₹12.9 Cr (+46%). Courtyard rooms revenue +39% in H1; Executive Apartments rooms +19%. H1 PAT ₹3.7 Cr vs ₹1.4 Cr.
Outlook
20,000 sq ft convention centre opens Dec 2026, with uplift expected from Q4 FY27. Marriott Phase III due FY28; 200-key Courtyard Madhapur greenfield in pipeline. No numeric growth guidance.
Risks
Finance cost ₹11.2 Cr in H1 vs ₹2.1 Cr; Q2 PAT down 49%. Renovation cut Q2 F&B revenue 20% and about ₹2 Cr of EBITDA. Borrowings about ₹244 Cr.
Last quarter's promises, checked
Delivered
- Courtyard occupancy 80-85% → 87.4% vs 31.5% (= BEAT)
- Beat prior-year quarter every quarter → Q2 income ₹48.8 Cr +53%, H1 +61% (= BEAT)
Partly delivered
- Phase 1 revenue >₹50 Cr (+60%) → Courtyard rooms +39% H1 (= PARTIAL)
- ₹107 Cr rights issue to repay debt by Oct → debt ₹259 Cr→₹244 Cr; issue not mentioned (= PARTIAL)
Missed
- EBITDA margin >30% in FY27 → H1 26.5%, Q2 26.7% (= MISS)
- Courtyard ADR 6,800-8,500 → ADR down YoY, level undisclosed (= MISS)
Investor Presentation filed with BSE, NSE: VHLTD. Summary written with AI assistance from the document.
Viceroy Hotels Ltd: key numbers
- Share price
- ₹148.71
- Market cap
- ₹1,142 Cr
- Revenue (annual)
- ₹143.2 Cr
- Net profit (annual)
- ₹18.32 Cr
- P/E (TTM)
- 55.3×Sector 47.8×
- Promoter holding
- 74.03%-10.08% QoQ
- FII holding
- 0.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Viceroy Hotels Ltd
All →Viceroy Hotels Earnings Call Transcript: Key Takeaways
Viceroy reports strong operational recovery led by Courtyard's relaunch, despite Marriott renovation headwinds.
Viceroy Hotels Results Update
Viceroy Hotels reported H1 FY27 PAT of ₹3.68 Cr, up 2.7x YoY, with EBITDA surging 81%. A completed ₹105.83 Cr rights issue strengthened the balance sheet.
Viceroy Hotels Other Announcement
Viceroy Hotels filed CARE Ratings' monitoring agency report for the quarter ended September 30, 2026. Rights issue proceeds show no deviation from the offer objects.
Viceroy Hotels Q2 FY27 Results: Net Profit ₹2.2 Cr, Down 50.0% YoY
Viceroy Hotels Ltd reported revenue from operations of ₹48.2 Cr (+56.5% YoY) and net profit of ₹2.2 Cr (-50.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹2.2 Cr · -50.0% YoY
Viceroy Hotels Board Meeting Date
Viceroy Hotels schedules a board meeting on 12 November 2026 to consider standalone and consolidated unaudited results for the half year ended 30 September 2026. Trading remains closed until 48 hours after the results are declared.
Viceroy Hotels Other Announcement
Viceroy Hotels Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, as required by SEBI regulations.