Apeejay Surrendra Park Hotels Limited has informed the Exchange regarding a press release dated May 28, 2026, w.r.t. financial results for the fourth quarter (Q4) and financial year ended March 31, 2026".
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Apeejay Surrendra Park Hotels reported Q4 FY26 revenue of Rs. 183.70 crore, up 3.6% from Rs. 177.32 crore in Q4 FY25. However, Operating EBITDA declined to Rs. 52.99 crore from Rs. 62.09 crore in the same period last year, indicating margin compression. Profit after tax dropped significantly to Rs. 11.88 crore from Rs. 26.58 crore in Q4 FY25, a decline of about 55%. For the full year FY26, revenue crossed Rs. 700 crore milestone at Rs. 707.28 crore with PAT of Rs. 65.72 crore. The company maintained strong occupancy at 90% in Q4. The Board approved a 75% dividend payout. ASPHL expanded its portfolio through acquisitions of Zillion Hotels, Fisherman's Grove Resorts, and Thali Hotels, and aims to more than double its room inventory to 6,653 keys over five years. Flurys bakery brand delivered 29% YoY revenue growth with 110 outlets.
Despite strong occupancy and revenue growth, the sharp decline in profitability and EBITDA margins in Q4 raises concerns about cost management. The healthy 75% dividend payout and FY26 full-year performance provide some comfort to shareholders.