VHLTDBSEViceroy Hotels LtdHighNeutral
Announced Fri, 22 May · 21:18 IST

Press Release for Quarter and Financial Year ended 31.03.2026

Revenue Growth 20pctEbitda Margin ExpansionPat NegativeResults View source PDF

VHLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹137.05
prior close
₹140.66
base price
After-mkt
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-2.0-2.0-2.6-2.6+1.9+2.2+2.2-0.7+2.2+1.3-1.2-4.2-2.1
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AI summary

Viceroy Hotels Ltd reported strong Q4 FY26 revenue growth of 35.3% YoY to Rs. 49.5 Cr, driven by robust performance in hospitality and apartment segments. EBITDA surged 43.7% to Rs. 15.6 Cr with margins expanding 183 bps to 31.4%, reflecting disciplined cost management and operating leverage. However, PAT declined 39.8% to Rs. 6.0 Cr as higher finance costs and depreciation from expansion, renovation and acquisition investments weighed on profitability. For FY26, total revenue grew 6.3% to Rs. 149.7 Cr but PAT dropped sharply by 76.5% to Rs. 18.3 Cr. Management cited geopolitical tensions and softer hospitality demand as headwinds but maintained the company delivered resilient performance with 37% growth in revenue from operations.

Likely market impact

Despite strong top-line and EBITDA growth, the sharp PAT decline signals elevated leverage costs from ongoing expansion. Investors should monitor debt servicing and depreciation charges as new properties are commissioned, while the revenue momentum provides some comfort on execution.