Viceroy Hotels Limited has informed the Exchange about Investor Presentation
VHLTD · price
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Viceroy Hotels filed its Q1 FY26 investor presentation showing total income of ₹2,645.31 lakhs, down 3.8% YoY, with EBITDA falling 13.6% to ₹482.20 lakhs and EBITDA margin contracting 158 bps to 19.01%. The company slipped into a loss with PAT of -₹302.32 lakhs versus a profit of ₹171.75 lakhs in Q1 FY25, mainly due to a sharp spike in tax expense (+1,391%) and weaker performance at the Courtyard property, which is under partial renovation (occupancy dropped 43% to 41.5%). Management outlined a ₹100+ Cr investment plan over the next 2-3 years to renovate and upgrade Marriott and Courtyard properties in three phases, plus a new 200-room Courtyard by Marriott project in Madhapur in the pipeline. The company also highlighted an investment strategy targeting greenfield, brownfield, and NCLT-distressed assets, with FY25 full-year results showing strong recovery (revenue up 13.9%, EBITDA up 61%, PAT of ₹76.4 Cr).
Short-term Q1 FY26 results are weak and the stock could face pressure on margin concerns and the loss reported, though management attributes the softness to ongoing renovation. The multi-year capex plan and new Madhapur project signal long-term growth intent, but execution risk and continued Courtyard drag remain key things to watch for shareholders.