Cordelia Cruises Q1 FY27: revenue up, profit down, 10:1 share split approved
CORDELIA · price
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Waterways Leisure (Cordelia Cruises) reported Q1 FY27 results with revenue from operations at Rs 1,901 million, up from Rs 1,763 million YoY. However, standalone net profit fell to Rs 273 million from Rs 373 million, and consolidated profit dropped to Rs 218 million from Rs 336 million, hit by higher operating expenses and finance costs. The company recently listed on BSE and NSE on July 1, 2026 after IPO at Rs 808 per share. Board approved 10:1 share sub-division subject to shareholder approval. Company also advanced Rs 473 million as loan to foreign subsidiary and USD 6 million for upcoming vessel SUN.
Revenue growth is positive but profit decline and higher costs may weigh on sentiment. Share split and new vessel expansion are forward-looking positives for liquidity and capacity.