Operates three Marriott-branded hotels in Hyderabad with 538 rooms, earning revenue from room rentals, food and beverage, and other guest services. Combined hotel occupancy rose to 76.3% in Q1 FY27 from 53.7% in the prior-year quarter, with RevPAR up 24.9% over the same period. Recently acquired the 75-room Marriott Executive Apartments in Hyderabad for Rs 206 crore and has outlined a Rs 100+ crore renovation plan for existing properties across three phases through FY28. The cost structure is led by other operating expenses (42.4% of FY26 revenue) and employee costs (20.6%), with depreciation at 10.5% reflecting the asset-heavy nature of the business. Profit after tax fell 76.5% in FY26 to Rs 18.3 crore despite revenue growth, due to higher finance costs and depreciation tied to expansion and acquisitions. The board has approved a rights issue of up to Rs 107 crore to raise public shareholding from 15.89% to meet the 25% minimum public shareholding requirement. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Hotel operations, Executive Apartments. Asset-heavy, cyclical hospitality with ongoing expansion and renovation
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 65 | 116 | 138 | 137 | 143 |
| EBITDA (ex other income) | (22) | 6 | 15 | 34 | 38 |
| margin % | (33.0) | 5.1 | 10.6 | 24.8 | 26.6 |
| Owners' profit | 0 | 0 | 0 | 78 | 0 |
| EPS, as reported (₹) | (6.20) | 0.01 | 1.41 | 12.21 | 2.91 |
| ROE % · ROCE % | 5.9 · (18.7) | 0.0 · 1.2 | 3.6 · 0.7 | 31.9 · 8.7 | 6.9 · 5.7 |
| Debt / equity (x) | (1.23) | (1.17) | 2.52 | 0.21 | 0.99 |
| Cash from operations | (17) | (23) | (159) | 32 | 58 |
| Capex | (0) | 0 | (21) | (18) | (123) |
| ₹ crore | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 32 | 32 | 38 | 35 | 39 | 48 | 45 |
| Profit before tax | 0 | 1 | 5 | 7 | 7 | 11 | 6 | 1 |
| Net profit | 0 | 1 | 60 | 7 | 10 | 11 | 6 | 1 |
| EPS (₹) | 0.04 | 0.17 | 9.45 | 1.15 | 1.62 | 1.63 | 0.89 | 0.21 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Telangana High Court sets aside Rs 3.56 crore demand notice in favour of Viceroy Hotels | strategic transactions | high | — | — |
| 10 Sept 2026 · Viceroy Hotels AGM: All resolutions passed with 99.98% majority | compliance | minimal | — | — |
| 10 Sept 2026 · Viceroy Hotels 61st AGM: all resolutions passed, Marriott buyout and rights issue discussed | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Viceroy Hotels Rights Issue: Pre-issue advertisement published | compliance | minimal | — | — |
| 21 Aug 2026 · Viceroy Hotels revised Rights Issue Letter of Offer | fund raising | high | — | — |
| 20 Aug 2026 · Book Closure for 61st AGM on September 10, 2026 | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Viceroy Hotels publishes 61st AGM notice in newspapers | compliance | minimal | — | — |
| 19 Aug 2026 · Viceroy Hotels files 61st Annual Report for FY 2025-26 | compliance | low | — | — |
| 19 Aug 2026 · 61st AGM scheduled for 10 September 2026 via video conference | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Letter of Offer for Rights Issue of Equity Shares | corporate actions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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