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Waterways Leisure Tourism Q2 FY27 results: net profit ₹81.27 crore
Waterways Leisure Tourism Limited reported consolidated revenue of ₹323.01 crore and a net profit of ₹81.27 crore for Q2 FY27, compared with ₹190.11 crore and ₹22.77 crore in Q1 FY27. EBITDA rose to ₹54.96 crore, while the margin declined to 17.0% from 23.7%; the company also recorded an exceptional gain of ₹49.49 crore.
Key points
- Consolidated revenue was ₹323.01 crore in Q2 FY27, up 69.9% from ₹190.11 crore in Q1 FY27.
- EBITDA was ₹54.96 crore in Q2 FY27, up 22.1% from ₹45.03 crore in Q1 FY27, while the margin fell 6.7 percentage points to 17.0%.
- Net profit was ₹81.27 crore in Q2 FY27, up 256.9% from ₹22.77 crore in Q1 FY27; basic EPS was ₹1.20.
- Total assets were ₹1,348.43 crore, total equity was ₹727.34 crore, borrowings were ₹412.53 crore and cash was ₹7.00 crore as of 30 September 2026.
- The stock was up 2.9% on the reaction day and down 7.4% by the fifth session from the pre-results close.
How did Waterways Leisure Tourism perform in Q2 FY27?
Waterways Leisure Tourism reported consolidated revenue of ₹323.01 crore in Q2 FY27, against ₹190.11 crore in Q1 FY27. Other income was ₹19.77 crore and total expenses were ₹300.12 crore. EBITDA was ₹54.96 crore, up from ₹45.03 crore, but the margin declined 6.7 percentage points to 17.0% from 23.7%. The company recorded an exceptional gain of ₹49.49 crore.
Profit before tax was ₹92.15 crore in Q2 FY27, compared with ₹33.05 crore in Q1 FY27, while tax was ₹10.88 crore. Net profit rose to ₹81.27 crore from ₹22.77 crore. Basic EPS was ₹1.20, down from ₹3.49. On the standalone basis, revenue was ₹323.01 crore and profit after tax was ₹33.78 crore. The figures were for the July–September 2026 quarter and the results were approved by the board on 9 October 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | QoQ |
|---|---|---|---|
| Revenue from operations | 323.01 | 190.11 | +69.9% |
| Other income | 19.77 | 1.50 | +1218.0% |
| Total expenses | 300.12 | 158.56 | +89.3% |
| EBITDA | 54.96 | 45.03 | +22.1% |
| EBITDA margin | 17.0% | 23.7% | −6.7 pp |
| Profit before tax | 92.15 | 33.05 | +178.8% |
| Tax | 10.88 | 10.28 | +5.8% |
| Net profit | 81.27 | 22.77 | +256.9% |
| EPS (₹) | 1.20 | 3.49 | −65.6% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹1,348.43 crore and total equity was ₹727.34 crore. Borrowings were ₹412.53 crore and cash was ₹7.00 crore. Inventories were ₹5.08 crore, trade receivables were ₹31.54 crore and trade payables were ₹34.59 crore. The previous balance-sheet date and comparative figures for these items were not provided.
For H1 FY27, operating cash flow was ₹51.16 crore, investing cash flow was negative ₹911.65 crore and financing cash flow was ₹863.20 crore. Capital expenditure was ₹48.18 crore. The comparative year-earlier cash-flow figures and closing cash for H1 FY27 were not provided.
| ₹ crore | As of 30 September 2026 |
|---|---|
| Total assets | 1,348 |
| Total equity | 727.34 |
| Borrowings | 412.53 |
| Cash and equivalents | 7 |
| Inventories | 5.08 |
| Trade receivables | 31.54 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 |
|---|---|
| Cash from operations | 51.16 |
| Cash from investing | −911.65 |
| Cash from financing | 863.20 |
| Capital expenditure | 48.18 |
Source: Company's results filing (XBRL).
What did Waterways Leisure Tourism's management say?
Management said Cordelia Sky would commence sailings on 23 October 2026, with capacity for 2,400 guests across 1,002 staterooms and an overall capacity increase of approximately 126%. The company said revenue from Sky would contribute from the second half of FY27, while larger benefits would build progressively as utilisation increased. Management also said the company remained focused on demand generation, pricing, inventory management, customer experience and cost discipline.
Management maintained medium-term guidance that EBITDA margin could reach 35% to 40% as the fleet scales, citing global cruise margins of 35% to 40%. The company said Cordelia SUN was due for delivery in 11 months, around September 2027, and that discussions for a third vessel were active. Management said fuel cost per APCD rose to ₹2,471 from ₹1,434 year on year, with an H1 impact of about ₹28 crore, partly absorbed through a fuel surcharge of $15–20 per passenger per day.
Management said the company hoped fuel costs would normalise to the original forecast by Q4 FY27, with pricing, surcharges and cost discipline expected to absorb the residual impact of about ₹12 crore. The company also said the Indian cruise industry recorded approximately 4.8 lakh passenger movements in CY 2025 and was expected to grow at around 20% to 25% CAGR between FY26 and FY31. Management said it had no plans for West Asia or Europe for the foreseeable future.
How did Waterways Leisure Tourism shares react?
| After the filing | Stock |
|---|---|
| 5 minutes | +0.1% |
| 15 minutes | −0.4% |
| 30 minutes | +2.5% |
| Reaction day | +2.9% |
| Next day | −2.0% |
| 5 days | −7.4% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
Quick answers
What was Waterways Leisure Tourism's revenue in Q2 FY27?
Revenue from operations was ₹323.01 crore (consolidated).
Did Waterways Leisure Tourism make a profit in Q2 FY27?
Yes. Net profit was ₹81.27 crore.
What was Waterways Leisure Tourism's EPS in Q2 FY27?
Basic earnings per share were ₹1.20.
How did Waterways Leisure Tourism shares react to the Q2 FY27 results?
On the reaction day the stock moved +2.9% from the previous close.
When did Waterways Leisure Tourism announce its Q2 FY27 results?
On 9 October 2026, in a filing to the BSE.
Sources
- Board Meeting Outcome for Outcome Of Board Meeting - Un-Audited Standalone And Consolidated Financial Results And Limited Review Report For Second Quarter/ Half Year Ended September 30, 2026 (BSE, 9 October 2026) · PDF
- Outcome Of The Board Meeting - Un-Audited Standalone And Consolidated Financial Results And Limited Review Report For The Second Quarter/ Half Year Ended September 30, 2026. (BSE, 9 October 2026) · PDF
- Announcement under Regulation 30 (LODR)-Investor Presentation (BSE, 9 October 2026) · PDF
- The earnings call (15 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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