Question 1

What are the key takeaways from Apeejay Surrendra Park Hotels Limited?

Accepted Answer

PARKHOTELS Q3 FY26: Consolidated revenue INR 200 crore; EBITDA INR 71 crore (35.3% margin) Q3 FY26 consolidated results (un-audited) — company reported consolidated revenue for Q3 FY26 at INR 200 crore and delivered its best-ever Q3. Consolidated nine-month Net Revenue grew 15.3% to INR 524 crore YoY. Profitability remained strong: Q3 EBITDA was INR 71 crore (EBITDA margin 35.3%), and nine-month EBITDA was INR 165 crore up 12.8% YoY with PAT for 9M at INR 54 crore. Management announced a strate…

Question 2

What were Apeejay Surrendra Park Hotels Limited's key financial metrics?

Accepted Answer

Consolidated revenue Q3 FY26: INR 200 crore (vs (not provided) in Q3 FY25); EBITDA Q3 FY26: INR 71 crore (vs (not provided) in Q3 FY25); EBITDA margin Q3 FY26: 35.3% (vs (not provided) in Q3 FY25); Occupancy Q3 FY26: 90% (vs (not provided) in Q3 FY25)

Question 3

What were the highlights of Apeejay Surrendra Park Hotels Limited?

Accepted Answer

Company recorded its best-ever Q3 with consolidated revenues crossing INR 200 crore and industry-leading 90% occupancy. Management expects The Park Unizen (EM Bypass Kolkata) serviced residences sales to add INR 300 crore to INR 350 crore in cash flow over three years. Company completed acquisition of 76% stake at Juhu, Mumbai; stake to go to 90% in '26-'27 and property expected to open towards end of March 2027. Flurys recorded top-line growth of 19% in Q3 FY26 (104 outlets) and single-day sal…

Question 4

What is the outlook or guidance for Apeejay Surrendra Park Hotels Limited?

Accepted Answer

Formal guidance: Flurys revenue target of INR 500 crore over the next 3 to 4 years remains unchanged. Management commentary: Company plans to add 17 hotels totaling 672 keys over next 14 months, taking overall room count in '26-'27 to 3,219 keys with 56 hotels. Management commentary: EM Bypass serviced residences cash flow phasing expected 30% in first year, 20% in second, 30% in third and remaining 10% in final (handover) year.

Question 5

What are the key risks or concerns for Apeejay Surrendra Park Hotels Limited?

Accepted Answer

Stated risk: Slower macro / F&B retail slowdown led to temporary recalibration of Flurys store openings in Q3. Inferred risk: Several large projects have shifted/back-ended (EM Bypass, Pune, Juhu timelines), increasing near-term execution and timing risk to FY27/FY28 openings. Stated risk: Capital allocation trade-offs—management diverted cash to acquisitions (Juhu, Purity, Malabar) which slowed Flurys rollout this quarter.

Apeejay Surrendra Park Hotels Limited

Quarterly Results 12

Annual Reports 2

Concalls 10

Apeejay Surrendra Park Hotels Limited

Quarterly Results 12

Annual Reports 2

Concalls 10