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Apeejay Surrendra Park Hotels Ltd

Q1 FY27Leisure Services

Apeejay Surrendra Park Hotels Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹107
Market cap₹2.4K Cr
P/E36.7
Updated18 Sept 2026
Read5 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

Revenue for Q1 FY27 grew by 8% year-on-year to INR 167 crores; consolidated revenue was up 10% to INR 172 crores. The company expects very high returns from the newly acquired and strategically located Juhu hotel from year one itself in terms of revenue and profitability.

From Apeejay Surrendra Park Hotels Ltd's Q1 FY27 earnings-call transcript · updated 18 Sept 2026.

Revenue & Sales Performance

Moderate growth
  • Revenue for Q1 FY27 grew by 8% year-on-year to INR 167 crores; consolidated revenue was up 10% to INR 172 crores.
  • EBITDA grew by 3% year-on-year in Q1 FY27; consolidated EBITDA grew by 8%.
  • Expect stabilization and high performance from new hotels in Calcutta, Vishakhapatnam, Juhu, and Pune by 2030, boosting revenues.
  • Expansion plans include doubling hotels from 42 to 87 with 6,719 keys by 2030, driven by asset-light models.
  • Flurys brand targeting growth from 111 outlets to 400 outlets by 2030.
  • Food & Beverage (F&B) contributes 43% of total revenue and is expected to grow, especially in new markets like Juhu.

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Profitability & Margins

See what Apeejay Surrendra Park Hotels Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Total CAPEX planned over 4-5 years: approximately INR 1,140 crore for hotel projects (Pune - 200 rooms, Navi Mumbai - 250 rooms, Vizag - 100 rooms, EM Bypass - 220 rooms, Jaipur - 150 rooms) at around INR 1.2 crore per room.
  • Additional acquisition and renovation costs: Zillion acquisition (~INR 210 crore), Juhu renovation (~INR 80 crore), Kochi acquisition (~INR 64 crore); totaling about INR 350 crore.
  • EM Bypass project funding of approx. INR 350 crore is tied up.
  • Operational CAPEX of INR 40 crore per year for 4-5 years plus INR 40 crore per annum for Flurys expansion, targeting 400 outlets by FY30-31.
  • Overall CAPEX net of EM Bypass funding around INR 1,500 crore; company plans to finance approx. INR 1,300 crore through EBITDA, with potential additional financing (~INR 100-200 crore) if needed due to low net debt-to-EBITDA ratio.

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Top-ranked in Leisure Services

Ranked on what management guided this quarter

Guidance-ranked
1Landmark Global
Rev 2Mar 1
2Jubilant Foodworks Ltd
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Apeejay Surrendra Park Hotels Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Some relevant points related to ongoing and upcoming projects and expansions include: - EM Bypass Hotel and Residential project in Kolkata: 33 of 69 apartments sold, expected cash flows of Rs. 70-80 crores during the year, with Rs. 21 crores already received. - Plans to double hotels from 42 to 87 by 2030, increasing keys from 2,667 to 6,719, including both owned and asset-light models. - Flurys expansion: Currently at 111 outlets with plans to reach 140 outlets by year-end and 400 outlets by 2030.

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Apeejay Surrendra Park Hotels Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹171 Cr, net profit ₹13 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Apeejay Surrend.'s management said in earlier quarters

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Frequently Asked Questions

What were Apeejay Surrendra Park Hotels Ltd Q1 FY27 results?

Revenue for Q1 FY27 grew by 8% year-on-year to INR 167 crores; consolidated revenue was up 10% to INR 172 crores. The company expects very high returns from the newly acquired and strategically located Juhu hotel from year one itself in terms of revenue and profitability.

What is Apeejay Surrendra Park Hotels Ltd share price analysis?

Apeejay Surrendra Park Hotels Ltd currently shows a below-average growth signal. The stock trades at a P/E of 36.7 with a market cap of ₹2,364 Cr. Investors should review the full earnings analysis for detailed insights.

Is Apeejay Surrendra Park Hotels Ltd planning capital expenditure?

Total CAPEX planned over 4-5 years: approximately INR 1,140 crore for hotel projects (Pune - 200 rooms, Navi Mumbai - 250 rooms, Vizag - 100 rooms, EM Bypass - 220 rooms, Jaipur - 150 rooms) at around INR 1.2 crore per room. - Additional acquisition and renovation costs: Zillion acquisition (~INR 210 crore), Juhu renovation (~INR 80 crore), Kochi acquisition (~INR 64 crore); totaling about INR 350 crore. - EM Bypass project funding of approx.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.