Apeejay Surrendra Park Hotels Ltd
Apeejay Surrendra Park Hotels Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
ASPHL expects sustained double-digit growth in revenue, targeting higher mid-teens growth (above 15%) in FY26 and beyond. The company expects sustained double-digit growth in the quarters ahead, with FY26 likely to see higher mid-teens growth, potentially ahead of 15% (ARR and overall revenue growth). - Profit Before Tax (PBT) is projected in the range of Rs.
From Apeejay Surrendra Park Hotels Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- ASPHL expects sustained double-digit growth in revenue, targeting higher mid-teens growth (above 15%) in FY26 and beyond.
- Flurys café and restaurant segment aims for mature stores to achieve annual revenues of Rs. 1 crore, with plans to grow from 100 to 200 outlets by FY27.
- Over the next two years, the Flurys brand plans rapid expansion, especially in North India, supported by a new large central commissary.
- ASPHL will add approximately 830 owned hotel keys over 5 years, including 200 rooms in Pune, 250 in Kolkata, 170 in Navi Mumbai, 150 in Jaipur, and 100 in Vizag.
- Management contracts will add roughly 300 keys annually for the next 5 years, targeting growth across North India's tier-2 cities and existing markets.
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Profitability & Margins
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Capital Expenditure Plans
- Current FY25 Q4 CAPEX plan is approximately Rs. 30 crore.
- FY26 CAPEX outlay expected between Rs. 150 crore to Rs. 170 crore.
- Capex funded through internal accruals plus Rs. 100 crore cash inflow from EM Bypass apartment sales.
- Major projects include:
- 200-room hotel opening in Pune (FY27).
- 100-room hotel in Vizag (FY27).
- Kolkata EM Bypass project with 250 rooms (FY28).
- Navi Mumbai expansion adding 170 rooms (total 250 keys).
- Jaipur hotel with 150 keys (FY29).
- Joint development with Ambuja Neotia Group for serviced apartments at EM Bypass, generating Rs. 100 crore cash flow annually for 3 years.
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Top-ranked in Leisure Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The company currently has ongoing projects with about 830 owned keys under development across multiple locations: Pune (200 keys), Kolkata (250 keys), Vizag (100 keys), Navi Mumbai (170 keys), and Jaipur (150 keys).
- For management contracts, ASPHL plans to add roughly 300 keys annually and aims to double its managed rooms from the current 1,050 keys over the next 5 years.
- New store expansion for Flurys brand includes 14 stores opening shortly and a plan to add around 40 stores in the coming year.
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Apeejay Surrendra Park Hotels Ltd — Quarterly revenue & net profit
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 Q3 FY25 results?
ASPHL expects sustained double-digit growth in revenue, targeting higher mid-teens growth (above 15%) in FY26 and beyond. The company expects sustained double-digit growth in the quarters ahead, with FY26 likely to see higher mid-teens growth, potentially ahead of 15% (ARR and overall revenue growth). - Profit Before Tax (PBT) is projected in the range of Rs.
What is Apeejay Surrendra Park Hotels Ltd share price analysis?
Apeejay Surrendra Park Hotels Ltd currently shows a neutral. The stock trades at a P/E of 39.0 with a market cap of ₹2,511 Cr. Investors should review the full earnings analysis for detailed insights.
Is Apeejay Surrendra Park Hotels Ltd planning capital expenditure?
Current FY25 Q4 CAPEX plan is approximately Rs.
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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.