Apeejay Surrendra Park Hotels Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
Published 13 Jun 2026 | Leisure Services | Market Cap: ₹2.5K Cr
Plan to double number of hotels from 42 to 85 and increase key count from 2,677 to 6,635 over next four years (Page 5). The company expects strong growth driven by: - Expansion of hotel portfolio from 42 to 85 hotels by FY30, nearly doubling keys from 2,677 to 6,635. - Focus on asset-light growth models, which will scale threefold, improving capital efficiency. - Continued leadership in occupancy and RevPAR supported by limited new supply and strong demand. - Improvement in Average Room Rate (ARR) via room renovations and premium positioning. - Flurys expanding from 110 to 140+ outlets by FY27, further boosting F&B revenues which form 43% of total revenues. - Increased cash flows from residential sales at EM Bypass, estimated Rs.
From Apeejay Surrendra Park Hotels Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
📊 Revenue & Sales Performance
Rank 3- →Plan to double number of hotels from 42 to 85 and increase key count from 2,677 to 6,635 over next four years (Page 5).
- →Addition of 12 hotels totaling 472 keys planned in FY27, including 8 asset-light model properties (Page 5).
- →Flurys aims to add over 30 outlets in next 10 months, increasing from 110 to 140 outlets; 40–50 outlets planned by 2030 (Pages 5, 10).
- →EM Bypass service apartment sales expected to improve cash flow by ~70 crores in FY27 (Pages 5, 10).
- →Expansion of premium/luxury hotels with 200+ rooms planned in Kolkata, Pune, Navi Mumbai, and others with higher ARR focus (Page 15).
- →Continued focus on asset-light growth model to drive efficient and sustainable expansion (Pages 5, 15).
- →Strong recovery post disruptions with expected growth driven by renovations, improved ARR, and reduced cancellations (Page 8, 15).
See what Apeejay Surrendra Park Hotels Ltd said on profitability & margins — free account, 30 seconds.
🏗️ Capital Expenditure Plans
Yes- →Approximate Rs. 1100 crores investment planned for five projects (Pune, Mumbai, Vizag, EM Bypass Kolkata, Jaipur) totaling 950 rooms (Page 14).
- →EM Bypass contribution expected around Rs. 350 crores, with Rs. 70 crores expected this year.
- →Acquisition/project cost of Zillion and THALI amounts to about Rs. 330 crores.
- →Normal capex and Flurys expansion capex about Rs. 30-40 crores per annum (Page 14).
- →Total capex demand estimated at Rs. 1500 crores, majorly funded via internal accruals.
- →Flurys expansion: adding 30 outlets in next 10 months, targeting 40-50 outlets over next 4 years to 2030 (Page 7).
- →Delay in Vishakhapatnam hotel project due to environmental clearance but construction to begin soon; expected opening by 2030 (Page 17).
- →Acquisition of Malabar House (Relais & Chateaux hotel) expected to conclude by June; enhances luxury portfolio (Page 16).
See what Apeejay Surrendra Park Hotels Ltd said on fundraising & capital structure — free account, 30 seconds.
📋 Order Book & Pipeline
Yes- →Apeejay Surrendra Park Hotels has approximately five major projects pending, covering Pune, Mumbai, Vishakhapatnam, EM Bypass (Kolkata), and Jaipur.
- →These projects total about 950 rooms.
- →The estimated investment per room is around Rs. 1.2 crore, resulting in an aggregate investment of approximately Rs. 1100 crores.
- →EM Bypass project contribution is expected to be Rs. 350 crores, with Rs. 70 crores expected in the current financial year.
- →Additional acquisition/project costs for Zillion and THALI amount to around Rs. 330 crores.
- →Normal capital expenditure is about Rs. 40 crores per annum.
- →Flurys expansion capex is approximately Rs. 30-40 crores per annum.
- →Total anticipated capital demand over the next few years is near Rs. 1500 crores.
- →Funding is primarily through internal accruals and existing cash equivalents (~Rs. 80 crores), supplemented by lines of credit.
Key Metrics
3 of 5 growth signals positive in the Q4 FY26 call.
Revenue
Margin
Capex
Fundraise
Order Book
How does Apeejay Surrendra Park Hotels Ltd rank vs peers in Leisure Services?
Pro featureSee full Leisure Services sector rankings
Price
₹116
Market Cap
₹2.5K Cr
P/E Ratio
39.0
Apeejay Surrendra Park Hotels Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹171 Cr, net profit ₹13 Cr.
Full financials →Continue your research
What Apeejay Surrend.'s management said in earlier quarters
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Frequently Asked Questions
What were Apeejay Surrendra Park Hotels Ltd Q4 FY26 results?
Plan to double number of hotels from 42 to 85 and increase key count from 2,677 to 6,635 over next four years (Page 5). The company expects strong growth driven by: - Expansion of hotel portfolio from 42 to 85 hotels by FY30, nearly doubling keys from 2,677 to 6,635. - Focus on asset-light growth models, which will scale threefold, improving capital efficiency. - Continued leadership in occupancy and RevPAR supported by limited new supply and strong demand. - Improvement in Average Room Rate (ARR) via room renovations and premium positioning. - Flurys expanding from 110 to 140+ outlets by FY27, further boosting F&B revenues which form 43% of total revenues. - Increased cash flows from residential sales at EM Bypass, estimated Rs.
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 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?
Approximate Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.