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Viceroy Hotels Ltd

Q3 FY25Leisure Services

Viceroy Hotels Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹120
Market cap₹843 Cr
P/E37.0
Updated23 Aug 2026
Read4 min read

The short version

Revenues expected to increase by about 30% post-renovation, targeting INR170 crores in the first full year after completion. Post-renovation, Viceroy Hotels Limited expects a significant increase in Average Daily Rates (ADR) to INR 9,500-10,500 from the current ~INR 7,500, potentially driving a ~30% revenue increase.

From Viceroy Hotels Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Revenues expected to increase by about 30% post-renovation, targeting INR170 crores in the first full year after completion.
  • EBITDA projected to exceed INR60 crores, primarily driven by room business with flow-through profit of around 95% from ADR improvements.
  • Anticipated ADR uplift to INR9,500–INR10,500 from current levels (~INR7,423), boosting revenue significantly.
  • Supply growth in metro cities like Hyderabad is limited (~3-4% per year) while demand is rising at 10-12% annually, favoring increased occupancy pricing.
  • Q4 occupancy in Hyderabad’s central business district is around 70%, with potential for slight improvement post-renovation.

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Profitability & Margins

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Capital Expenditure Plans

  • Viceroy Hotels Limited is currently undergoing a phased renovation of its Courtyard by Marriott hotel, expected to be completed by 2027, including adding 56 new guest rooms, a gym, spa, and rooftop bar with a pool.
  • The Marriott property is also under renovation for about two years starting April 2025, focusing on the convention center and select guest rooms, with most work scheduled during lean summer months to minimize revenue impact.
  • The company is evaluating acquisition of another hotel in Hyderabad, aiming to expand its portfolio to three hotels soon, with a definitive agreement expected.

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Top-ranked in Leisure Services

Ranked on what management guided this quarter

Guidance-ranked
Rev 2Mar 1
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

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Order Book & Pipeline

The transcript provided from Viceroy Hotels Limited does not explicitly mention any current or expected order book or pending orders. However, relevant points regarding the company's ongoing and upcoming projects include: - The company is evaluating another hotel acquisition in Hyderabad, aiming to expand its portfolio to three hotels soon. - Renovation projects are underway at both Marriott and Courtyard by Marriott properties. - Courtyard renovation includes completion by 2027 with phased additions of rooms, gym, spa, rooftop bar, and pool.

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Viceroy Hotels Ltd — Quarterly revenue & net profit

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

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹48 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Viceroy Hotels Ltd Q3 FY25 results?

Revenues expected to increase by about 30% post-renovation, targeting INR170 crores in the first full year after completion. Post-renovation, Viceroy Hotels Limited expects a significant increase in Average Daily Rates (ADR) to INR 9,500-10,500 from the current ~INR 7,500, potentially driving a ~30% revenue increase.

What is Viceroy Hotels Ltd share price analysis?

Viceroy Hotels Ltd currently shows a neutral. The stock trades at a P/E of 37.0 with a market cap of ₹843 Cr. Investors should review the full earnings analysis for detailed insights.

Is Viceroy Hotels Ltd planning capital expenditure?

Viceroy Hotels Limited is currently undergoing a phased renovation of its Courtyard by Marriott hotel, expected to be completed by 2027, including adding 56 new guest rooms, a gym, spa, and rooftop bar with a pool.

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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.