Apeejay Surrendra Park Hotels LimitedQ1 FY27 Results & Financial Update
Apeejay Surrendra Park Hotels Limited: Q1 FY27 consolidated results and company financials – revenue ₹166.80 Cr, PAT ₹11.50 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
Find an answer
Ask this result
Chart · Market context
Apeejay Surrendra Park Hotels price & chart
Market price₹102.17
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Apeejay Surrendra Park Hotels Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Apeejay Surrendra Park Hotels Limited reported revenue from operations of INR 166.8 crore for the first quarter of fiscal year 2027, marking an increase of 8.1% compared to INR 154.3 crore in the corresponding quarter of the previous year.
The company registered an operating EBITDA of INR 47 crore during Q1 FY27, representing a year-on-year increase of 3.3% from the previous year.
Profit after tax (PAT) for the quarter stood at INR 11.5 crore, compared to INR 13.4 crore recorded in Q1 FY26.
The company maintained strong operational metrics, achieving an occupancy rate of 92%, which management highlighted as the highest in India, alongside market leadership in RevPAR within the upper-upscale segment.
Growth during the period continued to be supported by expansion into Tier II and Tier III cities, alongside strategic acquisitions aimed at strengthening its presence in key destinations such as Mumbai and Kerala.
The company's retail F&B brand Flurys expanded its network further, targeting 30 new outlet openings during the year across the NCR and other regions to scale its retail footprint.
Cash flows were supported by record-breaking sales of service apartments in the EM Bypass Kolkata project during the quarter.
01 · Business model
What does Apeejay Surrendra Park Hotels do?
Apeejay Surrendra Park Hotels Limited (ASPHL) is a leading player in the Indian hospitality sector, renowned for its upscale properties, diverse food and beverage (F&B) offerings, and entertainment concepts.
The company operates a pan-India portfolio of owned, leased, and managed properties under five distinct brands: THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone.
Beyond its core hospitality services, ASPHL runs restaurants, nightclubs, and bars, and maintains a footprint in the retail F&B sector through its iconic bakery and confectionery brand, 'Flurys', which features cafes, kiosks, and restaurants.
02 · Historical context
What shaped the business before this quarter
Since its inception in 1967 with the opening of its first property in Kolkata under 'THE PARK' brand, the company has expanded its pan-India presence across multiple distinct brands.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q1 FY27 | Year-ago |
|---|---|---|
| Revenue from operations | ₹166.80 Cr | ₹154.30 Cr |
| Profit after tax | ₹11.50 Cr | ₹13.40 Cr |
Financial interpretation
What the reported numbers mean
Profit after tax represented 6.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue growth was driven by high operating metrics, including a 92% occupancy rate and upper-upscale RevPAR leadership.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Flurys now operates 111 outlets and targets 30 new outlet openings during the year to scale its retail footprint while preserving its brand equity.
Geography and market mix
The company's growth strategy continues to target expansion into new markets, particularly in Tier II and Tier III cities across India.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The company currently operates 42 hotels comprising 2,677 keys.
A further 45 hotels and 4,042 keys are under development, taking total planned inventory to 6,719 keys by FY2030.
07 · Strategy & new businesses
How the company is trying to change its growth mix
The company acquired control of Zillion Hotels and Resorts, Fisherman’s Grove Resorts, and Thali Hotels and Destinations to build out its presence in high-potential tourism destinations like Mumbai and Kerala.
08 · Reported developments
What changed operationally
Ran Baas The Palace, Patiala, and The Lotus Palace, Chettinad received recognition on the global stage.
09 · Key Q&A
The quarter, answered directly
What does Apeejay Surrendra Park Hotels do?
Apeejay Surrendra Park Hotels Limited (ASPHL) is a leading player in the Indian hospitality sector, renowned for its upscale properties, diverse food and beverage (F&B) offerings, and entertainment concepts.
What is the clearest takeaway from Q1 FY27?
Apeejay Surrendra Park Hotels Limited reported revenue from operations of INR 166.8 crore for the first quarter of fiscal year 2027, marking an increase of 8.1% compared to INR 154.3 crore in the corresponding quarter of the previous year.
What drove revenue or demand?
Revenue growth was driven by high operating metrics, including a 92% occupancy rate and upper-upscale RevPAR leadership.
What changed operationally beyond the headline numbers?
The company currently operates 42 hotels comprising 2,677 keys.
What should the next disclosure help confirm?
Monitor the opening trajectory of the 30 targeted new Flurys outlets across NCR and other regions.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Flurys expansion progress: Monitor the opening trajectory of the 30 targeted new Flurys outlets across NCR and other regions.
- 02
Inventory development milestones: Track progress on the 45 hotels and 4,042 keys under development toward the FY2030 target inventory.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.