Viceroy Hotels LimitedQ1 FY27 Results & Financial Update
Viceroy Hotels Limited: Q1 FY27 consolidated results and company financials – revenue ₹44.90 Cr, PAT ₹1.45 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Viceroy 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
Viceroy Hotels Limited reported consolidated total income of INR 45.19 crore for the quarter ended June 30, 2026, alongside revenue from operations of INR 44.90 crore.
The consolidated profit before tax for Q1 FY27 stood at INR 1.38 crore, while profit after tax reached INR 1.45 crore, delivering a basic and diluted EPS of INR 0.21.
The operational performance for the quarter was supported by robust hotel occupancy rates and active demand across Hyderabad's corporate and MICE corridors.
During the quarter, the company progressed with its multi-phase capital expenditure program, completing Phase I upgrades at Courtyard by Marriott and advancing Phase II execution at Marriott Hyderabad.
To comply with Minimum Public Shareholding (MPS) regulations requiring a 25% public float, the Board of Directors approved a rights issue of up to INR 107 crore to adjust the current promoter shareholding of 84.11% against the public holding of 15.89%.
Consolidated financial results for Q1 FY27 include the performance of its wholly owned subsidiary SLN Terminus Hotels & Resorts Private Limited, making direct comparison with Q1 FY25 numbers non-comparable as noted in the statutory disclosures.
01 · Business model
What does Viceroy Hotels do?
Viceroy Hotels Limited operates in the hospitality sector through its core hotel assets in Hyderabad, offering premium lodging, dining, and MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities.
The company's primary operational properties include Marriott Hyderabad and Courtyard by Marriott located near Hussain Sagar, alongside Marriott Executive Apartments situated in Gachibowli through its wholly owned subsidiary SLN Terminus Hotels & Resorts Private Limited.
Viceroy's asset portfolio encompasses multiple rooms, food and beverage outlets, convention spaces, and executive apartments, targeting business travelers, corporate long-stays, and upscale leisure guests in Hyderabad's commercial hubs.
02 · Historical context
What shaped the business before this quarter
The consolidated financial results for the quarter ended June 30, 2025 did not include the results of SLN Terminus Hotels & Resorts Private Limited, which became a wholly owned subsidiary subsequently.
The company previously structured an extensive three-phase property renovation and upgrade plan exceeding INR 100 crore across its Marriott Hyderabad and Courtyard by Marriott locations.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹44.90 Cr |
| Total income | ₹45.19 Cr |
| Profit before tax | ₹1.38 Cr |
| Profit after tax | ₹1.45 Cr |
| EPS | ₹0.21 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 3.2% 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.
Profit before tax was equivalent to 3.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.29 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
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
Combined hotel operations and Marriott Executive Apartments experienced steady upward momentum in rooms revenue driven by higher occupancy levels and improved average daily rates (ADR).
Food and beverage outlets across the properties continued to generate substantial secondary revenue streams supporting overall operational scale.
What drove margins
Consolidated EBITDA for Q1 FY27 reached INR 11.79 crore, reflecting an EBITDA margin of approximately 26.1% on total income.
Total consolidated expenditures for the quarter were maintained at INR 43.82 crore, balancing employee benefit expenses, material consumption, and other operating overheads.
05 · Demand, customers & order book
Where demand is coming from
The properties benefited from sustained corporate travel, global capability centers (GCCs) expansion in Hyderabad, and robust convention center bookings.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates entirely within a single reportable segment, namely 'Hoteliering', encompassing hotel stays, banquet services, and executive apartments.
Geography and market mix
All operational hospitality assets are strategically clustered in prime Hyderabad business and leisure corridors including Banjara Hills, Hussain Sagar, and Gachibowli.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The portfolio comprises operational hotel rooms and executive apartments alongside upcoming rooms under development across its properties.
Projects, capex and execution
Phase I renovations encompassing guest rooms, spa, gym, and rooftop bar at Courtyard by Marriott were completed, while Phase II upgrades for Marriott Hyderabad's convention center and rooms advanced with expected completion within FY27.
08 · Strategy & new businesses
How the company is trying to change its growth mix
The Board approved a rights issue of up to INR 107 crore to expand public shareholding from 15.89% to comply with regulatory 25% MPS requirements.
09 · Reported developments
What changed operationally
The company reported positive consolidated profit after tax of INR 1.45 crore for the quarter.
Successful completion of Phase I renovations at Courtyard by Marriott enhanced asset quality and customer offerings.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Consolidated finance costs for Q1 FY27 were reported at INR 5.45 crore.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Rights Issue Approval
The Board of Directors approved a rights issue of up to INR 107 crore to existing equity shareholders to meet regulatory Minimum Public Shareholding norms.
12 · Previous-quarter changes
What changed since the previous quarter
Total income moved from INR 49.53 crore in Q4 FY26 to INR 45.19 crore in Q1 FY27 on a consolidated basis.
13 · Key Q&A
The quarter, answered directly
What does Viceroy Hotels do?
Viceroy Hotels Limited operates in the hospitality sector through its core hotel assets in Hyderabad, offering premium lodging, dining, and MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities.
What is the clearest takeaway from Q1 FY27?
Viceroy Hotels Limited reported consolidated total income of INR 45.19 crore for the quarter ended June 30, 2026, alongside revenue from operations of INR 44.90 crore.
What drove revenue or demand?
Combined hotel operations and Marriott Executive Apartments experienced steady upward momentum in rooms revenue driven by higher occupancy levels and improved average daily rates (ADR).
What mattered most for margins or profitability?
Consolidated EBITDA for Q1 FY27 reached INR 11.79 crore, reflecting an EBITDA margin of approximately 26.1% on total income.
What changed operationally beyond the headline numbers?
The portfolio comprises operational hotel rooms and executive apartments alongside upcoming rooms under development across its properties.
What should the next disclosure help confirm?
Monitor the progress and timeline of the proposed INR 107 crore rights issue aimed at meeting minimum public shareholding requirements.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Profit change vs base₹0 cr (0%)
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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.
15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Rights Issue Execution: Monitor the progress and timeline of the proposed INR 107 crore rights issue aimed at meeting minimum public shareholding requirements.
- 02
Capex Progress: Track the execution and completion milestones of Phase II renovation works at Marriott Hyderabad during FY27.
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.