PARKHOTELS

Apeejay Surrendra Park Hotels share price & financials

Price
₹125.9
Market cap
₹2.5k Cr
Sector
Consumer Services
Calls analysed
7
Latest concall · Q1 FY27 · call held 17 Aug 2026

Apeejay Surrendra Park Hotels Limited Q1 FY27

Operating Revenue ₹167 cr +8%EBITDA ₹47 cr +3%EBITDA Margin 28.12% PAT ₹12 cr −14%

What went well

  • Operating revenue grew 8% year-on-year to ₹167 crores, demonstrating business model resilience.
  • Consolidated revenue increased 10% to ₹172 crores, with consolidated EBITDA up 8% to ₹52 crores.
  • Maintained India's leading occupancy position at 92% and leadership in RevPAR in the upper upscale segment.

What to watch

  • PAT declined 14% year-on-year to ₹12 crores, with a PAT margin of 7%, primarily due to higher finance costs and deferred tax provision.
  • Q1 FY27 faced headwinds from the West Asia crisis, near-flat air traffic growth, high energy costs, and supply chain disruptions.
Read the full call →

What Apeejay Surrendra Park Hotels Limited does

Apeejay Surrendra Park Hotels operates a pan-India hospitality platform built on owned, leased and managed hotel assets, earning primarily from room bookings and food & beverage sales. It runs four distinct hotel brands spanning luxury/upscale, boutique heritage and upper-midscale price points, and has recently entered the heritage palace-hotel segment. Alongside hotels, it operates a portfolio of restaurants, nightclubs and bars, and owns Flurys, a century-old café and confectionery brand it operates as a separate multi-format retail F&B network. The company is also developing a mixed hotel-and-serviced-apartment project on E M Bypass, Kolkata.

Segments

  • Rooms
  • F&B and entertainment
  • Others
Hotel portfolio
42 operating hotels with 2,677 keys
Geographic footprint
32 cities and union territories across India
Hotel brands
4 brands — THE Park Hotels, THE Park Collection, Zone by the Park, Zone Connect by the Park
Ownership structure of hotels
8 owned (1,115 keys), 27 managed (1,226 keys), 7 leased (336 keys)
F&B and entertainment outlets
100+ restaurants, nightclubs and bars across the hotel portfolio
Flurys café network
110 cafés, kiosks and tea rooms nationwide
Founded 1967 Company website

Guidance record · Q1 FY27

what the last two calls moved 35 tracked 2 delivered 15 missed 18 open
  • Net Debt to Equity Ratio delivered said Q3 FY26 Promised: 0.1 to 0.2 in our entire cycle of this growth Q1 FY27: Management reported a debt-to-equity ratio of 0.12, which is within the target range of 0.1 to 0.2.
  • Flurys Total Stores went quiet said Q3 FY25 Promised: 200 stores in 2027 Q1 FY27: Management provided a new long-term target of 400 outlets by 2030, but did not address the previous 200-store target or its 2028 timeline.
  • Total Key Count (5-Year Target) revised up said Q3 FY25 Promised: 5,048 keys Q1 FY27: Guidance slightly revised up to 6,719 keys over the next four years (from 6,635 keys guided in Q4 FY26).

All 35 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 8.4%, net profit down 15.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue142 177 177 154 167 +18%200 +13%184 +4%167 +8%
EBITDA43 64 62 45 49 +14%71 +11%53 −15%47 +4%
Net profit27 32 27 13 16 −41%24 −25%12 −56%11 −15%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −29.7% 1Y

₹100₹120₹140₹160Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 19 Nov 2025Q3 FY26 — 11 Feb 2026Q4 FY26 — 3 Jun 2026Q1 FY27 — 17 Aug 2026

1Y: ₹157.53 on 10 Sept 2025 → ₹110.77. High ₹160.9 (15 Sept 2025), low ₹96.44 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−1.0%
17 Aug
Q4 FY26
−1.1%
3 Jun
Q3 FY26
+0.4%
11 Feb
Q2 FY26
−0.6%
19 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 10.5% a year over 2 years, FY24 to FY26. Operating margin narrowed to 30.9%.

Year endingFY24FY25FY26
Revenue₹577 Cr₹631 Cr₹705 Cr
Operating profit₹190 Cr₹208 Cr₹218 Cr
Operating margin32.9%33.0%30.9%
Interest₹66 Cr₹21 Cr₹30 Cr
Depreciation₹51 Cr₹63 Cr₹74 Cr
Net profit₹68 Cr₹84 Cr₹65 Cr
Net margin11.8%13.3%9.2%
Cash from operations₹168 Cr₹158 Cr₹182 Cr
Free cash flow₹51 Cr₹10 Cr₹-105 Cr
ROCE13.0%12.0%9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹17 Cr₹17 Cr₹17 Cr₹21 Cr₹21 Cr₹21 Cr
Reserves₹519 Cr₹491 Cr₹538 Cr₹1.2k Cr₹1.3k Cr₹1.3k Cr
Borrowings₹616 Cr₹654 Cr₹617 Cr₹100 Cr₹306 Cr₹373 Cr
Other liabilities₹129 Cr₹113 Cr₹189 Cr₹178 Cr₹326 Cr₹339 Cr
Total liabilities₹1.3k Cr₹1.3k Cr₹1.4k Cr₹1.5k Cr₹1.9k Cr₹2.1k Cr
Fixed assets₹1.2k Cr₹1.1k Cr₹1.2k Cr₹1.2k Cr₹1.5k Cr₹1.6k Cr
Capital work in progress₹27 Cr₹29 Cr₹35 Cr₹57 Cr₹99 Cr₹80 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹45 Cr₹77 Cr
Other assets₹96 Cr₹104 Cr₹135 Cr₹201 Cr₹316 Cr₹325 Cr
Total assets₹1.3k Cr₹1.3k Cr₹1.4k Cr₹1.5k Cr₹1.9k Cr₹2.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.66 pp while DIIs trimmed −1.02 pp. The shareholder count grew 9% to 50,557.

Promoters
68.2%
FIIs
4.1%
DIIs
8.8%
Public
18.9%

Since Jun 2025

  • Public +1.66 pp
  • DIIs −1.02 pp
  • FIIs −0.72 pp

How it drifted, 10 quarters

Over this window the public went from 10.3% to 18.9% — +8.6 pp.

Mar '24Mar '25Jun '26

Ownership split by quarter, oldest first. Mar '24: Promoters 68.1%, FIIs 5.1%, DIIs 16.4%, Public 10.3%.Jun '24: Promoters 68.1%, FIIs 4.7%, DIIs 15.2%, Public 12.0%.Sep '24: Promoters 68.1%, FIIs 5.6%, DIIs 14.1%, Public 12.1%.Dec '24: Promoters 68.1%, FIIs 4.1%, DIIs 11.2%, Public 16.6%.Mar '25: Promoters 68.1%, FIIs 4.0%, DIIs 11.6%, Public 16.3%.Jun '25: Promoters 68.1%, FIIs 4.8%, DIIs 9.8%, Public 17.3%.Sep '25: Promoters 68.1%, FIIs 2.2%, DIIs 10.4%, Public 19.3%.Dec '25: Promoters 68.1%, FIIs 3.3%, DIIs 9.5%, Public 19.1%.Mar '26: Promoters 68.2%, FIIs 4.0%, DIIs 8.5%, Public 19.3%.Jun '26: Promoters 68.2%, FIIs 4.1%, DIIs 8.8%, Public 18.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Apeejay Surrendra Park Hotels Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Great Eastern Stores Private Limited 24.60%unchanged
Apeejay Surrendra Trust 14.06%unchanged
Apeejay Private Limited 7.22%unchanged
Apeejay House Private Limited 6.80%unchanged
Apeejay Agencies Private Limited 6.80%unchanged
Apeejay Engineering Private Limited 6.80%unchanged
Quant Mutual Fund - Quant Small Cap Fund Mutual fund4.97%unchanged
Habrok India Master Lp FPI fund2.68%unchanged
Bandhan Small Cap Fund Mutual fund2.21%+0.29 pp
Apeejay Surrendra Management Services Private Limited 1.87%unchanged
Procheta Consultants Private Limited 1.38%unchanged
360 One Special Opportunities Fund - Series 9 Mutual fund1.33%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Apeejay Surrendra Park Hotels Limited

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