Apeejay Surrendra Park Hotels announced its Q3 results with a total income of ₹189.06 crores. The company also reported updates on recent acquisitions, including Zillion Hotels and Resorts and Fishermans Grove Resorts. Looking ahead, the group is pursuing further expansion through strategic acquisitions and aims to enhance its hospitality portfolio. The Board approved these results on February 4, 2026.
Financial Performance in Q3
Apeejay Surrendra Park Hotels reported a total income of ₹189.06 crores for the third quarter. Profit before tax stood at ₹41.97 crores. The company’s results reflect robust performance, primarily driven by hospitality segment. The financial results were formally approved during a Board meeting on February 4, 2026.
Strategic Acquisition of Zillion Hotels
The company has acquired control of Zillion Hotels and Resorts Private Limited, which owns a hotel in Juhu, Mumbai, for a total consideration of ₹224.76 crores. As of December 31, 2025, 76% of shareholding has been transferred with the remaining share to be transferred as per agreed terms. This acquisition is expected to strengthen Apeejay Surrendra Park Hotels’ presence in the Mumbai region.
Fishermans Grove Resorts Acquisition
Apeejay Surrendra Park Hotels has also acquired Fishermans Grove Resorts Private Limited, which owns a hotel property in Kerala, for a total consideration of ₹20.50 crores. This acquisition adds to the company’s portfolio and presence in key leisure destinations. A total of ₹16.30 crores have been paid and the balance will be paid within 10 months.
Expansion and Future Outlook
Apeejay Surrendra Park Hotels is focused on strategic expansions to enhance its market position. Future strategies include optimizing asset utilization and increasing operational efficiencies across its properties. The company aims to build upon its existing portfolio through targeted acquisitions and organic growth opportunities.
Source: BSE
