Apeejay Surrendra Park Hotels (ASPHL) announced its best-ever Q3, with consolidated revenues exceeding ₹200 crore for the first time. The company reported industry-leading occupancy and RevPAR in the upper-upscale segment. The sale of serviced residences at E M Bypass, Kolkata, is projected to add ₹300-₹350 crore in cash flow over the next three years.
Financial Highlights
Apeejay Surrendra Park Hotels (ASPHL) has achieved a record-breaking Q3, with consolidated revenues surpassing ₹200 crore. This marks the company’s best-ever performance for the third quarter. The company also saw high occupancy and RevPAR in the upper-upscale segment.
Key Operational Metrics
Key operational results for Q3 FY26 include:
- Operating Revenue:₹200 Cr, a 13% increase year-over-year.
- Operating EBITDA:₹71 Cr, up by 10% year-over-year, with an EBITDA margin of 35%.
- PBT*:₹43 Cr (*Before exceptional items).
- PAT:₹24 Cr.
For the nine months ended December 31, 2025, the company reported:
- Operating Revenue:₹524 Cr, a 15% increase year-over-year.
- Operating EBITDA:₹165 Cr, up by 13% year-over-year, with an EBITDA margin of 32%.
- PBT*:₹94 Cr (*Before exceptional items).
- PAT:₹54 Cr.
Strategic Developments
The company completed the acquisition of Malabar House at Fort Kochi and Purity at Vembanad Lake in December 2025. The launch and sale of serviced residences at EM Bypass Kolkata is slated for February 2026, projecting cash flow of ₹300 – 350 Cr over the next 3 years.
Expansion and Growth
ASPHL continues to focus on expansion, asset optimization and innovation to sustain double-digit growth. The Park Pune has increased its FSI from 2.50 lacs sqft to 6.72 lacs sqft.
Flurys Performance
Flurys recorded its highest single-day sale of ₹1 Cr on December 24th, achieving 19% growth in Q3.
Source: BSE
