Sterling Holiday Resorts Ltd., a wholly owned subsidiary of Thomas Cook (India) Limited, announced a record-breaking performance for the third quarter of the financial year 2026 (Q3 FY26). The company achieved its highest-ever quarterly Revenue, EBITDA, and Profit Before Tax (PBT). Sterling extended its streak to 24 consecutive profitable quarters, driven by strong YoY revenue growth of 10% and maintaining a robust EBITDA margin of 36%.
Sterling Reports Landmark Q3 FY26 Results
Sterling Holiday Resorts Ltd. has declared its Q3 FY26 results, marking a historic high for the company in terms of quarterly Revenue, EBITDA, and Profit Before Tax (PBT). This performance extends the company’s remarkable run to 24 consecutive profitable quarters, underscoring consistent growth and operational quality.
Key Financial and Operational Highlights
For the quarter ending December 31, 2025, Sterling posted a Total Revenue of ₹1,582 million, representing a substantial 10% year-on-year (YoY) growth. The company maintained an EBITDA margin of 36%, which is noted as being well above the industry average, reflecting superior operating efficiency.
Furthermore, the company highlights its strong financial foundation, continuing to maintain a debt-free balance sheet, while its cash reserves increased by 54% YoY. This robust financial position supports ongoing investment in the business.
Drivers of Sustained Momentum
The sustained success is attributed to several structural strengths:
- Portfolio Expansion: Sterling has doubled its resort count over the last three years, now operating a portfolio of 72 Resorts, Hotels & Retreats across 59 destinations.
- Rapid Ramp-Up: The company has shown capability in bringing new resorts to full operational speed within just one to two quarters, accelerating profitability contribution.
- Digital Advantage: The proprietary platform, Sterling ONE, continues to provide a significant distribution edge, particularly in Tier 2 & Tier 3 markets, driving improved direct bookings.
Focus on Guest Experience and Future Outlook
The commitment to product upgrades and service delivery is paying off, evidenced by an improvement in the company’s TripAdvisor rating, moving from 4.55 to 4.61. Recent reinvestments include enhancements to themed suites, specialty restaurants, and curated on-property experiences.
Mr. Vikram Lalvani, Managing Director & CEO, commented that the performance validates their strategy of inventory growth, yield enhancement, and maintaining a debt-free structure. He stated the company sees “strong visibility for sustained momentum in H2 FY26 and beyond”, capitalizing on India’s booming domestic travel trends.
Source: BSE
