Apeejay Surrendra Park Hotels Limited reported a revenue from operations of ₹707.28 crore for the financial year ended March 31, 2026, an increase of 12% from ₹631.45 crore in the previous year. The company posted a profit after tax of ₹65.72 crore for FY26, a decrease of 21.4% from ₹83.60 crore in FY25. The Board of Directors has recommended a final dividend of Re. 0.75 per equity share for the financial year 2025-26, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance

The consolidated financial results, audited by M/s S.R. Batliboi & Co. LLP, Statutory Auditors, show an EBITDA of ₹218 crore for FY26, a 4.6% increase from ₹208.4 crore in the prior year. EBITDA margins stood at 30.82%, down 218 basis points year-on-year. Exceptional items for the year amounted to ₹3.8 crore, primarily related to the incremental impact of new Labour Codes notified by the Government of India. The statutory auditors issued an unmodified opinion on the audited standalone and consolidated financial results.

Q4 Performance

For the quarter ended March 31, 2026, the company recorded a revenue of ₹183.70 crore against ₹177.32 crore in the same quarter of the prior year. Net profit for Q4 declined to ₹11.88 crore from ₹26.58 crore year-on-year, reflecting margin pressure during the quarter. The company achieved a strong occupancy of 90% in Q4 FY26. The following table summarises key Q4 metrics on a year-on-year basis:

Key Annual Financial Metrics

The full-year financial results reflect revenue growth alongside pressure on profitability, as summarised below:

Strategic Acquisitions and Outlook

During the year, the Group acquired control of Zillion Hotels and Resorts Private Limited for a total consideration of ₹224.76 crore and Fishermans Grove Resorts Private Limited and Thali Hotels and Destinations Private Limited for a total consideration of ₹20.50 crore. These acquisitions, classified as asset acquisitions under Ind AS 103, expand the company's hospitality footprint in Mumbai and Kerala. Additionally, the company entered into a share purchase agreement to acquire Cochin Residency Private Limited, though control had not been acquired as of March 31, 2026. The record date for determining the members entitled to receive the dividend will be intimated in due course.

Flurys, the company's iconic bakery and confectionery brand, delivered a 29% YoY growth in revenue during FY26 and now operates 110 outlets. Mr Vijay Dewan, Managing Director, stated that the company remains on track to more than double its room inventory to 6653 keys over the next five years.

Investor Conference Call

Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has submitted that the audio recording of the conference call held with investors and analysts on May 29, 2026, regarding the audited financial results for Q4 and FY26 has been uploaded to the company's website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE988S01028/0550cc77e1084b43.pdf

Apeejay Surrendra Park Hotels Limited has appointed M/s S S Kothari Mehta & Co. LLP and M/s. A. Mukhopadhyay & Co. as joint internal auditors for the financial year 2026-27. The Board of Directors approved the appointment at its meeting held on May 26, 2026, based on the recommendation of the Audit & Risk Management Committee. The decision ensures compliance with internal audit requirements for the upcoming fiscal year.

The joint internal auditors will serve the company for the financial year 2026-27. M/s S S Kothari Mehta & Co. LLP, established in 1971, is ranked 8th in India in terms of listed company audit according to NSE Prime. The firm offers services in assurance, risk and transaction advisory, and tax. M/s. A. Mukhopadhyay & Co., founded in 1950, specialises in corporate taxation, statutory and internal audits, and provides advisory services on corporate laws, GST, and insolvency matters.

Appointment Details

The Board meeting commenced at 06:45 P.M. (IST) and concluded at 11:00 P.M. (IST). The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on May 26, 2026.