Apeejay Park Hotels FY26 revenue rises to ₹707.28 crore

Apeejay Surrendra Park Hotels Limited reported a revenue of ₹707.28 crore for the financial year ended March 31, 2026, compared to ₹631.45 crore in the previous year. The company posted a profit after tax of ₹65.72 crore for FY26, a decrease 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 ₹223.74 crore for FY26, slightly lower than ₹230.32 crore in the prior year. Exceptional items for the year amounted to ₹3.87 crore, primarily related to the incremental impact of new Labour Codes notified by the Government of India.

Q4 Performance

For the quarter ended March 31, 2026, the company recorded a revenue of ₹1.84 billion against ₹1.77 billion in the same quarter of the prior year. However, net profit for Q4 declined to ₹119 million from ₹266 million year-on-year, reflecting margin pressure during the quarter. The following table summarises key Q4 metrics on a year-on-year basis:

Metric	Q4 FY26	Q4 FY25
Revenue	₹1.84B	₹1.77B
Net Profit	₹119M	₹266M
EBITDA	₹530M	₹611M
EBITDA Margin	28.80%	34.44%

Key Annual Financial Metrics

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

Metric	FY26 (₹ Cr)	FY25 (₹ Cr)
Revenue from Operations	707.28	631.45
Profit Before Tax	115.60	148.11
Profit After Tax	65.72	83.60
EBITDA	223.74	230.32
Total Assets	2,054.25	1,671.55

The statutory auditors issued an unmodified opinion on the audited standalone and consolidated financial results. The record date for determining the members entitled to receive the dividend will be intimated in due course.

Strategic Acquisitions

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.32%	-0.38%	+0.16%	-12.78%	-25.33%	-41.42%

Apeejay Surrendra Park Hotels Limited has published newspaper advertisements in Business Standard (English) and Ei Samay (Bangla) on May 15, 2026, confirming the completion of electronic dispatch of its postal ballot notice. The advertisements were issued in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and pursuant to the provisions of Sections 108 and 110 of the Companies Act, 2013. The postal ballot notice, dated March 26, 2026, was dispatched electronically on Thursday, May 14, 2026, to members whose email addresses are registered with Depository Participants, Depositories, or the Registrar & Share Transfer Agent as on the cut-off date. The notice is available on the company's website at www.theparkhotels.com , as well as on the websites of the National Stock Exchange of India Limited and BSE Limited.

Special Business Resolution

The primary agenda item is the appointment of Mr. Raveesh Kumar Bhatia (DIN: 11618896) as an Independent Director of the Company. The Board of Directors has recommended the appointment for a term of five consecutive years, effective from March 27, 2026, to March 26, 2031. Mr. Bhatia was initially appointed as an Additional Director by the Board and has submitted the necessary declarations confirming his independence and eligibility under the Companies Act, 2013, and SEBI Listing Regulations.

Director Profile

Mr. Raveesh Kumar Bhatia holds an MBA in Marketing & Finance from the Indian Institute of Management Ahmedabad and a bachelor's degree in Commerce from Panjab University. He brings over 36 years of experience, including significant tenures in senior client relationship management and revenue generation roles with leading Indian private sector and international banks. His expertise spans strategy, leadership, financial risk management, and governance.

Remote E-Voting Schedule

Shareholders registered as of the cut-off date, Friday, May 08, 2026, are eligible to participate in the voting process. The remote e-voting facility will be available during the following period:

Event:	Date and Time
Commencement of remote e-voting:	From 9.00 A.M. (IST) on Friday, May 15, 2026
End of remote e-voting:	Upto 5.00 P.M. (IST) on Saturday, June 13, 2026

The company has clarified that physical copies of the postal ballot notice and forms are not being dispatched. Members must cast their votes through the remote e-voting system facilitated by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), and votes once cast cannot be modified.

Voting Results and Compliance

The results of the postal ballot will be announced within two working days from the close of remote e-voting. Mr. Harish Chawla (Membership No.: 9002; CP No.: 15492), Partner, CL & Associates, Company Secretaries, has been appointed as the Scrutinizer to oversee the process, with Mr. Abhishek Lamba (Membership No.: 10488; CP No.: 13754), Partner, CL & Associates, as the alternate. The resolution, if passed, will be deemed to have been approved at a general meeting held on the date of the end of the remote e-voting facility, June 13, 2026. The filing was signed by Shalini Keshan, Company Secretary and Compliance Officer (Membership No.: ACS-014897), on behalf of Apeejay Surrendra Park Hotels Limited.