Apeejay Surrendra Park Hotels Limited has made the audio recording of its first-quarter FY26 earnings conference call available to investors and analysts. The recording covers the discussion on financial results for the three months ended June 30, 2026.

The company hosted the conference call on August 17, 2026. Shalini Keshan, Company Secretary and Compliance Officer, confirmed that the audio file has been uploaded to the investor relations section of the corporate website.

Regulatory Disclosure

The release was issued pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was addressed to the Listing Manager at the National Stock Exchange of India Limited and the Corporate Relationship Department at BSE Limited.

Investors can access the recording directly via the company’s official investor relations portal.

Apeejay Surrendra Park Hotels issued a corrigendum to its newspaper advertisement relating to the un-audited (standalone and consolidated) financial results for the first quarter and three months ended June 30, 2026. The correction was filed pursuant to Regulation 47 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The original results advertisement was published in The Economic Times (English) and Ei Samay (Bangla) on Saturday, August 15, 2026. The company stated that the corrigendum will also be posted on its official website.

Shalini Keshan, Company Secretary and Compliance Officer of Apeejay Surrendra Park Hotels Limited, signed the communication addressed to the Listing Manager at the National Stock Exchange of India Limited and the Corporate Relationship Department at BSE Limited.

Operational Highlights

The hotel chain’s operational metrics remained robust during the quarter. Average room rates stood at ₹9,310, while revenue per available room (RevPAR) was ₹6,858. Food and beverage (F&B) contributed 43% of total revenue, consistent with recent quarters. The Flurys brand generated ₹200 crore in income, maintaining stability after a peak of ₹261 crore in Q3FY26.

What the Numbers Show

A significant divergence exists between operational efficiency and net profitability. While operational EBITDA margins contracted modestly by 137 basis points to 28.12%, the PAT margin fell sharply by 186 basis points. This gap indicates that non-operational factors, specifically the 60% rise in interest costs and increased depreciation, were the primary drivers of the profit decline rather than core business performance. The stable F&B revenue share of 43% suggests consistent guest spending patterns despite the broader margin pressure.

Strategic Developments

Management highlighted strong cash flow improvements from the sale of service apartments in its EM Bypass Kolkata project. Collections for the quarter stood at ₹213 crore, with full-year expectations of approximately ₹800 crore. The company has also implemented SAP S/4HANA Finance to enhance reporting capabilities. Looking ahead, Apeejay Surrendra Park Hotels plans to expand its portfolio to over 6,000 keys by FY30, focusing on asset-light managed properties and unlocking value from prime real estate holdings.