Viceroy Hotels Q1 Results: Net Profit Turns Positive; EBITDA Margin Expands to 25.61%
Viceroy Hotels reported a net profit of ₹115.37 lakh in Q1FY27, reversing a loss of ₹302.30 lakh in Q1FY26, with revenue rising 29% to ₹3,273.92 lakh. EBITDA grew to ₹115 million from ₹37 million YoY, with margin expanding to 25.61% from 14.78%. The Board approved a rights issue to raise up to ₹1,070 crore to meet the 25% minimum public shareholding requirement.

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Viceroy Hotels reported a standalone net profit of ₹115.37 lakh for the quarter ended June 30, 2026, marking a turnaround from the net loss of ₹302.30 lakh recorded in the same period last year. Revenue from operations rose 29% year-on-year to ₹3,273.92 lakh, driven by increased occupancy and operational efficiency in its hoteliering segment. Adding to the positive momentum, the company's EBITDA stood at ₹115 million versus ₹37 million in the year-ago period, with EBITDA margin expanding significantly to 25.61% from 14.78%. The Board of Directors, meeting on July 31, 2026, also approved a significant capital raise through a rights issue to address regulatory compliance gaps regarding public shareholding.
The financial results were reviewed by statutory auditors MSKC & Associates LLP under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board also scheduled the company's 61st Annual General Meeting for September 10, 2026, and appointed M/s. S.S. Reddy & Associates as the scrutiniser. Consolidated results showed a net profit of ₹144.86 lakh, compared to a loss of ₹302.30 lakh in Q1FY26, with consolidated revenue reaching ₹4,490.19 lakh.
Financial Performance
The company's standalone revenue from operations grew to ₹3,273.92 lakh in Q1FY27, up from ₹2,536.95 lakh in Q1FY26. Total income stood at ₹3,593.00 lakh, including other income of ₹319.08 lakh. Total expenses were ₹3,483.43 lakh, with employee benefits accounting for ₹663.16 lakh and finance costs at ₹436.60 lakh. Profit before tax improved to ₹109.57 lakh from ₹38.01 lakh in the prior year quarter. Deferred tax income of ₹5.80 lakh contributed to the final net profit figure.
| Particulars: | Q1FY27 | Q1FY26 | Change |
|---|---|---|---|
| Revenue from Operations: | ₹3,273.92 lakh | ₹2,536.95 lakh | +29% |
| EBITDA: | ₹115 million | ₹37 million | +211% |
| EBITDA Margin: | 25.61% | 14.78% | +683 bps |
| Profit Before Tax: | ₹109.57 lakh | ₹38.01 lakh | +188% |
| Net Profit: | ₹115.37 lakh | ₹(302.30) lakh | Turnaround |
| EPS (Basic): | ₹0.17 | ₹(0.45) | Positive |
Consolidated revenue reached ₹4,490.19 lakh, a significant increase from ₹2,536.95 lakh in Q1FY26, although consolidated results for Q1FY26 do not include the subsidiary SLN Terminus Hotels & Resorts Private Limited, making direct comparisons less straightforward. Consolidated profit before tax was ₹137.68 lakh.
Rights Issue for MPS Compliance
A key strategic development is the Board's approval on June 29, 2026, to raise funds through a rights issue. The move aims to meet the Minimum Public Shareholding (MPS) requirement of 25% mandated under Rule 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of the SEBI LODR Regulations, 2015. Currently, the company's public shareholding stands at 15.89%, while promoter holding is 84.11%. The proposed rights issue seeks to raise up to ₹1,070 crore (Rs. 10,700 lakhs) from existing equity shareholders.
What the Numbers Show
The shift from a net loss to a net profit, combined with a sharp expansion in EBITDA margin to 25.61% from 14.78%, indicates improved operational leverage and stronger core business performance. However, finance costs jumped to ₹436.60 lakh from ₹100.56 lakh in Q1FY26, suggesting higher debt servicing costs or new borrowings, possibly linked to expansion or refinancing. The growth in other income (₹319.08 lakh vs ₹108.36 lakh) also provided a buffer, highlighting that non-operating items continue to play a material role in the bottom line.
Historical Stock Returns for Viceroy Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.35% | +3.39% | +4.40% | +1.74% | +30.08% | +4,470.71% |
How will the proposed ₹1,070 crore rights issue impact existing shareholder equity and what is the timeline for completing the MPS compliance?
Given the 334% surge in finance costs to ₹436.60 lakh, is the company planning to refinance existing debt or has it taken on new leverage for expansion?
To what extent did the consolidation of SLN Terminus Hotels & Resorts contribute to the reported revenue growth, and how sustainable are the standalone operational margins?


































