Waterways Leisure Tourism Limited has submitted a regulatory disclosure to BSE Limited and the National Stock Exchange of India Limited, informing both exchanges of an audio recording from its analyst and investor meet held on July 23, 2026. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Analyst Meet Details

The meeting focused on the company's unaudited financial results for the quarter ended June 30, 2026, covering both consolidated and standalone financials. The key details of the disclosure are outlined below:

Recording Availability

The audio recording of the analyst and investor discussion has been made available on the company's official website under the investor relations section. Stakeholders and investors can access the recording at the following link: https://www.cordeliacruises.com/investor-relation?tab=financialInfo .

The disclosure was signed and submitted by Ankit Satish Shah, Company Secretary and Compliance Officer (ACS: 68732), on behalf of Waterways Leisure Tourism Limited (formerly Waterways Leisure Tourism Private Limited). The company is registered with CIN No. U63030MH2020PLC440323 and is headquartered at A-1601, Marathon Futurex, NM Joshi Marg, Lower Parel East, Delisle Road, Mumbai – 400013.

Waterways Leisure Tourism Limited reported a standalone net profit of ₹273.47 million for the quarter ended June 30, 2026, a decline from ₹373.09 million in the corresponding period of the previous year, despite a rise in revenue from operations. The company's revenue from operations stood at ₹1,901.12 million for Q1FY27, compared to ₹1,763.15 million in Q1FY26. Profitability metrics contracted primarily due to a 65.2% surge in fuel costs, which impacted margins during the quarter. The Board of Directors approved the unaudited standalone and consolidated financial results on July 22, 2026.

Financial Performance Overview

Total income for the quarter increased to ₹1,924.09 million, up from ₹1,773.45 million in the same period last year. Total expenses rose to ₹1,547.73 million. Profit before tax for the period was ₹376.36 million, while EBITDA was reported at ₹498.91 million, reflecting a decline from ₹580.91 million in the year-ago period. The EBITDA margin contracted to 26% from 33% year-on-year. The company's basic and diluted earnings per share (EPS) for the quarter were recorded at ₹3.49.

The following table summarises the standalone quarterly financial performance:

Operational Metrics

The company reported a load factor of 105% for the quarter, an increase of 5% compared to Q1FY26, indicating capacity optimization beyond base berths. The average ticket price rose by 4.3% year-on-year to ₹11,581. Gross ticket revenue reached ₹2,082.6 million, including GST. Available Passenger Cruise Days (APCD) were recorded at 144,872, with Passenger Cruise Days (PCD) at 152,397.

Cost Analysis

Operating expenses increased significantly, driven by global fuel price escalation due to geopolitical tensions. Fuel cost per APCD surged to ₹2,489 from ₹1,507 in the prior year. Crew-related costs per APCD increased by 17% to ₹1,040, following planned salary revisions aligned with international maritime standards. Shipboard cost of sales per PCD and port charges per PCD also rose by 6.9% and 4.3%, respectively, due to inflationary impacts.

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹227.73 million for Q1FY27, compared to ₹347.68 million in the year-ago period, with total income of ₹1,916.15 million. The consolidated revenue from operations matched the standalone figure at ₹1,901.12 million. The board noted that comparative figures for the quarter ended June 30, 2025, are extracted from the restated consolidated financial information prepared for the Initial Public Offer (IPO).

Corporate Actions

Subsequent to the quarter end, the Board approved the sub-division of existing equity shares of face value ₹10 each into 10 equity shares of ₹1 each, subject to shareholder approval. The company also disclosed that it had granted an unsecured loan of ₹472.95 million to a wholly-owned subsidiary and advanced lease rentals of USD 6 million to a step-down subsidiary for the upcoming vessel "SUN". The statutory auditors, M/s. S N Dhawan & CO LLP, issued a Limited Review Report on the financial results.