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.

Waterways Leisure Tourism Limited has opened the remote e-voting period for shareholders to approve the sub-division of its equity shares in a 1:10 ratio. The voting facility is available from 9.00 a.m. on July 14, 2026, until 5.00 p.m. on August 12, 2026. The proposal aims to enhance liquidity and increase accessibility for retail investors by reducing the face value of each share from ₹10 to ₹1.

The Board of Directors approved the stock split on July 10, 2026. Consequently, Friday, July 10, 2026, has been fixed as the cut-off date to determine the eligibility of members to receive the notice and participate in the voting process. The company has dispensed with sending physical copies of the postal ballot notice and form, dispatching the notice electronically on July 13, 2026, to members with registered email addresses.

Waterways Leisure Tourism Limited has engaged M/s Link Intime India Private Limited as the Registrar and Share Transfer Agent to facilitate the remote e-voting process. The resolutions will be deemed passed if they receive the requisite majority by the end of the e-voting period. The results of the postal ballot will be announced within two working days of the conclusion of voting.

Share Capital Structure

The following table outlines the proposed changes to the company's share capital structure:

Key Corporate Details

The notice and explanatory statement are available on the company's website at cordeliacruises.com and the websites of the National Stock Exchange of India Limited and BSE Limited. Members who have not registered their email addresses are advised to do so with their depository participants to ensure they receive future communications.