Apeejay Surrendra Park Hotels Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, showcasing steady operational performance alongside strategic expansion initiatives. The Board of Directors approved these results on February 04, 2026, following comprehensive review by the Audit & Risk Management Committee.

Financial Performance Overview

The company delivered solid financial results across both standalone and consolidated operations for Q3FY26. The hospitality segment continues to drive the majority of revenue, reflecting the company's focused business approach.

Standalone Results

For the nine months ended December 31, 2025, standalone revenue from operations reached Rs. 497.16 crores compared to Rs. 438.23 crores in the corresponding period of the previous year, marking a growth of 13.44%. Net profit for the nine-month period stood at Rs. 57.25 crores.

Consolidated Performance

The consolidated nine-month revenue from operations increased to Rs. 523.58 crores from Rs. 454.13 crores in the previous year, representing growth of 15.29%.

Strategic Acquisitions and Expansion

The company executed significant acquisition transactions during the reporting period, strengthening its hospitality portfolio across key markets.

Mumbai Property Acquisition

The acquisition involves repayment of identified liabilities of Rs. 130.96 crores with the balance payable to selling shareholders. As of December 31, 2025, 76% of shareholding has been transferred, with the remainder to be completed per the share purchase agreement terms.

Kerala Properties Acquisition

The remaining consideration of Rs. 4.20 crores is scheduled for payment within 10 months of acquisition.

Operational Highlights

The company's operational metrics reflect the impact of both organic growth and recent acquisitions. Total expenses for the standalone operations in Q3FY26 were Rs. 120.28 crores compared to Rs. 109.67 crores in Q3FY25.

Key expense components for Q3FY26:

• Employee benefit expense: Rs. 37.02 crores
• Other expenses: Rs. 59.38 crores
• Food and beverages consumed: Rs. 23.93 crores
• Finance costs: Rs. 7.64 crores
• Depreciation and amortization: Rs. 17.77 crores

The company reported an exceptional item gain of Rs. 1.40 crores in Q3FY26, primarily related to the incremental impact of new Labour Codes notified by the Government of India on November 21, 2025.

Dividend Distribution

The Board of Directors had proposed a final dividend of Re. 0.50 per equity share for the year ended March 31, 2025, amounting to Rs. 10.67 crores. This dividend was approved at the Annual General Meeting held on September 26, 2025, and was paid during the current quarter.

Future Commitments

The company has entered into a share purchase agreement with Cochin Residency Private Limited for the acquisition of 100% stake in the company that owns the Malabar House hotel property in Kochi, Kerala. This acquisition is pending satisfaction of certain conditions precedent, with the property currently under a lease arrangement at Rs. 0.15 crore monthly rental from December 22, 2025.

Apeejay Surrendra Park Hotels Limited has appointed M/s. A. Mukhopadhyay & Co. as joint Internal Auditor for the financial year 2025-26, following board approval on February 04, 2026. The appointment was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Approval and Regulatory Compliance

The Board of Directors approved the appointment during their meeting held on February 04, 2026, based on the recommendation of the Audit & Risk Management Committee. The board meeting commenced at 06:00 P.M. (IST) and concluded at 09:00 P.M. (IST).

The disclosure was made in compliance with SEBI circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

About the Appointed Firm

M/s. A. Mukhopadhyay & Co., Chartered Accountants, brings significant experience to the role, having been founded in 1950. The firm specializes in multiple areas of professional services:

• Corporate taxation and statutory audits
• Internal audit services
• Corporate laws and business advisory
• Mergers and amalgamations
• GST and income tax matters
• Insolvency and bankruptcy proceedings
• Labour laws compliance
• SME advisory services
• FCRA advisory
• Audits of not-for-profit organizations

Corporate Communication

The appointment notification was signed by Shalini Keshan, Company Secretary and Compliance Officer (Membership No.: ACS-014897), and communicated to both the National Stock Exchange of India Limited and BSE Limited. The company trades on NSE under the symbol PARKHOTELS and on BSE with scrip code 544111, with ISIN number INE988S01028.

Apeejay Surrendra Park Hotels Limited operates from its registered office at 17 Park Street, Kolkata, West Bengal, and maintains its corporate identity number as L85110WB1987PLC222139.