Apeejay Surrendra Park Hotels Q1 FY27 Revenue Rises 8.1 Percent to Rs 166.8 Crore

Apeejay Surrendra Park Hotels Limited (ASPHL) reported an 8.1 percent year-on-year increase in revenue from operations to Rs 166.8 crore in Q1 FY27, as higher hotel occupancy and expansion across new markets supported its performance during the quarter ended June 30, 2026.

EBITDA increased 3.3 percent to Rs 47 crore from Rs 45.5 crore in Q1 FY26. Profit after tax, however, declined to Rs 11.5 crore from Rs 13.4 crore in the year-ago quarter. Revenue from operations stood at Rs 154.3 crore in Q1 FY26. The hotel operator reported 92 percent occupancy during the quarter and said it maintained its leadership in RevPAR in the upper-upscale segment. The company is also expanding beyond major markets, with a focus on Tier II and Tier III cities.

As part of this strategy, ASPHL acquired control of Zillion Hotels and Resorts Private Limited, Fisherman’s Grove Resorts Private Limited and Thali Hotels and Destinations Private Limited. The acquisitions are expected to expand its presence in markets including Mumbai and Kerala.

ASPHL currently operates 42 hotels with 2,677 keys, while its development pipeline includes 45 hotels with 4,042 keys. The company expects its total planned inventory to reach 6,719 keys by FY2030.

Its retail and food and beverage operations are also being expanded through Flurys. The bakery and confectionery brand currently has 111 outlets and is targeting 30 additional openings during the current year, including expansion across the NCR and other markets.

Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said, “We have started FY27 with a positive momentum, demonstrating the resilience and strength of our business model. Despite headwinds, we have achieved 92 per cent occupancy -the highest in India and continued our leadership in RevPAR in the upper upscale segment, affirming the strength of our brands and the relevance of our differentiated hospitality proposition. This quarter has seen record-breaking sale of service apartments in our EM Bypass Kolkata project, significantly improving our cash flows. With a strong development pipeline of hotels and the continued scale-up of Flurys across NCR and other regions, we remain firmly on a path of sustained growth ahead.”

The company also said sales of service apartments at its EM Bypass Kolkata project improved cash flows during the quarter. Its expansion plans remain focused on increasing hotel inventory, entering new markets and growing its retail operations.

ASPHL's portfolio includes Ran Baas The Palace, Patiala, and The Lotus Palace, Chettinad, which the company said have received international recognition. With 45 hotels and 4,042 keys under development, the group is continuing to scale its presence across India's hospitality and tourism markets.