Apeejay Surrendra Park Hotels Announces Q4 FY26 Results, Hitting ₹700 Crore Revenue Milestone

Apeejay Surrendra Park Hotels Announces Q4 FY26 Results, Hitting ₹700 Crore Revenue Milestone​

Apeejay Surrendra Park Hotels Limited (ASPHL), a prominent player in the hospitality sector, announced its financial results for the fourth quarter (Q4) and the financial year ending March 31, 2026. The company reported robust performance, highlighted by revenue crossing the ₹700 crore milestone for the first time.

In Q4 FY26, the company's Revenue from Operations stood at ₹183.70 crore, compared to ₹177.32 crore in Q4 FY25. The overall financial year for FY26 saw revenue from operations reach ₹707.28 crore, with Profit After Tax (PAT) for the year reported at ₹65.72 crore.

Quarterly and Annual Financial Highlights​

ASPHL's operational metrics for the reported periods were as follows:


The group noted strong occupancy levels, recording 90% in Q4 FY26.

Expansion and Growth Drivers​

The company's growth strategy is strongly linked to its expansion into new markets, particularly in Tier II and Tier III cities. Throughout FY26, ASPHL acquired control of Zillion Hotels and Resorts Private Limited, Fisherman's Grove Resorts Private Limited, and Thali Hotels and Destinations Private Limited. These acquisitions are aimed at expanding the company's hospitality footprint in high-potential tourism destinations, specifically Mumbai and Kerala.

ASPHL continues to plan for significant expansion, remaining on track to more than double its room inventory to 6653 keys over the next five years.

Beyond its core hotel operations, the company also reported strong performance from its retail arm. Flurys, the brand's bakery and confectionery outlet, expanded to 110 outlets. Flurys delivered a substantial 29% Year-over-Year growth in revenue during FY26, indicating sustained traction across both new and existing stores.

Management Commentary​

During the Q4 FY26 performance review, Mr. Vijay Dewan, Managing Director of Apeejay Surrendra Park Hotels, highlighted that the revenue crossing the ₹700 crore milestone marked a significant year for the group. He noted that Q4 maintained resilient operating performance across the portfolio, solidifying the company's leadership position in occupancy and RevPAR.

Mr. Dewan added that the sale of serviced apartments at EM Bypas Kolkata significantly improved the year's cash flow, exceeding expectations. The Board approved a 75% dividend payout, which the company attributed to the strength of its balance sheet and continued growth momentum.

The group also received recognition for Ran Baas The Palace, Patiala, and The Lotus Palace, Chettinad on the global stage, reinforcing ASPHL's identity as a design-led, experience-driven hospitality group.

About Apeejay Surrendra Park Hotels Limited​

Apeejay Surrendra Park Hotels Limited (ASPHL) is a leading hospitality provider known for its upscale properties and diverse Food & Beverage (F&B) offerings. Established in 1967, the company operates a growing portfolio of owned, leased, and managed properties under five distinct brands: THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone. These brands operate in the upscale and upper mid-scale hospitality categories.

ASPHL's comprehensive portfolio includes F&B and entertainment venues, alongside its retail brand 'Flurys,' which maintains a broad network of kiosks, cafes, and restaurants. The company is listed on the BSE Ltd (Code: PARKHOTELS/544111) and the National Stock Exchange of India Ltd. (Symbol: PARKHOTELS).

PARKHOTELS Stock Price Movement​

On Wednesday, Apeejay Surrendra Park Hotels Limited shares slipped by 3.61% to settle at ₹119.23. The stock completed the day trading on a volume of 453,640 shares.