₹105.83 Cr rights issue strengthens the balance sheet; net worth rises to ₹375.90 Cr, debt-to-equity improves to 0.70x

Hyderabad: Viceroy Hotels Limited (NSE – VHLTD | BSE – 523796), owner of three Marriott-branded hospitality properties in Hyderabad, has announced its Unaudited Financial Results for the quarter and half year ended September 30, 2026.

H1 FY27 at a Glance

  • H1 Total Income: ₹93.99 Cr, up 61% YoY
  • H1 EBITDA: ₹24.68 Cr, up 81% YoY
  • H1 Profit After Tax: 2.7x – ₹3.68 Cr vs ₹1.36 Cr
  • Net Worth: ₹375.90 Cr – Debt-to-equity 0.70x

Key Financial Highlights – Q2 & H1 FY27 (Consolidated)

Q2 FY27 vs Q2 FY26 (₹ Cr)

  • Total Income: ₹48.79 Cr vs ₹31.86 Cr; Y-o-Y: 53.1%
  • EBITDA: ₹12.89 Cr vs ₹8.82 Cr; Y-o-Y: 46.1%
  • EBITDA Margin: 26.74% vs 28.64%; Y-o-Y: -190 bps
  • PAT: ₹2.23 Cr vs ₹4.38 Cr; Y-o-Y: -49.1%
  • PAT Margin: 4.63% vs 14.23%; Y-o-Y: -960 bps

H1 FY27 vs H1 FY26 (₹ Cr)

  • Total Income: ₹93.99 Cr vs ₹58.31 Cr; Y-o-Y: 61.2%
  • EBITDA: ₹24.68 Cr vs ₹13.64 Cr; Y-o-Y: 80.9%
  • EBITDA Margin: 26.50% vs 24.29%; Y-o-Y: +221 bps
  • PAT: ₹3.68 Cr vs ₹1.36 Cr; Y-o-Y: 170.7%
  • PAT Margin: 3.95% vs 2.42%; Y-o-Y: +153 bps

Note: Consolidated figures include Marriott Executive Apartments (SLN Terminus Hotels & Resorts Pvt. Ltd.), a wholly owned subsidiary w.e.f. December 29, 2025; Q2 FY26 and H1 FY26 figures do not include it. EBITDA includes other income; margins are computed on revenue from operations.

Spotlight · Marriott Hyderabad: Hyderabad’s Next Big Convention Destination

1 Dec 2026 – Upgraded 10,000 sq ft banquet space reopens

1 Jan 2027 – Brand-new 10,000 sq ft banquet hall opens

20,000 sq ft of event space, right next to 463 rooms at Marriott and Courtyard – built for conferences, MICE and grand weddings. Full banquet revenue expected from Q4 FY27.

Key Business Highlights – H1 FY27

Half the year, half the job done: H1 FY27 EBITDA of ₹24.68 Cr is already 55% of full-year FY26 EBITDA; H1 Total Income of ₹93.99 Cr is 63% of FY26 Total Income.

Momentum quarter on quarter: In Q2 FY27, consolidated Total Income grew 8.0%, EBITDA 9.3% and PAT 54.0% over Q1 FY27.

Hotels growing at 21%: Standalone revenue from operations (Marriott Hyderabad and Courtyard by Marriott Hyderabad) grew 20.7% YoY to ₹67.81 Cr in H1 FY27.

₹105.83 Cr rights issue completed: 92,03,008 equity shares allotted on September 15, 2026 at ₹115 per share (incl. ₹105 premium), for debt repayment and general corporate purposes.

A stronger balance sheet: As of Sept 30, 2026: net worth ₹375.90 Cr (from ₹266.80 Cr on Mar 31, 2026); cash and current investments ₹125.55 Cr; debt-to-equity 0.70x (from 0.99x).

Executive Apartments fully integrated: Following a Novation Agreement executed on September 29, 2026, Marriott Executive Apartments operates in the name of Viceroy Hotels Limited from October 1, 2026.

Commenting on the financial performance Mr. Ravinder Reddy Kondareddy Managing Director & CEO, Viceroy Hotels Limited said: “H1 FY27 has been a strong half for Viceroy Hotels. Consolidated total income grew 61%, EBITDA grew 81% and profit after tax rose 2.7 times over H1 FY26, while EBITDA margin expanded 286 basis points. Revenue from our two Hyderabad hotels grew 21% in the half.

The completion of our rights issue in September has strengthened the balance sheet and gives us the flexibility to fund our next phase of growth.

Demand in Hyderabad from corporate travel, MICE and weddings continues to be healthy, and the second half is traditionally the busier season for city hotels. The upgraded convention centre and rooms at Marriott Hyderabad, along with our greenfield Courtyard by Marriott at Madhapur, will add to our ability to serve this demand. We look ahead with confidence.”