Apeejay Surrendra Park Hotels Ltd. · NSE:PARKHOTELS
Apeejay Surrendra Park Hotels — Q3 FY26 Earnings Presentation
35 slides from Apeejay Surrendra Park Hotels's earnings presentation, Feb 5, 2026
Slide 1: Exchange intimation letter: Investor Presentation Q3 FY26
Date: February 05, 2026 Listing Manager, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor Plot 1st Floor, New Trading Ring Rotunda Building, No. C-1, Block G, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E) Mum
Slide 2: Q3 & 9M FY26 Investor Presentation
RAN BAAS THE PALACE, PATIALA Apeejay Surrendra Park Hotels Limited Q3 & 9M FY26 Investor Presentation February 05, 2026
Slide 3: Table of Content
RAN BAAS, THE PALACE TABLE OF CONTENT Q3 & 9M FY26 Results Overview 03 Performance of Flurys 18 Management Comment 07 Consolidated P&L 19 Leadership in market segment 12 Development Update 20 Operational performance 15 Awards and Accolades 30 F&B performance 17 22
Slide 4: Q3 & 9M FY26 Highlights & Results
THE LOTUS PALACE, CHETTINAD Q3 & 9M FY26 HIGHLIGHTS & RESULTS 3
Slide 5: Q3 Stable & Strong
Q3 STABLE & STRONG BEST-EVER AND FIRST EVER Q3 AT 200 Cr. INDIA’S HIGHEST OCCUPANCY AND RevPAR IN THE UPPER-UPSCALE SEGMENT. ACQUISITION OF MALABAR HOUSE AT FORT KOCHI AND PURITY AT VEMBANAD LAKE COMPLETED IN DEC 2025 PROJECT LAUNCH & SALE OF SERVICED RESIDENCES AT E M BYPASS KOLKATA BEGINS FEBRUARY
Slide 6: Introducing The Park Unizen
Introducing Welcome to a new expression of iconic living. Along the city’s main artery. Seen by many. Chosen by few. The Park Unizen is an architectural thought, Guided by balance, by ease openness and calm. For those who understand living though the way a space feels.
Slide 7: The City's Power Axis
Slide 8: Management Comment
MANAGEMENT COMMENT Commenting on the Q3 & 9M FY26 performance Mr. Vijay Dewan, Managing Director said: “A new chapter begins this month with the project launch of THE Park UNIZEN serviced residences & THE Park at E M Bypass, Kolkata. This signature project is designed to shape the future of luxury l
Slide 9: Operating Results | Q3 FY 2025/26
OPERATING RESULTS | Q3 FY 2025/26 OPERATING OPERATING REVENUE EBIDTA THE HIGHEST EVER INDIA, HIGHEST ₹ 200 Cr Cr ₹ 71 Cr Q3 TOPLINE OCCUPANCY OF 13% OVER LY 10% OVER LY 13% YoY GROWTH 90% ROOM REV – F&B REV – OTHER REV OPERATING EBIDTA % ₹ 98 ₹ 88 ₹ 14 35% PBT* PAT ₹ 43 Cr ₹ 24 Cr ARR GROWTH OF 11%
Slide 10: Summary Q3 FY 2025/26
SUMMARY Q3 FY 2025/26 ₹ 202 Cr REVENUE 13% over last year ₹ 72 Cr EBIDTA 10% over last year ₹ 43 Cr PBT* -6% over last year ₹ 24 Cr PAT -25% over last year * Before exceptional items 9
Slide 11: Operating Results | 9M FY 2025/26
OPERATING RESULTS | 9M FY 2025/26 OPERATING OPERATING REVENUE EBIDTA ₹ 524 Cr Cr ₹ 165 Cr 15% OVER LY 13% OVER LY ROOM REV – F&B REV – OTHER REV OPERATING EBIDTA % ₹ 260 ₹ 228 ₹ 36 32% PBT* PAT ₹ 94 Cr ₹ 54 Cr -14% OVER LY -6% OVER LY Particulars 9M 25/26 9M 24/25 Var % % age of Occupancy * 92% 93%
Slide 12: Summary 9M FY 2025/26
SUMMARY 9M FY 2025/26 ₹ 529 Cr REVENUE 12% over last year ₹ 170 Cr EBIDTA 3% over last year ₹ 94 Cr PBT* -14% over last year ₹ 54 Cr PAT -6% over last year * Before exceptional items 11
Slide 13: Leadership in Occupancy Across Key Cities – 9M FY 2025/26
LEADERSHIP IN OCCUPANCY ACROSS KEY CITIES – 9M FY 2025/26 120% 100% 100% 96% 88% 89% 91% 91% 85% 83% 82% 76% 76% 76% 76% 79% 80% 72% 74% 67% 62% 60% 40% 20% 0% Delhi Chennai Kolkata Hyderabad Bengaluru Goa Navi Mumbai Vizag Indore Industry ASPHL Source: STR 12
Slide 14: RevPAR Outperformance Across Key Cities – 9M FY 2025/26
RevPAR OUTPERFORMANCE ACROSS KEY CITIES – 9M FY 2025/26 9000 8201 8259 8000 7507 7252 6832 7000 6347 6567 6561 6293 6000 5644 5678 5716 5327 5034 4897 5000 4444 4437 3865 4000 3000 2000 1000 0 New Delhi Chennai Kolkata Hyderabad Bengaluru Goa Navi Mumbai Vizag Indore Industry ASPHL Source: STR 13
Slide 15: ARR Outperformance Across Key Cities – 9M FY 2025/26
ARR OUTPERFORMANCE ACROSS KEY CITIES – 9M FY 2025/26 10000 9352 9000 8379 8266 8220 8234 8000 7689 7540 7443 7420 7329 7402 7236 7322 6922 6779 7000 6144 5856 6000 5424 5000 4000 3000 2000 1000 0 New Delhi Chennai Kolkata Hyderabad Bengaluru Goa Navi Mumbai Vizag Indore Industry ASPHL Source: STR 14
Slide 16: Key Operational Performance – Q3 & 9M FY26
KEY OPERATIONAL PERFORMANCE – Q3 & 9M FY26 In Rs. Cr. Revenue from Operations Operating EBITDA 200 524 40 454 36.3% 35.3% 32.2% 31.5% 165 146 EBIDTA 200 EBIDTA % ( ₹ Cr) 177 64 71 0 0 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Shift (%) YoY: 12.7% YoY: 15.3% Shift (%) YoY: 9
Slide 17: Operational Performance – Q3 & 9M FY26
OPERATIONAL PERFORMANCE – Q3 & 9M FY26 Occupancy (%) Average Room Rate (Rs.) 91% 90% 93% 92% 9,310 8,387 8,070 7,244 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Shift (%) YoY: 11.0% YoY: 11.4% RevPAR (Rs.) 8,347 7,658 7,396 6,720 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Shift (%) YoY:
Slide 18: F&B Segment
F&B SEGMENT F&B to Total Revenue (%)(1) 44% 44% 42% 43% Q3 FY25 Q3 FY26 9M FY25 9M FY26 Strong food & beverage performance providing stability to earnings. F&B revenue stood at Rs. 88 Cr. in Q3 FY26 Note 1: Includes Revenue from Flurys 17
Slide 19: Performance of Retail F&B Brand
PERFORMANCE OF RETAIL F&B BRAND Asset light business model provides with diversification, resiliency and scalability PLAN FOR Q4 FY 2025 - 26 2 in Hyderabad 100 104 2 in Mumbai 2 in Kolkata 14New 77 2 in Siliguri 69 50 59 51 1 in Kurseong 52 43 44 1 in Gangtok 32 38 10 13 25 27 29 1 in Indore 19 22
Slide 20: Consolidated P&L Statement & Net Debt Movement
CONSOLIDATED P&L STATEMENT & NET DEBT MOVEMENT Y-o-Y QoQ 9M 9M Y-o-Y Q3 FY26 Q3 FY25 Q2 FY26 Change (%) Change (%) FY26 FY25 Change (%) Operational Revenue 200 177 12.7% 167 19.5% 524 454 15.3% NET WORTH – 1,329.46 Cr Other Income 1 1 35.5% 1 24.2% 5 19 -73.9% Net DEBT / EQUITY – 0.11 Total Revenue
Slide 21: Development Update
THE LOTUS PALACE - CHETTINAD DEVELOPMENT UPDATE 20
Slide 22: Development Update - Hotels
OPERATIONAL DEVELOPMENT UPDATE - HOTELS EXISTING HOSPITALITY PORTFOLIO Hotel 39 2,537keys LEASED 13% KEYS 336 OWNED 1,115 MANAGED 1,086 KEYS LEASED 336 OWNED 44% New Delhi 2537 KEYS MANAGED 43% 1,115 UNDER DEVELOPMENT KEYS 42 3,782keys 1,086 Indore Kolkata Hotel Navi Mumbai Hyderabad FUTURE HOSPITAL
Slide 23: Development Update - Hotels
DEVELOPMENT UPDATE - HOTELS 17 HOTELS 672 KEYS 3,209 3,102 2,979 2,867 Bhopal – 50 Ayodhya - 57 2,771 Dehradun – 53 Dehradun – 51 TRANCOBAR - 7 MANALI – 24 GIM CORBETT - 65 GANGTOK – 30 VIZAG – 55 PATHANKOT - 35 MATHURA – 42 DARJEELING – 65 MASHOBRA – 24 KATRA – 40 KOCHI – 17 (Malabar) GOA – 9 2,537
Slide 24: E M Bypass Kolkata
E M BYPASS KOLKATA Picture for representation ⚫ No of Apartments - 69 ⚫ No of Hotel Rooms – 218 ⚫ Project is approved & all permissions are in place Commencement of construction of serviced Apartments & Hotel project – February 2026 Estimated Completion of Residential Project – Early 2030 Estimated
Slide 25: Upcoming - Pune
UPCOMING - PUNE Picture for representation ⚫ No of Rooms - 200 ⚫ FSI – 2.50 lac sqft ⚫ Increase in FSI - 6.72 lac sqft ⚫ Increased FSI to be reimagined and monetized ⚫ Architect, designer & consultants appointed ⚫ IOD submission in progress ⚫ Environmental Clearance application is in process. Estima
Slide 26: Upcoming - Vizag
UPCOMING - VIZAG Picture for representation ⚫ No of Rooms - 100 ⚫ VMC Sanction - Obtained ⚫ Environment Clearance – Obtained ⚫ Sub – Structure Tenders – Floated Project launch – Feb 2026 Estimated Completion of Hotel – Early 2029 3 years from commencement of construction. Yr 1 Yr 2 Yr 3 OCCUPANCY 75
Slide 27: Upcoming - Navi Mumbai
UPCOMING - NAVI MUMBAI Picture for representation ⚫ No of Rooms – 250 ⚫ Built-up Area – 3.80 lac sqft ⚫ Architect and Design consultant appointed Project launch - 2027 Project Completion – 2030 Yr 1 Yr 2 Yr 3 OCCUPANCY 75% 80% 90% ARR 10,500 11,550 12,705 TOPLINE (Rs Cr) 129 152 188 26
Slide 28: Mumbai
MUMBAI Acquisition completed for 76% of stake. Renovation & redesign of complete hotel. ⚫ No of Rooms - 85 ⚫ Area – 60,000 sqft ⚫ Architect & Designer Appointed ⚫ Design Work in Progress Project launch – April 2026 Project Completion – March 2027 27
Slide 29: Acquisition in Malabar
THE MALABAR HOUSE AT FORT KOCHI ACQUISITION IN MALABAR Agreement Completed December 2025. The Malabar House at Fort Kochi PURITY AT LAKE VEMBANAD • 17 Keys • Land in acres 0.49 • Built up in sq ft 8,832 Purity at Lake Vembanad • 14 Keys • Land in acres 1.14 • Built up in sq ft 22,292 DISCOVERY HOUSE
Slide 30: Acquisition in Goa
ACQUISITION IN GOA ASPHL entered into MOU to Lease: Casa San Antonio Goa • 100 years old restored Portuguese Villa • Located just a walk away from Anjuna Beach and Purple Martini • 09 Keys • 2 Villas of 2 Bedroom • 1 Villas of 5 Bedroom • Land in sq.m 1,856 • Built up in sq ft 6,031 Agreement – Febr
Slide 31: Awards & Accolades
RAN BAAS THE PALACE, PATIALA AWARDS & ACCOLADES 30
Slide 32: Awards & Accolades – Q3
AWARDS & ACCOLADES – Q3 THE Park Calangute Goa won the award for Best Beachfront Boutique hotel at Incredible Goa Awards | October 2025 Roxy, THE Park Kolkata was 86 Pillars, THE Lotus Palace Ran Baas, The Palace was Peace Bar, THE Park Calangute awarded Night Club of the Year Chettinad was awarded
Slide 33: About Us
About Us Apeejay Surrendra Park Hotels Limited (ASPHL) is a leading player in the hospitality sector renowned for its upscale properties and diverse F&B offerings. Since its For more information about us, please visit inception in 1967, with the opening of its first property in Kolkata under the www
Slide 34: Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apeejay Surrendra Park Hotels Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 35: Thank You
DUSK, THE PARK, NAVI MUMBAI Thank You
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