Apeejay Surrendra Park Hotels reports strong Q2 FY26 performance, strategic expansion

Apeejay Surrendra Park Hotels Limited (ASPHL) reported a strong Q2 FY26, achieving its best-ever Q2 in revenue and profit growth at the operating level. The company saw high-teen revenue growth and mid-teen EBITDA growth, with India's highest occupancy of 93%, 13% growth in ARR, and 12% growth in RevPAR. Consolidated Q2 FY26 revenue reached INR 167 Cr, with PBT at INR 28 Cr and PAT at INR 16 Cr.

Strategic expansion is underway with the acquisition of Zillion Hotels in Juhu, Mumbai, scheduled to open by end-2026. A new Kolkata project for a hotel and residences at EM Bypass received KMC approval, with groundbreaking planned for January 2026. The company also announced the acquisition of Malabar House Fort Kochi and Purity at Lake Vembanad, with launch planned for December 2025.

ASPHL's credit rating of A+ was retained by ICRA, with the outlook revised from stable to positive. The company's F&B segment, including the 'Flurys' brand, demonstrated strong performance, contributing to stability. New hotels are planned across key cities, including Pune and Vizag, with estimated completion in 2.5 to 3 years.