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PARKHOTELS Diversified 15 May 2026

Apeejay Surrendra Park Hotels Limited — Q4 FY26

Apeejay Surrendra Park Hotels reported Q4 FY26 consolidated revenue of ₹184 crore (+4% YoY) and EBITDA of ₹53 crore (margin 28.85%).

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Revenue ₹184 Cr +4%
EBITDA ₹53 Cr
PAT ₹12 Cr
EBITDA Margin 28.85%
Duration 70 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Geopolitical disruptions impacting travel

Middle East tensions caused significant cancellations in Delhi and Hyderabad, affecting Q4 ARR growth. Recovery is underway but remains uncertain.

high · management_commentary
R

Execution delays in expansion projects

Vishakapatnam hotel timeline pushed to early 2030 from early 2029 due to environmental clearance delays. Other projects may face similar risks.

medium · analyst_question
R

Flurries expansion model change risk

Flurries shifted from central kitchen to outsourced manufacturing, raising concerns about quality consistency and brand differentiation.

medium · analyst_question
R

High leverage from capex pipeline

Total capex requirement of ~₹1,500 crore over 5 years, partly funded by debt, could pressure interest costs if cash flows from apartment sales fall short.

medium · data_observation