| Scrip Code | 544111 |
|---|---|
| NSE Symbol | PARKHOTELS |
| MSEI Symbol | NOTLISTED |
| ISIN | INE988S01028 |
| Name of company | Apeejay Surrendra Park Hotels Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 04-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 29-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Hospitality |
| Start date and time of board meeting | 04-02-2026 18:00:00 |
| End date and time of board meeting | 04-02-2026 21:00:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 18,761.00 | 49,716.00 | |
| Other income | 145.00 | 614.00 | |
| Total income | 18,906.00 | 50,330.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 2,393.00 | 6,536.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (5.00) | (52.00) |
| (d) | Employee benefit expense | 3,702.00 | 10,925.00 |
| (e) | Finance costs | 764.00 | 1,890.00 |
| (f) | Depreciation, depletion and amortisation expense | 1,777.00 | 5,075.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 5,938.00 | 16,352.00 |
| Total other expenses | 5,938.00 | 16,352.00 | |
| Total expenses | 14,569.00 | 40,726.00 | |
| 3 | Total profit before exceptional items and tax | 4,337.00 | 9,604.00 |
| 4 | Exceptional items | (140.00) | (140.00) |
| 5 | Total profit before tax | 4,197.00 | 9,464.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 759.00 | 1,674.00 |
| 8 | Deferred tax | 971.00 | 2,065.00 |
| 9 | Total tax expenses | 1,730.00 | 3,739.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 2,467.00 | 5,725.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 2,467.00 | 5,725.00 |
| 17 | Other comprehensive income net of taxes | (87.00) | 61.00 |
| 18 | Total Comprehensive Income for the period | 2,380.00 | 5,786.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 2,134.00 | 2,134.00 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 1.16 | 2.68 | |
| Diluted earnings (loss) per share from continuing operations | 1.16 | 2.68 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 1.16 | 2.68 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 1.16 | 2.68 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1 The Companys unaudited standalone financial results for the quarter and nine months ended December 31 2025 have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Ind AS 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act 2013 as amended read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. 2 The above unaudited standalone financial results of the Company for the quarter and nine months ended December 31 2025 have been reviewed and recommended by the Audit and Risk Management Committee and approved by the Board of Directors in their respective meetings held on February 04 2026 The Statutory auditors have expressed an unmodified conclusion on these unaudited standalone financial results. 3 The Company is primarily engaged in business of owning operating and managing hotels Hospitality segment The Board of directors which has been identified as the Chief operating decision maker CODM reviews the performance of the Company as a single operating segment in accordance with Ind AS108 Operating Segments ie the Hospitality segment notified pursuant to the Companies Indian Accounting Standard Rules 2015 Accordingly no separate segment information has been furnished herewith. 4 During the previous quarters pursuant to the approval of the Board of Directors the Company has converted its existing unsecured loan of Rs 7047 crores given to its whollyowned subsidiary Apeejay NorthWest Hotels Private Limited ANWHPL into Optionally Convertible Redeemable Preference Shares OCRPS issued by ANWHPL at a face value of Rs 10000 each These OCRPS carry a noncumulative discretionary dividend of 12 with a tenure of 10 years and convertible at face value which are convertible or redeemable at the option of ANWHPL These OCRPS are recognised as investment in equity instruments and are measured at cost in the books of account of the Company in accordance with Ind AS 27 Separate Financial Statements. During the previous quarter Company had granted a further loan of Rs 1260 crores which was approved for conversion into OCRPS on the same terms as above by the Board of Directors of the Company subsidiary in November 2025. The Company has made a further investment of Rs 820 crores during the quarter ended December 31 2025 into OCRPS on the same terms as above. |
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| Debt equity ratio | |
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| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | 5 On September 26 2025 the Company acquired control of Zillion Hotels and Resorts Private Limited ZHRPL which owns a hotel property in Juhu Mumbai for a total consideration of Rs 22476 crores FV of purchase consideration Pursuant to the SPA executed between Apeejay Surrendra Park Hotels Limited ASPHL as the Purchaser referred to as the Company and the shareholders of Zillion Hotels and Resorts Private Limited ZHRPL ASPHL would acquire equity stake in ZHRPL for consideration of Rs 20655 crores towards 90 of the shareholder and for the remaining 10 of the equity stake is agreed to be transferred at higher of Rs 2350 crores or 8 of fair market value which is expected to be concluded after one year from the commercial operation date As part of the transaction the purchase consideration towards 90 will be discharged through repayment of identified liabilities of ZHRPL of Rs 13096 crores and balance payable to the selling shareholders The fair value of the total consideration payable towards the acquisition of the aforesaid transaction amounts to Rs 22476 crores which has been recognized as investment in subsidiaries with a corresponding liability on the date of acquisition As of December 31 2025 76 of shareholding has been transferred and balance will be transferred as per the terms and conditions stipulated in the SPA. 6 On December 22 2025 the Company acquired control of Fishermans Grove Resorts Private Limited FGRPL 100 stake Thali Hotels and Destinations Private Limited Thali ASPHL directly holds 75 stake and balance through FGRPL which owns a hotel property in Kerala for a total consideration of Rs 2050 crores FV of purchase consideration The fair value of the consideration payable has been recognized as investment in subsidiaries with a corresponding liability on the date of acquisition Of this Rs 1630 crores has been paid and balance shall be paid within 10 months of the acquisition. 7 On December 16 2025 the Company entered into a share purchase agreement SPA with Cochin Residency Private Limited CRPL that owns a hotel property Malabar House in Kochi Kerala towards acquisition of 100 of stake in CRPL The said acquisition will take effect within 7 days of issuance of Conditions Precedent CP Satisfaction Certificate Till then the Malabar property will be on lease at a monthly rental of Rs 015 crore from the closing date of the THALIFGRPL SPA ie December 22 2025 The Company has not acquired control of CRPL as the CP conditions have not been met as of December 31 2025 and no payments have been made towards acquisition or lease rentals accordingly no accounting for the aforesaid acquisition has been done in these unaudited standalone financial results for the quarter and nine months ended December 31 2025. 8 On 21 November 2025 the Government of India notified four Labour CodesCode on Wages 2019 Industrial Relations Code 2020 Code on Social Security 2020 and Occupational Safety Health and Working Conditions Code 2020consolidating 29 existing labour laws The Ministry of Labour Employment has published draft Central Rules and FAQs to facilitate assessment of financial impact due to changes in regulations The Company has assessed and accounted for the incremental impact of these changes with the best information available and guidance from the Institute of Chartered Accountants of India considering the impact is nonrecurring in nature and is driven by regulatory changes the incremental impact of Rs 140 crore has been disclosed under Exceptional Items in the standalone financial results for the quarter and ninemonths ended 31 December 2025 The Company continues to monitor the finalisation of Central State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect as and when such clarifications are issued rules are notified. 9 The Board of Directors of the Company in their meeting held on May 26 2025 had proposed final dividend on equity shares for the year ended March 31 2025 at the rate of Re 050 per share amounting to Rs 1067 crores The said dividend was approved at the Annual General Meeting of the Company held on September 26 2025 The dividend has been paid in the current quarter. |
|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement losses on defined benefit obligations | (87.00) | 61.00 |
| Total Amount of items that will not be reclassified to profit and loss | (87.00) | 61.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (87.00) | 61.00 |