Integrated Filing — IndAS



General information about company

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 26-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 26-05-2026   18:45:00
End date and time of board meeting 26-05-2026   23:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 183.70 707.28
Other income 0.75 5.72
Total income 184.45 713.00
2 Expenses
(a) Cost of materials consumed 22.35 90.47
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.65 0.13
(d) Employee benefit expense 45.22 159.36
(e) Finance costs 8.71 29.89
(f) Depreciation, depletion and amortisation expense 19.24 74.38
(f) Other Expenses
1 Other Expenses 62.49 239.30
Total other expenses 62.49 239.30
Total expenses 158.66 593.53
3 Total profit before exceptional items and tax 25.79 119.47
4 Exceptional items (1.59) (3.87)
5 Total profit before tax 24.20 115.60
6 Tax expense
7 Current tax 6.24 23.76
8 Deferred tax 6.08 26.12
9 Total tax expenses 12.32 49.88
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 11.88 65.72
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 11.88 65.72
17 Other comprehensive income net of taxes 0.36 1.08
18 Total Comprehensive Income for the period 12.24 66.80
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 11.88 65.71
Total profit or loss, attributable to non-controlling interests 0.00 0.01
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 12.24 66.79
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.01
21 Details of equity share capital
Paid-up equity share capital 21.34 21.34
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 0.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.56 3.08
Diluted earnings (loss) per share from continuing operations 0.56 3.08
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 0.56 3.08
Diluted earnings (loss) per share from continuing and discontinued operations 0.56 3.08
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The Groups consolidated audited financial results for the quarter and year ended March 31 2026 have been prepared in accordance with 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 consolidated audited financial results of the Group for the quarter and year ended March 31 2026 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 May 26 2026 The Statutory Auditors have expressed an unmodified opinion on these consolidated audited financial results. 3 On September 26 2025 the Group acquired control of Zillion Hotels and Resorts Private Limited ZHRPL which owns a hotel property in Juhu Mumbai for a total consideration of INR 22476 crore 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 INR 20655 crore towards 90 percent of the shareholding and for the remaining 10 percent of the equity stake is agreed to be transferred at higher of INR 235 crore or 8 percent 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 percent will be discharged through repayment of identified liabilities of ZHRPL of INR 13096 crore and balance payable to the selling shareholders.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,524.64
Capital work-in-progress 80.36
Investment property 0.00
Goodwill 22.81
Other intangible assets 24.21
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0.02
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 39.72
Total of other non-current financial assets 39.72
Total non-current financial assets 39.74
Deferred tax assets (net) 20.40
Other non-current assets
1 Other non-current assets 25.56
Total of other non-current assets 25.56
Total non-current assets 1,737.72
2 Current assets
Inventories 114.03
Current financial asset
Current investments 77.19
Trade receivables, current 41.42
Cash and cash equivalents 23.81
Bank balance other than cash and cash equivalents 0.40
Loans, current 0.15
Other current financial assets
Total of other current financial assets 7.10
Total current financial assets 150.07
Current tax assets (net) 0.00
Other current assets
1 Other current assets 52.43
Total of other current assets 52.43
Total current assets 316.53
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 2,054.25
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 21.34
Other equity 1,320.98
Total equity attributable to owners of parent 1,342.32
Non controlling interest (0.20)
Total equity 1,342.12
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 202.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Other non-current financial liabilities 130.95
Total of other non-current financial liabilities 130.95
Total non-current financial liabilities 332.95
Provisions, non-current 16.16
Deferred tax liabilities (net) 103.05
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 2.14
Total of other non-current liabilities 2.14
Total non-current liabilities 454.30
Current liabilities
Current financial liabilities
Borrowings, current 55.29
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3.89
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 50.81
Total Trade payable 54.70
Other current financial liabilities
1 Other current financial liabilities 110.56
Total of other current financial liabilities 110.56
Total current financial liabilities 220.55
Other current liabilities 21.98
1 Other current liabilities 21.98
Total of other current liabilities 21.98
Provisions, current 10.60
Current tax liabilities (Net) 4.70
Deferred government grants, Current
Total current liabilities 257.83
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 712.13
Total equity and liabilites 2,054.25
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) The above acquisition meets the criterion of asset acquisition under Ind AS 103 Business Combinations Accordingly fair value of the total consideration amounting to INR 22476 crore has been allocated towards land and building on the basis of their relative fair values. 4 On December 22 2025 the Group acquired control of Fishermans Grove Resorts Private Limited FGRPL 100 percent stake and Thali Hotels and Destinations Private Limited Thali ASPHL directly holds 75 percent stake and balance through FGRPL which owns a hotel property in Kerala for a total consideration of INR 2050 crore net FV of acquisition The fair value of the consideration payable has been recognized as investment in subsidiaries with a corresponding liability on the date of acquisition. The above acquisition meets the criterion of asset acquisition under Ind AS 103 Business Combinations Accordingly fair value of the consideration amounting to INR 2050 crore has been allocated towards land building and plant and machinery on the basis of their relative fair values. 5 On December 16 2025 the Group 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 percent 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 THALI FGRPL SPA ie December 22 2025 The Group has not acquired control of CRPL as the CP conditions have not been met as of March 31 2026 and no payments have been made towards acquisition or lease rentals Accordingly no accounting for the aforesaid acquisition has been done in these audited consolidated financial results for the quarter and year ended March 31 2026.



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Hospitality 0.0018337 0.0070617
2 Others 0.0000033 0.0000111
Total Segment Revenue 183.70 707.28
Less: Inter segment revenue 0.00 0.00
Revenue from operations 183.70 707.28
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Hospitality 53.69 223.50
2 Others 0.05 0.24
Total Profit before tax 53.74 223.74
i. Finance cost 8.71 29.89
ii. Other Unallocable Expenditure net off Unallocable income 20.83 78.25
Profit before tax 24.20 115.60
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Hospitality 1,924.42 1,924.42
2 Others 1.44 1.44
Total Segment Asset 1,925.86 1,925.86
Un-allocable Assets 128.39 128.39
Net Segment Asset 2,054.25 2,054.25
4 Segment Liabilities
Segment Liabilities
1 Hospitality 342.57 342.57
2 Others 1.27 1.27
Total Segment Liabilities 343.84 343.84
Un-allocable Liabilities 368.31 368.31
Net Segment Liabilities 712.15 712.15
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) 6 On November 21 2025 the Government of India notified four Labour Codes namely Code on Wages 2019 Industrial Relations Code 2020 Code on Social Security 2020 and Occupational Safety Health and Working Conditions Code 2020 consolidating 29 existing labour laws The Ministry of Labour and Employment has published draft Central Rules and FAQs to facilitate assessment of financial impact due to changes in regulations The Group 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 non recurring in nature and is driven by regulatory changes the incremental impact of Rs 159 crore and Rs 299 crore has been disclosed under Exceptional Items in the consolidated financial results for the quarter ended March 31 2026 and for the year ended March 31 2026 respectively. The Group continues to monitor the finalisation of Central and 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 or rules are notified 7 The Board of Directors of the Holding Company in their meeting held on May 26 2026 has proposed final dividend on equity shares for the year ended March 31 2026 at the rate of Rs 0.75 per share amounting to Rs 16.01 crore The said dividend will be placed for approval at the ensuing Annual General Meeting of the Group.



Other Comprehensive Income

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gain/(losses) on defined benefit obligations 0.58 1.33
Total Amount of items that will not be reclassified to profit and loss 0.58 1.33
2 Income tax relating to items that will not be reclassified to profit or loss 0.22 0.25
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 0.36 1.08



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 115.60
Adjustments for reconcile profit (loss)
Adjustments for finance costs 29.87
Adjustments for decrease (increase) in inventories (2.38)
Adjustments for decrease (increase) in trade receivables, current (3.87)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (12.56)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 3.39
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 74.38
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 9.83
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 1.75
Adjustments for share-based payments 2.09
Adjustments for fair value losses (gains) (1.32)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (0.66)
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 97.02
Net cash flows from (used in) operations 212.62
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 31.11
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 181.51
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.34
Purchase of property, plant and equipment 286.96
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.02
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 2.68
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (19.51)
Net cash flows from (used in) investing activities (303.47)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 259.52
Repayments of borrowings 81.07
Payments of lease liabilities 19.95
Dividends paid 10.67
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (32.75)
Net cash flows from (used in) financing activities 115.08
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (6.88)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (6.88)
Cash and cash equivalents cash flow statement at beginning of period 10.66
Cash and cash equivalents cash flow statement at end of period 3.78





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. S.R. Batliboi & Co. LLP Yes 31-07-2027