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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
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 Single segment
Description of single segment Hospitality
Start date and time of board meeting 26-May-2025   16:00:00
End date and time of board meeting 26-May-2025   19:00:00
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
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-05-26
Indicate Company website link for updated RPT policy of the Company www.theparkhotels.com
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? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1671000000 6053300000
Other income 37800000 253400000
Total income 1708800000 6306700000
2 Expenses
(a) Cost of materials consumed 202300000 774400000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 6300000 -2300000
(d) Employee benefit expense 363900000 1377800000
(e) Finance costs 40100000 151100000
(f) Depreciation, depletion and amortisation expense 185600000 586400000
(f) Other Expenses
1 Other Expenses 511900000 1936800000
Total other expenses 511900000 1936800000
Total expenses 1310100000 4824200000
3 Total profit before exceptional items and tax 398700000 1482500000
4 Exceptional items 0 0
5 Total profit before tax 398700000 1482500000
6 Tax expense
7 Current tax 64100000 250200000
8 Deferred tax 60900000 383000000
9 Total tax expenses 125000000 633200000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 273700000 849300000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 273700000 849300000
17 Other comprehensive income net of taxes -10300000 -9500000
18 Total Comprehensive Income for the period 263400000 839800000
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 213400000 213400000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.28 3.98
Diluted earnings (loss) per share from continuing operations 1.28 3.98
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 1.28 3.98
Diluted earnings (loss) per share from continuing and discontinued operations 1.28 3.98
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 11447300000
Capital work-in-progress 537100000
Investment property 0
Goodwill 228100000
Other intangible assets 239000000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 500000
Trade receivables, non-current 0
Loans, non-current 767700000
Other non-current financial assets 361400000
Total non-current financial assets 1129600000
Deferred tax assets (net) 61400000
Other non-current assets 168300000
Total non-current assets 13810800000
2 Current assets
Inventories 1111000000
Current financial asset
Current investments 540700000
Trade receivables, current 355100000
Cash and cash equivalents 194000000
Bank balance other than cash and cash equivalents 6000000
Loans, current 1400000
Other current financial assets 100600000
Total current financial assets 1197800000
Current tax assets (net) 0
Other current assets 305100000
Total current assets 2613900000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 16424700000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 213400000
Other equity 12593100000
Total equity attributable to owners of parent 12806500000
Non controlling interest
Total equity 12806500000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 358900000
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 804600000
Total non-current financial liabilities 1163500000
Provisions, non-current 147400000
Deferred tax liabilities (net) 757900000
Deferred government grants, Non-current
Other non-current liabilities 28700000
Total non-current liabilities 2097500000
Current liabilities
Current financial liabilities
Borrowings, current 362500000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 35900000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 397900000
Total Trade payable 433800000
Other current financial liabilities 428300000
Total current financial liabilities 1224600000
Other current liabilities 209700000
Provisions, current 86400000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 1520700000
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 3618200000
Total equity and liabilites 16424700000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
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



Other Comprehensive Income
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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 gain/( losses ) on defined benefit obligations -14200000 -13600000
Total Amount of items that will not be reclassified to profit and loss -14200000 -13600000
2 Income tax relating to items that will not be reclassified to profit or loss -3900000 -4100000
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 0
5 Total Other comprehensive income -10300000 -9500000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1482500000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 149000000
Adjustments for decrease (increase) in inventories -76800000
Adjustments for decrease (increase) in trade receivables, current -29800000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -278300000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 35700000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 586400000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 41400000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 60300000
Adjustments for share-based payments 36400000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 223300000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 627000000
Net cash flows from (used in) operations 2109500000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 283600000
Other inflows (outflows) of cash -307800000
Net cash flows from (used in) operating activities 1518100000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 987600000
Proceeds from sales of investment property 4700000
Purchase of investment property 525500000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 34100000
Purchase of other long-term assets 0
Cash advances and loans made to other parties 434700000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 32900000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 27500000
Net cash flows from (used in) investing activities -1848600000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares -122400000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 1115400000
Repayments of borrowings 660800000
Payments of lease liabilities 84500000
Dividends paid 140400000
Interest paid 84500000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -49500000
Net cash flows from (used in) financing activities -26700000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -357200000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -357200000
Cash and cash equivalents cash flow statement at beginning of period 366900000
Cash and cash equivalents cash flow statement at end of period 9700000





Details of Impact of Audit Qualification
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 S.R. Batliboi and Co. LLP Yes 31-Jul-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 08-Feb-2024
Amount Raised 6000000000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review None
Comments of the auditors, if any None
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by Company NA 5500000000 0 5500000000 0
2 General corporate purposes NA 162300000 0 162300000 0


Signatory Details
Name of signatory Atul Khosla
Designation of person Chief Financial Officer
Place Delhi
Date 26-May-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Apeejay Surrendra Park Hotels Ltd Apeejay Charter Private Limited Subsidiary Any other transaction Hiring Charge 300000 NA 300000 100000 0
2 Apeejay Surrendra Park Hotels Ltd Apeejay Hotels & Restaurants Private Ltd Subsidiary Any other transaction Reimbursement of Expenses 600000 NA 600000 7200000 7400000
3 Apeejay Surrendra Park Hotels Ltd Apeejay North West Hotels Private Limited Subsidiary Loan 237200000 NA 237200000 495700000 704800000
4 Apeejay Surrendra Park Hotels Ltd Apeejay North West Hotels Private Limited Subsidiary Interest received 25800000 NA 25800000 0 0
5 Apeejay Surrendra Park Hotels Ltd Apeejay North West Hotels Private Limited Subsidiary Any other transaction Consultancy Income 7200000 NA 7200000 0 0
6 Apeejay Surrendra Park Hotels Ltd MSA Close members of the family of Key management personnel Purchase of goods or services 8800000 NA 8800000 5800000 3300000
7 Apeejay Surrendra Park Hotels Ltd Vijay Dewan KMP Remuneration 63500000 NA 63500000 0 0
8 Apeejay Surrendra Park Hotels Ltd Priya Paul KMP Remuneration 70000000 NA 70000000 0 0
9 Apeejay Surrendra Park Hotels Ltd Karan Paul Promoter Any other transaction Consultancy Fees & Sitting fees 17600000 NA 17600000 0 0
10 Apeejay Surrendra Park Hotels Ltd Atul Khosla KMP Remuneration 35800000 NA 35800000 0 0
11 Apeejay Surrendra Park Hotels Ltd Shalini Keshan KMP Remuneration 3100000 NA 3100000 0 0
12 Apeejay Surrendra Park Hotels Ltd Suresh Kumar Director Any other transaction Sitting fees 900000 NA 900000 0 0
13 Apeejay Surrendra Park Hotels Ltd Ragini Chopra Director Any other transaction Sitting fees 800000 NA 800000 0 0
14 Apeejay Surrendra Park Hotels Ltd Debanjan Mandal Director Any other transaction Sitting fees 800000 NA 800000 0 0
15 Apeejay Surrendra Park Hotels Ltd Apeejay House Private Limited Promoter Any other transaction - 0 NA 0 298000000 298000000
16 Apeejay Surrendra Park Hotels Ltd Apeejay House Private Limited Promoter Any other transaction Lease rental expenses 7900000 NA 7900000 25400000 19800000
17 Apeejay Surrendra Park Hotels Ltd Apeejay House Private Limited Promoter Any other transaction Misc Income 200000 NA 300000 0 0
18 Apeejay Surrendra Park Hotels Ltd Apeejay Private Limited Promoter Any other transaction Lease rental expenses 6800000 NA 6800000 20300000 31200000
19 Apeejay Surrendra Park Hotels Ltd Apeejay Private Limited Promoter Any other transaction Lease rental income 12500000 NA 12600000 0 0
20 Apeejay Surrendra Park Hotels Ltd Apeejay Tea Limited Promoter Purchase of goods or services 2900000 NA 3000000 0 0
21 Apeejay Surrendra Park Hotels Ltd Apeejay Tea Limited Promoter Interest received 3100000 NA 3200000 63000000 69000000
22 Apeejay Surrendra Park Hotels Ltd Apeejay Tea Limited Promoter Any other transaction Lease rental expenses 12700000 NA 12800000 5300000 1200000
23 Apeejay Surrendra Park Hotels Ltd Apeejay Shipping Limited Promoter Any other transaction Room Income 500000 NA 500000 100000 0
24 Apeejay Surrendra Park Hotels Ltd Apeejay Oxford Bookstores Private Limited Promoter Any other transaction Lease rental Income 6300000 NA 6300000 26300000 33000000
25 Apeejay Surrendra Park Hotels Ltd Apeejay Oxford Bookstores Private Limited Promoter Any other transaction Reimbursement of Expenses 1700000 NA 1700000 0 0
26 Apeejay Surrendra Park Hotels Ltd Apeejay Education Association Private Limited Promoter Any other transaction Management Trainee Hire and Training Charges 100000 NA 100000 0 0
27 Apeejay Surrendra Park Hotels Ltd Apeejay Surrendra Management Services Private Limited Promoter Any other transaction Brand Management Fees 30100000 NA 30100000 -5000000 -3300000
28 Apeejay Surrendra Park Hotels Ltd Tiny Box Private Limited Promoter Any other transaction Rental Income 0 NA 0 3500000 2900000
Total value of transaction during the reporting period 557700000