Viceroy Hotels Limited — Important, 10-02-2025: General Updates

Viceroy Hotels Limited reported a strong performance for Q3 of FY25, with revenue from operations at INR 37.75 crores (up 16% from Q2) and EBITDA of INR 11.35 crores (up 43% from Q2). The Average Daily Rate (ADR) has shown significant improvement, reaching INR 7,423 compared to INR 6,063 in Q2. To capitalize on rising demand, the company is actively renovating its Courtyard by Marriott, with an expected addition of 56 new guest rooms and enhanced facilities by the end of June. The Marriott property will undergo phased renovations beginning in April 2025, maintaining operations while targeting ADRs between INR 9,500 and INR 10,500 post-renovation.

The recent rights issue was a success, achieving nearly 112% subscription, reflecting robust investor confidence. Looking ahead, there are plans to expand the hotel portfolio, with a potential addition in Hyderabad. Management is optimistic about future growth, citing a favorable supply-demand dynamic in the hospitality sector, particularly in metro cities, projecting substantial revenue increases in the coming years.