Viceroy Hotels Limited — Updates, 14-11-2024: Press Release

Viceroy Hotels Limited reports strong financial performance for Q2 and H1 FY25, with significant year-on-year growth. In Q2 FY25, revenue from operations reached Rs. 32.3 crore, up 18%, while EBITDA surged by 111% to Rs. 7.9 crore, demonstrating robust margin improvement. Profit After Tax (PAT) skyrocketed by 3,670% to Rs. 59.7 crore, bolstered by a deferred tax adjustment of Rs. 54.5 crore.

The hospitality segment reported an occupancy rate of 75.3%, alongside an Average Daily Rate (ADR) of Rs. 6,063.65 and Revenue per Available Room (RevPAR) of Rs. 4,565.23, signaling strong operational metrics.

Strategically, Viceroy is initiating renovations to enhance hotel offerings over the next few years and has approved a Rights Issue Committee to raise up to Rs. 49.52 crore. The company also sold investments in wholly-owned subsidiaries for Rs. 0.66 crore and increased its authorized share capital from Rs. 80 crore to Rs. 90 crore. Positive outlook as growth momentum persists; keep an eye on upcoming renovations and expansions.