Apeejay Surrendra Park Hotels Limited — Investor Meet, 11-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Apeejay Surrendra Park Hotels reported record Q3 FY26 revenue of INR 200 Cr, with 35.3% EBITDA margin. The financial results for the quarter and half-year showed 9M revenue grew 15.3% to INR 524 Cr. Occupancy hit 90%, with 11% ARR and 9% RevPAR growth. Flurys revenue rose 19% in Q3. The company is launching The Park Unizen residences (projected INR 300-350 Cr cash flow over 3 years) and adding 672 keys via 17 new hotels over 14 months, including acquired Juhu and Kerala luxury properties. Strategic capital allocation, prioritizing hotel growth, influenced Flurys' slower store expansion, though revenue growth remains strong. Net debt-to-equity is 0.11, targeting below 0.2, and debt-to-EBITDA below 2. Management expresses confidence in growth momentum and financial resilience.