NSEPress Release9 Oct 2026 · 9 Oct 2026, 07:52 pm
Press Release
Waterways Leisure Tourism Limited · CORDELIA
✦ AI Summary▲ PositiveResults
Waterways Leisure Tourism Limited has reported a healthy Q2 and H1 FY27 performance with EBITDA at ₹776.82 Mn and PAT at ₹584.96 Mn. The company delivered a stronger performance in Q2 and H1 FY27, with sustained improvement on both a YoY and QoQ basis, despite a challenging macroeconomic and geopoli(cid:415)cal environment.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Waterways Leisure Tourism Limited has informed the Exchange regarding a press release dated October 09, 2026, titled "Waterways Leisure Tourism Reports Healthy/ Robust Q2 & H1 FY27 Performance with EBITDA at ₹776.82 Mn and PAT at ₹584.96 Mn.".
Attachments (1)
📄pdf
Download →
CORDELIA_09102026195216_Intimation_of_Press_Release.pdf
View document text
WATERWAYS LEISURE TOURISM LIMITED
(FORMERLY KNOWN AS WATERWAYS LEISURE TOURISM PRIVATE LIMITED)
09th October, 2026
To To
Listing Department, Listing Department
BSE Limited National Stock Exchange of India Limited
P.J Tower, Dalal Street, Exchange Plaza, Plot No. C/1, G Block,
Mumbai- 400001 BKC, Bandra (East), Mumbai – 400051.
Scrip Code: 544802
Symbol: CORDELIA
Dear Sir (s)/ Madam(s),
Subject: Intimation of Press Release.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find enclosed herewith a press release titled “Waterways Leisure
Tourism Reports Healthy/ Robust Q2 & H1 FY27 Performance with EBITDA at ₹776.82 Mn
and PAT at ₹584.96 Mn.”
The press release will also be available on the website of the Company at
https://www.cordeliacruises.com/investor-relation
Yours faithfully,
For on behalf of
Waterways Leisure Tourism Limited
(formerly Waterways Leisure Tourism Private Limited)
Ankit Satish Shah
Company Secretary & Compliance Officer
(ACS: 68732)
CIN No. L63030MH2020PLC440323
Regd. Office & Corp. a – A-1601, Marathon Futurex, NM Joshi Marg, Lower Parel East, Delisle Road, Mumbai – 400013.
Email – waterwaysleisure2021@gmail.com/cs@waterways-leisure.com| Website - www.cordeliacruises.com
*Confidentiality Notice: This letterhead including supporting enclosures (if any) are intended for the use of the recipient(s) only and may
contain confidential or privileged information. Unauthorized use, disclosure, copying, or uploading on social media platforms is strictly
prohibited. If you are not the intended recipient, please notify the sender immediately and destroy all copies of this document and
enclosures.
Waterways Leisure Tourism Reports Healthy/Robust Q2 & H1
FY27 Performance with EBITDA at ₹776.82 Mn and PAT at ₹584.96 Mn
Mumbai, October 09th 2026: Waterways Leisure Tourism Limited, operator of the Cordelia
Cruises brand, announced its unaudited financial results for the quarter and half year ended
September 30th, 2026.
Q2 & H1-FY27 Consolidated Financial Performance:
Parameter (In Q2-FY27 Q2-FY26 Y-o-Y H1- H1- Y-o-Y
Mns) FY27 FY26
Revenue 1329.00 1015.36 31% 3230.12 2778.51 16%
EBITDA 776.82 -24.00 3337% 1242.12 537.81 131%
EBITDA Margins 58.45% -2.36% 0.61% 38.45% 19.36% 0.19%
PAT 584.96 -89.34 755% 812.69 258.34 215%
PAT Margins 44.02% -8.80% 0.53% 25.16% 9.30% 0.16%
The Company delivered a stronger performance in Q2 and H1 FY27, with sustained
improvement on both a YoY and QoQ basis, despite a challenging macroeconomic and
geopoli(cid:415)cal environment.
Q2-FY27 Business Highlights:
The Company recorded revenue from opera(cid:415)ons of ₹1329.00 Mn in Q2 FY27, compared with
₹ 1015.36 Mn in the corresponding quarter of the previous year, with (cid:415)cket revenue and
onboard & other revenue.
The Company witnessed sustained demand across its sailings during the quarter, with load
factor of 75.53%. The average (cid:415)cket price was almost same YoY, reflec(cid:415)ng almost same
demand and (cid:415)cket yields. The combina(cid:415)on of higher u(cid:415)lisa(cid:415)on and (cid:415)cket pricing supported
the growth in (cid:415)cket revenue during the quarter.
H1-FY27 Business Highlights:
For the six months ended September 30, 2026, the Company recorded revenue from
opera(cid:415)ons of ₹3230.12 Mn, compared with ₹ 2778.51 Mn in the corresponding period of the
previous year. Ticket revenue con(cid:415)nued to be the primary contributor at ₹ 2768.14 Mn, while
onboard and other revenue stood at ₹ 460.08 Mn.
The Company maintained healthy demand across its sailings during H1 FY27, with a load factor
of 91.23%. The average (cid:415)cket price increased by 6% YoY, supported by sustained demand and
improved (cid:415)cket yields.
The Company con(cid:415)nued to maintain a disciplined approach to its balance sheet during the
period. As of September 30, 2026, total debt stood at ₹ 4125.28 Mn, while net worth stood at
₹7315.07 Mn, reflec(cid:415)ng the Company's focus on managing leverage while suppor(cid:415)ng its
ongoing opera(cid:415)ons.
Key Opera(cid:415)onal Highlights:
A key milestone during the period was the delivery of Cordelia Sky one month ahead of
schedule, expanding the Company’s overall capacity by approximately 126%. With opera(cid:415)ons
scheduled to commence on October 23, 2026, the Company has witnessed encouraging ini(cid:415)al
bookings for Sky.
Cordelia Sun remains on track for scheduled delivery, further strengthening the Company’s
fleet capacity and suppor(cid:415)ng its next phase of growth. In parallel, the Company has
commenced evalua(cid:415)on of new fleet opportuni(cid:415)es, advancing its long-term expansion
roadmap.
The Company is also rolling out its Loyalty Programme The Chairman’s Club, a dis(cid:415)nc(cid:415)ve
loyalty programme designed to deepen guest rela(cid:415)onships through personalised engagement
and meaningful rewards. Offering benefits from the very first interac(cid:415)on, the programme
brings together three key pillars—Rewards, Loyalty and Referrals—to encourage higher
spending, drive repeat bookings through exclusive privileges, and reward guests for
recommending Cordelia Cruises to others. Spanning bookings, on-board experiences,
excursions and referrals, The Chairman’s Club aims to build las(cid:415)ng guest rela(cid:415)onships while
strengthening brand advocacy and long-term customer value."
The Company con(cid:415)nues to maintain a focused approach to marke(cid:415)ng and demand
genera(cid:415)on, supported by disciplined sales and inventory management. This approach,
together with con(cid:415)nued focus on cost discipline, remains central to naviga(cid:415)ng the prevailing
macroeconomic and geopoli(cid:415)cal environment while suppor(cid:415)ng sustainable growth.
Management Commentary
Jurgen Bailom, Chairman of the Board, Execu(cid:415)ve Director and CEO, Waterways Leisure
Tourism Limited, said: “Q2 and H1 FY27 have been encouraging for us, with con(cid:415)nued
demand across our sailings and healthy (cid:415)cket yields suppor(cid:415)ng the overall performance of
the business. We have remained focused on op(cid:415)mising capacity u(cid:415)lisa(cid:415)on, maintaining
pricing discipline and delivering a differen(cid:415)ated guest experience, while con(cid:415)nuing to execute
with opera(cid:415)onal and financial discipline. This has translated into EBITDA of ₹1242.12 Mn and
PAT of ₹812.69 Mn for H1 FY27, reflec(cid:415)ng 215% growth over the corresponding period.
The addi(cid:415)on of Cordelia Sky is an important milestone in our growth journey and strengthens
our ability to cater to the evolving demand for cruise holidays in India. With its expanded
capacity and a broader range of accommoda(cid:415)on, dining, entertainment and leisure
experiences, Sky will add a new dimension to the Cordelia Cruises proposi(cid:415)on. As we move
into the second half of the year, we remain focused on scaling the business sustainably,
enhancing the guest experience and crea(cid:415)ng long term value for our stakeholders.”
About Cordelia Cruises
Cordelia Cruises is India’s premium cruise line, designed for the way Indians love to travel,
celebrate, and explore. With a vision to make cruising a preferred holiday choice in India,
Cordelia Cruises offers journeys across domes(cid:415)c and interna(cid:415)onal des(cid:415)na(cid:415)ons, combining
Indian hospitality with world-class service and onboard experiences.
About Waterways Leisure Tourism Limited
Waterways Leisure Tourism Limited is India’s leading cruise company and the pioneer of cruise
holidays for Indian travellers. Through Cordelia Cruises, the company is building a cruise
culture that is accessible and experience-led, bringing together hospitality, entertainment,
and des(cid:415)na(cid:415)ons in a single format at sea.