Transcripts of the Earnings call held on 04.08.2026

To, Date: 07th August, 2026 The Manager The Manager, BSE Limited National Stock Exchange of India Limited, P. J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex, Mumbai-400001 Bandra (E), Mumbai- 400051. (BSE Scrip Code: 523796) (NSE Symbol: VHLTD) Dear Sir/ Madam, Unit: Viceroy Hotels Limited Sub: Transcript of the Earnings call held on 04th August, 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [“Listing Regulations”] With reference to the subject cited, this is to inform the Exchanges that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are enclosing herewith the transcript of the Post Earnings (Group Conference) Call for Q1 ended 30th June, 2026 held on Tuesday, 04th August, 2026. This is for the information and records of the Exchange, please. Thanking you. Yours faithfully, For Viceroy Hotels Limited C. Siva Kumar Reddy Company Secretary and Compliance Officer Mem No.: ACS 72022 VICEROY HOTELS LIMITED CIN: L55101TG1965PLC001048 Regd. Off: 8-2-120/112/88 & 89, Aparna Crest, 3rd Floor, Road No. 2 Banjara Hills, Hyderabad – 500 034, Telangana; Ph: 040 40204383 Website: www.viceroyhotels.in Email: secretarial@viceroyhotels.in “Viceroy Hotels Limited Q1 FY27 Conference Call” August 04, 2026 MANAGEMENT: MR. ANIRUDH REDDY – NON-EXECUTIVE AND NON- INDEPENDENT DIRECTOR – VICEROY HOTELS LIMITED MR. P.V. KRISHNA REDDY – CHIEF FINANCIAL OFFICER – VICEROY HOTELS LIMITED MR. PRADYUMNA KODALI – CHIEF OPERATING OFFICER – VICEROY HOTELS LIMITED MODERATOR: MR. CHIRAG BHATIYA – MUFG Artemis Medicare Services Limited August 04, 2026 Moderator: Ladies and gentlemen, good day and welcome to Viceroy Hotels Limited Q1 FY27 Conference Call hosted by MUFG. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Chirag Bhatiya from MUFG. Thank you and over to you, sir. Chirag Bhatiya: Thank you, Saniya. Good afternoon, everyone, and welcome to Q1 FY27 earnings conference call of Viceroy Hotels Limited. From the management, today we have with us Mr. Anirudh Reddy, Non- Executive and Non-Independent Director; Mr. P. V. Krishna Reddy, Chief Financial Officer; and Mr. Pradyumna Kodali, Chief Operating Officer. Before we proceed with this call, I would like to give you a small disclaimer that this call may contain certain forward-looking statements which are based on opinion, beliefs, and expectation of the management as on date. A detailed disclaimer has been given in the company's investor presentation, which has been uploaded on the stock exchange. I hope you all had chance to go through the same. Now, I would like to hand over the call to Mr. Anirudh Reddy. Over to you, sir. Anirudh Reddy: Good afternoon, everyone, and thank you for joining Viceroy Hotels Limited Q1 FY27 Earnings Conference Call. I hope all of you had the opportunity to review our quarterly results presentation and press release circulated earlier. We are pleased to report a strong start to FY27, reflecting the benefits of our ongoing asset enhancement initiatives, operational improvements, and growing demand across our hospitality portfolio. The quarter witnessed encouraging operational momentum across our businesses. The broader outlook for the Indian hospitality industry remains positive. Rising business travel, growth in MICE activities, increasing domestic tourism, and Hyderabad's emergence as a major technology and commercial hub continue to support demand for quality hospitality assets. We believe Viceroy Hotels is well-positioned to benefit from these structural trends. At Viceroy Hotels, our focus remains firmly centered on long-term value creation through asset enhancement, superior guest experiences, and disciplined execution. Over the several quarters, we have been implementing a comprehensive transformation and modernization program across our hospitality assets to strengthen their market positioning and unlock future growth opportunities. These initiatives are not only aimed at improving the quality of our offerings, but also at ensuring that our properties remain competitive and relevant in an evolving hospitality landscape. Our executive apartments business continues to be an important strategic differentiator. As global corporations expand their presence in Hyderabad and demand for extended stay accommodation grows, we see significant opportunities in this segment. Artemis Medicare Services Limited August 04, 2026 The combination of premium hospitality services with residential-style comfort continues to resonate well with long-stay guests and corporate travelers. We also remain committed to maintaining a disciplined approach towards capital allocation. Our approach here remains disciplined and focused on enhancing asset quality, elevating guest experiences, and creating sustainable long-term value. At the same time, we also continue to evaluate selective growth opportunities that complement our portfolio and support our long-term strategy. Looking ahead, our priorities remain unchanged. Number 1, completing ongoing renovation programs on schedule. 2, driving higher occupancy and RevPAR across our portfolio. 3, improving operational efficiencies and margin profile. 4, strengthening the contribution from executive apartments and ancillary businesses. And 5, pursuing disciplined growth opportunities while maintaining a prudent capital allocation framework. With strong industry fundamentals, a premium portfolio of assets, ongoing enhancement initiatives, and a clear strategic roadmap, we believe Viceroy Hotels is positioned to participate in the next phase of growth in the Indian hospitality industry. With that, I now request our CFO to take you through the financial performance for the quarter before we open the floor for questions. Thank you. P. V. Krishna Reddy: Thank you, Anirudh. Good afternoon, everyone, and thank you for joining us today for the earnings call of the company. Let me take you through the financial performance of the company during the quarter. For Q1 FY27, on a consolidated basis, the revenue from operations of the company stood at INR44.9 crores as compared to INR25.4 crores in Q1 FY26, showing robust growth of approximately 77%. EBITDA for the quarter came in at INR11.8 crores with a margin of 26.3% as compared to INR4.8 crores with a margin of 19% in Q1 FY26, representing a growth of 144% in EBITDA and an expansion of 725 basis points in margin. In terms of profitability, our profit after tax stood at INR1.4 crores with a margin of 3.2% as against a loss of INR3 crores with a margin of negative 11.9% in corresponding quarter of the previous year. Depreciation and amortization for the quarter stood at INR5 crores as against INR3.4 crores, reflecting the capitalization of the Phase 1 at Courtyard together with the depreciation on the acquired property. While finance costs stood at INR5.4 crores as against INR1 crores in Q1 FY26. It is this step-up in depreciation and finance cost that explains why INR11.7 crores in EBITDA translates into a profit after tax of INR1.4 crores. Coming to our operating metrics, combined occupancy across the Marriott and Courtyard hotels, it had improved to 76.25% in Q1 FY27 from 53.65% in corresponding quarter. At Marriott, occupancy improved to 72.04% from 59.96%, while at Courtyard, occupancy improved to 83.65% from 38.31%, the latter reflecting the normalization of the property following the completion of the Phase 1. Combined ADR for the quarter stood at INR6,107 as against INR6,952, with Marriott at INR6,188 and Courtyard at INR5,985. Courtyard RevPAR nearly doubled to INR5,006 from INR2,545, while Marriott RevPAR improved 5.7% to IN [Showing first 8,000 characters — download PDF for full document]