Waterways Leisure Tourism Limited Reports Q1 FY27 Results with Revenue Growth Despite Higher Fuel Costs

BY ADMIN • FILED 23 Jul 2026, 8:01 PM

Waterways Leisure Tourism Limited, the company operating Cordelia Cruises, has announced its consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27). The company delivered steady revenue growth during the quarter, supported by strong passenger demand and record occupancy levels. However, a sharp increase in fuel expenses impacted profitability.

Q1 FY27 Financial Highlights

Waterways Leisure Tourism continued to witness healthy demand for cruise travel across India, resulting in higher ticket revenue and improved occupancy.

Key Financial Performance

Revenue from Operations: Increased 7.8% year-on-year to ₹190.11 crore, compared with ₹176.32 crore in Q1 FY26.
Gross Ticket Revenue: Rose 10% YoY to ₹208.26 crore, including GST.
EBITDA: Stood at ₹46.53 crore, compared with ₹56.18 crore in the corresponding quarter last year.
EBITDA Margin: Declined to 24.5% from 32.0% in Q1 FY26.
Profit After Tax (PAT): Came in at ₹22.77 crore, compared with ₹34.77 crore in Q1 FY26.
Earnings Per Share (EPS): Basic and diluted EPS for the quarter stood at ₹3.49.

Strong Passenger Demand Drives Operations

The company served 55,710 guests during the quarter through its Cordelia Cruises operations, which currently connect seven major ports across India’s west and east coasts.

Operational highlights included:

Load Factor: Increased to 105%, reflecting strong demand and higher multi-occupancy cabin bookings.
Average Ticket Price: Improved 4.3% year-on-year to ₹11,581 per passenger cruise day, indicating healthy pricing power.
Continued year-round cruise operations across multiple domestic destinations.

Fuel Prices Impact Margins

While demand remained strong, profitability came under pressure due to a sharp rise in fuel costs.

Fuel expenses increased by approximately 65% year-on-year to ₹14.23 crore, leading to higher operating costs and lower EBITDA and net profit margins despite healthy revenue growth.

The company continues to focus on maintaining high occupancy levels while managing operating costs in a volatile fuel price environment.