Sterling Delivers Best Ever Quarter, Revenue at ₹1.7 Billion, PBT grows 30% YoY

Sterling Holiday Resorts Limited (SHRL), one of India's leading hospitality companies, reported its strongest-ever quarterly performance, delivering record Revenue, EBITDA, Profit Before Tax and Operating Free Cash Flow in Q1 FY27. More importantly, the quarter reflects the emergence of a business that has fundamentally transformed itself over the last few years into a scalable, profitable and resilient hospitality platform.

Financial Highlights
- Revenue: ₹1.7 billion (↑21% YoY).
- EBITDA: ₹620 million (↑21% YoY), with an industry-leading 37% margin.
- Profit Before Tax (PBT): ↑30% YoY, margin expansion of 200 bps.
- Operating Free Cash Flow: ↑30%.
- Balance Sheet: Debt-free, cash reserves of ₹3.7 billion.

Operating Excellence
- Occupancy: 77% (↑700 bps despite inventory growth).
- Average Room Rate (ARR): ₹7,809 (record high).
- RevPAR: ↑20%.
- Revenue Mix: Room revenue ↑29%, F&B revenue ↑15%.

Scale & Growth
- Current Portfolio: 78 resorts, ~3,800 rooms across 65+ destinations.
- Pipeline: 35+ resorts, 2,000+ rooms.
- Strategy: Asset-right model balancing owned, leased, and managed properties.

Customer Excellence
- Sterling Kanha: Tripadvisor Best of the Best Award for 4th consecutive year (top 1% globally).
- Other Resorts: 28 received Travellers’ Choice Awards, 12 winning for three consecutive years.

CEO’s Statement (Vikram Lalvani)
- Q1 FY27 is a defining milestone, showing Sterling’s transformation into a scalable, profitable, resilient platform.
- Focus on technology, AI, leadership, and capital discipline as enablers for the next growth phase.
- Ambition: Compound transformation over the next five years into consistent growth, stronger returns, and sustained stakeholder value creation.

This quarter signals Sterling’s inflection point—from turnaround to a robust growth engine, with strong fundamentals and a clear expansion pipeline.