CORDELIA · Travel Services
Waterways Leisure Tourism Limited reported revenue of ₹190 cr for April to June 2026, +8.0% on the year and +23.4% on the quarter.
Operating profit (EBITDA) was ₹45.0 cr, a margin of 23.7%, −757 bps on the year and −34 bps on the quarter. Operating costs grew +19.8%, faster than revenue at +8.0%, so operating profit grew less than sales.
Net profit was ₹23.0 cr, −34.3% on the year and +27.8% on the quarter, with earnings per share of ₹0.31. Profit before other income, one-offs and tax fell 32.6%, so the profit growth came from the business itself.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
Operating margin fell sharply on the year. Pricing, input costs, or mix?
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q1 FY26 | Q2 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|
| Revenue | ₹176 cr | ₹102 cr | ₹154 cr | ₹190 cr | ₹133 cr |
| YoY | — | — | — | +8% | +30% |
| EBITDA margin | 31.3% | −5.9% | 24.0% | 23.7% | 7.5% |
| Other income, % of PBT | 2% | — | 4% | 6% | 115% |
| Exceptional items | — | — | — | — | — |
| Tax rate | 27% | — | 32% | 31% | 1% |
| Net profit | ₹35.0 cr | −₹9.0 cr | ₹18.0 cr | ₹23.0 cr | ₹58.0 cr |
| YoY | — | — | — | −34% | — |
| Core profit YoY | — | — | — | −33% | — |
| EPS | ₹0.53 | −₹0.14 | ₹0.28 | ₹0.31 | ₹0.81 |
| Flags | · | · | · | 1 | 3 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Waterways Leisure Tourism Limited reported revenue of ₹190 cr (+8.0% on the year) and net profit of ₹23.0 cr (−34.3% on the year) for April to June 2026.
Profit before other income, exceptional items and tax moved −32.6% on the year, against −34.3% for reported profit.
1 check raised a question: Operating margin fell sharply on the year. Pricing, input costs, or mix?
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