Mumbai | July 22, 2026: Waterways Leisure Tourism Limited, the operator of Cordelia Cruises, reported a healthy financial performance for the quarter ended June 30, 2026, driven by steady demand for domestic cruise tourism and improved operating performance.
Author: Aadarsh Patel | EQMint
The company posted standalone revenue from operations of ₹190.11 crore, compared with ₹176.32 crore in the corresponding quarter last year, reflecting year-on-year growth of nearly 8%. Profit after tax rose sharply to ₹27.35 crore, registering a growth of approximately 46.6% over the previous year’s ₹18.65 crore.
The unaudited financial results were approved by the Board of Directors during its meeting held on July 22, 2026, along with the statutory auditors’ limited review report.
Revenue and Profit Continue Upward Trend
Cordelia Cruises delivered another profitable quarter as demand for premium leisure travel remained strong.
Key standalone financial highlights include:
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- Revenue from Operations: ₹190.11 crore (₹176.32 crore in Q1 FY26)
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- Total Income: ₹192.41 crore
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- Profit Before Tax: ₹37.64 crore
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- Profit After Tax: ₹27.35 crore
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- Basic EPS: ₹4.19 per share
The improvement reflects continued passenger demand and efficient cost management across cruise operations.
Consolidated Performance Remains Healthy
On a consolidated basis, the company also reported solid profitability.
For Q1 FY26:
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- Revenue from Operations: ₹190.11 crore
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- Total Income: ₹191.62 crore
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- Profit Before Tax: ₹33.05 crore
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- Profit After Tax: ₹22.77 crore
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- Total Comprehensive Income: ₹24.10 crore
The results indicate that the group’s international subsidiaries also continued supporting overall business operations.
Expansion Plans Continue
Apart from reporting quarterly earnings, the company highlighted important developments supporting its future growth strategy.
During the quarter, Waterways Leisure Tourism granted an unsecured loan of ₹472.95 million to its wholly owned overseas subsidiary, repayable after five years. It also advanced USD 6 million as lease rentals to its step-down subsidiary for the upcoming cruise vessel “SUN”, in line with previously approved expansion plans.
According to the consolidated notes, the management expects delivery of the cruise vessel after March 31, 2027, which is expected to expand the company’s operational capacity.
Stock Split Proposal
The Board has also approved, subject to shareholder approval, a proposal to split each existing equity share with a face value of ₹10 into 10 equity shares with a face value of Re.1 each.
The proposed stock split is intended to improve liquidity and make the company’s shares more accessible to a wider base of investors.
Recently Listed on Stock Exchanges
Waterways Leisure Tourism completed its Initial Public Offering earlier this year.
The company issued 72.40 lakh fresh equity shares at an issue price of ₹808 per share, and its shares were listed on both the BSE and NSE on July 1, 2026.
The strong first quarterly performance after listing provides investors with an encouraging indication of the company’s operational momentum.
Cruise Tourism Continues to Grow
India’s cruise tourism industry continues to benefit from rising disposable incomes, growing interest in premium travel experiences, and improving port infrastructure.
As the country’s leading domestic cruise operator, Cordelia Cruises remains well positioned to capitalize on increasing demand while expanding its fleet over the coming years.
The addition of a second vessel is expected to strengthen the company’s presence across domestic and international cruise routes.
Conclusion
Cordelia Cruises has delivered a strong start to FY27 with higher revenue, improved profitability, and continued investment in fleet expansion.
The combination of healthy earnings, planned capacity additions, and its recent stock market listing positions Waterways Leisure Tourism for its next phase of growth as India’s cruise tourism market continues to evolve.
Key Financial Highlights
| Particulars | Q1 FY27 |
|---|---|
| Revenue from Operations | ₹190.11 crore |
| Total Income | ₹192.41 crore |
| Profit Before Tax | ₹37.64 crore |
| Profit After Tax | ₹27.35 crore |
| Basic EPS | ₹4.19 |
*Standalone financial results.
FAQs
How did Cordelia Cruises perform in Q1 FY26?
The company reported ₹190.11 crore in revenue and ₹27.35 crore in profit after tax during the quarter ended June 30, 2026.
Is Cordelia Cruises planning fleet expansion?
Yes. The company has advanced funds for the upcoming cruise vessel “SUN”, with delivery expected after March 2027.
Has the company proposed a stock split?
Yes. The Board approved a proposal, subject to shareholder approval, to split each ₹10 equity share into ten Re.1 equity shares.
When was Waterways Leisure Tourism listed?
The company’s shares were listed on the BSE and NSE on July 1, 2026, following its IPO.
