Author: Nishtha Mehrotra | EQMint
Synopsis: Waterways Leisure Tourism, operator of Cordelia Cruises, is in focus after a reported 10% share-price rise, alongside a nine-fold increase in net worth following its IPO.
Shares of Waterways Leisure Tourism Limited, which operates Cordelia Cruises, are in focus after a reported 10% rise. The company’s financial position has strengthened following its July 2026 IPO, with consolidated net worth reaching ₹727.34 crore as of 30 September 2026, up from ₹80.20 crore in March.
Total assets climbed to ₹1,348.43 crore from ₹341.78 crore, while IPO proceeds helped expand its financial base.
IPO Proceeds Support Expansion
The company raised approximately ₹565.68 crore through its IPO during the half-year. Loans and advances increased to ₹434.81 crore, including an interest-bearing advance of around ₹429 crore linked to acquiring a new vessel. The company has also made advance lease payments for the upcoming vessels SKY and SUN.
Borrowings and Profits in Focus
Total borrowings rose to ₹412.53 crore from ₹101.89 crore in March. For Q2 FY27, net profit reached ₹58.50 crore, including a one-time gain of ₹49.49 crore related to the early delivery of SKY. Excluding this gain, profit before tax stood at ₹9.61 crore.
Investors will watch whether fleet expansion translates into sustained earnings as debt and finance costs rise.
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/27a9ff08-bd93-4d64-80d5-85af16182ef7.pdf
Disclaimer: This article is for information purposes only and is not investment advice.
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