Sterling Holiday Resorts Limited (SHRL) has announced its strongest-ever quarterly performance for Q1 FY27, marking a significant milestone in the company’s transformation into a scalable, profitable, and resilient hospitality platform.

The company reported record performance across key financial and operational indicators, with total revenue reaching ₹1.7 billion, representing a 21% year-on-year growth. EBITDA increased 21% to over ₹620 million, maintaining a strong 37% EBITDA margin, among the highest in the hospitality sector. Profit Before Tax (PBT) grew 30% year-on-year, while Operating Free Cash Flow also increased by 30%.

Sterling’s financial position remained robust, with the company continuing to operate as a debt-free organisation and holding cash reserves exceeding ₹3.7 billion, providing flexibility for future expansion, technology investments, and enhancing guest experiences.

The company’s operating performance also witnessed strong improvement during the quarter. Occupancy increased by 700 basis points to 77%, despite growth in available inventory. Average Room Rate (ARR) reached a record ₹7,809, while RevPAR grew by 20%, supported by effective revenue management, commercial execution, and increasing brand strength.

Room revenue grew 29% during the quarter, while Food & Beverage revenue increased 15%, highlighting continued demand across Sterling’s resort portfolio.

Currently, Sterling operates 78 resorts with nearly 3,800 rooms across more than 65 destinations, positioning itself as one of India’s fastest-growing listed hospitality companies. The company has a visible development pipeline of 35+ resorts and over 2,000 additional rooms, supported by its asset-right strategy combining owned, leased, and managed properties.

Customer recognition continued to strengthen Sterling’s brand positioning. Sterling Kanha received Tripadvisor’s prestigious “Best of the Best” Award for the fourth consecutive year, placing it among the top 1% of resorts globally. The achievement also makes Sterling one of the few resort brands worldwide to receive this recognition four years in succession.

Additionally, 28 Sterling resorts received Tripadvisor Travellers’ Choice Awards, with 12 resorts earning the recognition for three consecutive years.

Commenting on the performance, Mr. Vikram Lalvani, Managing Director & CEO, Sterling Holiday Resorts Limited, said that Q1 FY27 represents a defining milestone in Sterling’s journey, reflecting the company’s transformation into a high-quality hospitality platform.

He highlighted that the company’s growth engines, strong balance sheet, development pipeline, technology investments, artificial intelligence initiatives, and leadership capabilities will support its next phase of expansion and long-term value creation.

With continued focus on operational excellence, innovation, and destination-led growth, Sterling aims to strengthen its position as one of India’s leading leisure hospitality companies while creating enhanced experiences for travellers across the country.

About Sterling Holiday Resorts Limited

Sterling Holiday Resorts Limited is one of India’s leading hospitality companies with a portfolio of 78 resorts, hotels, and retreats across more than 65 destinations. The company offers leisure experiences across beaches, hills, jungles, heritage destinations, pilgrimage circuits, and waterfront locations.

Sterling caters to leisure travellers, MICE groups, destination weddings, reunions, and group travel segments through its extensive network of resorts across India.