Waterways Leisure Tourism Ltd

Waterways Leisure Tourism Limited (CORDELIA) reported strong financial performance for Q2 and H1 FY27, with revenue from operations increasing by 31% year-on-year to Rs. 1,329 million and EBITDA margin at 58.45%. The company delivered the Cordelia Sky cruise ship one month ahead of schedule, increasing capacity by 126% and enabling a wider range of itineraries. Management emphasized operational efficiency, cost discipline, and revenue optimization, with plans to expand the fleet beyond the previously announced SUN vessel. The company noted rising fuel costs, which impacted EBITDA by approximately Rs. 28 crores, but highlighted efforts to offset this through fuel surcharges and cost management. Strategic initiatives include a loyalty program, the Chairman's Club, and exploring new markets such as Southeast Asia and India's growing cruise ports. The company remains focused on long-term growth in the Indian cruise market, leveraging its extensive coastline and increasing consumer demand for differentiated travel experiences. Financials showed a debt-to-equity ratio of 0.57%, and the company is exploring funding options for future vessel acquisitions, including internal accruals and potential debt financing.

The document highlights strong financial performance, successful operational execution, and positive long-term growth outlook for the Indian cruise market.