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Cordelia Cruises Operator Posts Q2 Profit of ₹54 Crore
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CNBC TV18•09-10-2026, 17:32
Cordelia Cruises Operator Posts Q2 Profit of ₹54 Crore
- •Waterways Leisure Tourism Limited reported a net profit of ₹54.4 crore for the quarter ended September 30, reversing a net loss of ₹8.9 crore from the previous year.
- •Revenue from operations increased by 30.9% year-on-year to ₹133 crore, supported by an exceptional one-off gain of ₹49.5 crore.
- •The exceptional gain came as compensation received without obligation for the early delivery of the vessel Sky.
- •For the half year ended September 30, the company achieved a consolidated net profit of ₹81.3 crore on a revenue of ₹323 crore.
- •The company advanced an interest-bearing loan of ₹429 crore to a third party for acquiring a new vessel during the quarter.
Key Questions Answered
The Cordelia Cruises operator reported a net profit of ₹54.4 crore for the quarter ended September 30, boosted by an exceptional gain of ₹49.5 crore received for the early delivery of the vessel "Sky" by subsidiary Bay Cruise Investments Inc.
The company's IPO proceeds are earmarked for vessel lease payments and general corporate purposes, remaining parked in fixed deposits until they are utilized.
The board approved a sub-division of the company's equity shares from a face value of ₹10 to 10 shares of ₹1 each on July 10, which was later cleared by shareholders via postal ballot on August 12.
