Cordelia Cruises to add two ships by November 2027 as Q1 revenue reaches Rs190 crore
Waterways Leisure Tourism, which operates Cordelia Cruises, plans to add Sky in October 2026 and Sun in November 2027. Q1 FY27 operating revenue rose 8% year-on-year to Rs190 crore, while net profit declined 34% to Rs23 crore. The company is also trading ex a 1:10 stock split.
What happened
Waterways Leisure Tourism trades ex-split under a 1:10 split while Cordelia Cruises plans fleet expansion with Sky in October 2026 and Sun in November 2027.
Key facts
- 1:10 stock split
- Record date: 26 August
- Face value: Rs10 to Rs1
- Paid-up share capital: Rs72.395 crore
- Shares: 7,23,94,543 to 72,39,45,430
- Q1FY27 net profit: Rs23 crore
- QoQ profit growth: 28%
- YoY profit decline: 34%
- Q1FY27 operating revenue: Rs190 crore
- YoY revenue growth: 8%
- QoQ revenue growth: 23%
- BSE share price: Rs106.70
Why this matters
The two-ship expansion signals confidence in Indian cruise-demand growth and creates potential opportunities for port, tourism, distribution and onboard-services partnerships.
What to watch
- Confirmation of Sky delivery, regulatory clearance, deployment route and ticket-sale opening date before October 2026.
- Occupancy, net revenue per passenger cruise day, advance-booking pace and cancellation rates for the new ship.
- Onboard ancillary revenue per passenger, especially food and beverage, shore excursions, duty-free retail and premium cabin upgrades.
- Fuel prices, rupee movement, interest expense and lease or debt obligations associated with the added vessels.
- Changes in Indian cruise port infrastructure, berth availability, immigration processes and tourism incentives.
- Whether Q2-Q4 FY27 profit margins stabilize despite revenue growth.
- Timing, capex and financing details for Sun's planned November 2027 entry.
- Build advance-booking campaigns around Sky's October 2026 launch, targeting festive, wedding, MICE and multigenerational travel demand.
- Use introductory pricing selectively while protecting yields through cabin upgrades, beverage packages, excursions, casino, spa and retail-onboard attachment sales.
- Secure port, tourism-board and travel-agent partnerships to broaden embarkation points and destination itineraries.
- Increase hiring and training for marine operations, hospitality, food and beverage, retail and guest-service teams ahead of vessel induction.
- Prioritize fuel procurement, maintenance planning and financing discipline to prevent capacity expansion from further pressuring net profit.
- Use the stock split to widen retail-investor participation, while providing clearer guidance on vessel economics, occupancy and launch capex.