Waterways Leisure Tourism Ltd

Net profit of Waterways Leisure Tourism declined 34.51% to Rs 22.77 crore in the quarter ended June 2026 as against Rs 34.77 crore during the previous quarter ended June 2025. Sales rose 7.82% to Rs 190.11 crore in the quarter ended June 2026 as against Rs 176.32 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales190.11176.32 8 OPM %23.6931.28 - PBDT42.0954.86 -23 PBT33.0547.43 -30 NP22.7734.77 -35 Powered by Capital Market - Live

Waterways leisure tourism will hold a meeting of the Board of Directors of the Company on 22 July 2026.

Waterways leisure tourism will hold a meeting of the Board of Directors of the Company on 10 July 2026.

The announcement was made after market hours on Monday, 6 July 2026. Shares of Waterways Leisure Toursim entered into stock market on 1 July 2026. The stock listed at Rs 690, marking a discount of 14.6% to the issue price. The company's initial public offering (IPO) was subscribed 1.67 times, receiving bids for 69.84 lakh shares against 41.84 lakh shares on offer. The IPO was open for subscription from 23 June to 25 June 2026, with a price band of Rs 769-808 per share. The issue comprised a fresh issue of equity shares aggregating Rs 585 crore, with no offer-for-sale (OFS) component. Waterways Leisure Tourism operates under the Cordelia Cruises brand. The company offers cruise services across major Indian coastal destinations and select international routes through its flagship vessel, MV Empress. For FY26, the company reported a consolidated net profit of Rs 52.14 crore on revenue from operations of Rs 579.75 crore.Powered by Capital Market - Live

The stock debuted at Rs 690, marking a discount of 14.6% to the issue price. So far, the stock has hit a high of Rs 722 and a low of Rs 690. On the BSE, over 1.51 lakh shares of the company were traded in the counter so far. The initial public offer of Waterways Leisure Tourism received bids for 69,84,666 shares as against 41,84,004 shares on offer. The issue was subscribed 1.67 times. The issue opened for bidding on 23 June 2026 and it closed on 25 June 2026. The price band of the IPO is fixed between Rs 769 and 808 per share. The IPO consisted entirely of a fresh issue of shares worth Rs 585 crore, with no offer-for-sale (OFS) component. At the upper end of the price band, the company was expected to be valued at Rs 5,849.48 crore post listing. The company proposed to use Rs 480 crore from the net proceeds to make lease payments to its step-down subsidiary, Baycruise Shipping and Leasing (IFSC). A portion of the proceeds was also earmarked for general corporate purposes. Waterways Leisure Tourism, operating under the Cordelia Cruises brand, is India's leading domestic ocean cruise operator. The company offers cruise services across major Indian coastal destinations and select international routes through its flagship vessel, MV Empress. As of March 2026, more than 7.3 lakh guests have sailed with Cordelia Cruises, making it one of the largest players in India's cruise tourism sector. The company focuses on delivering an India-centric cruise experience through local cuisine, entertainment, and curated coastal itineraries. It accounted for around 79% of India's cruise market by value in FY25 and plans to expand its fleet with two additional vessels by FY2028. Ahead of the IPO, Waterways Leisure Tourism, on 22 June 2026, raised Rs 263.25 crore from anchor investors. The board allotted 32.58 lakh shares at Rs 808 each to 11 anchor investors. The firm reported a consolidated net profit of Rs 52.14 crore and sales of Rs 579.75 crore for the twelve months ended on 31 March 2026.Powered by Capital Market - Live