Waterways Leisure Tourism shares witnessed strong buying during early morning trading on Monday, opening with an upside gap at ₹107.32 on NSE and touching an intraday high of ₹111.07 per share, representing a nearly 5% rise against Friday's close. According to Moneycontrol, the stock also witnessed a large trade involving 14.5 lakh shares, representing around 2% of its equity, worth ₹15.7 crore through block deals executed at ₹107 per share. The positive market response reflects investor confidence in the company's sustained improvement in both year-on-year and quarter-on-quarter performance metrics. At the current price, the company commands a market capitalisation of around ₹7,650 crore. The stock has gained approximately 58% since its stock market debut in July, demonstrating strong investor confidence in the company's operational turnaround.
Waterways Leisure Tourism delivered impressive financial results for the quarter ended September 30, 2026. The company posted a consolidated net profit of ₹58.49 crore compared to a net loss of ₹8.9 crore in the same quarter last year. Revenue from operations showed robust growth, rising 30.9% year-on-year to ₹132.9 crore, up from ₹101.5 crore in the corresponding quarter of the previous year. According to Moneycontrol, the company had reported a profit of ₹23 crore in the preceding June quarter, indicating sustained quarterly improvement. The quarter's profit included a significant exceptional gain of ₹49.5 crore, recorded by subsidiary Bay Cruise Investments Inc. as compensation received without obligation for the early delivery of the vessel "Sky," which arrived on September 10, ahead of its original scheduled date of September 30. Excluding this exceptional gain, the company's reported profit before tax would have been substantially lower, indicating that the headline earnings turnaround was driven largely by this one-off item.
The company's operational performance showed marked improvement across key metrics. EBITDA turned positive at ₹9.7 crore with a margin of 7.1%, compared with an EBITDA loss of ₹6.5 crore a year earlier. For the half-year ended September 30, 2026, the company reported consolidated net profit of ₹81.3 crore, significantly higher than ₹25.8 crore in the same period last year, on revenue of ₹323 crore, up from ₹277.9 crore. As per Moneycontrol, the company witnessed sustained demand across its sailings during the quarter with a load factor of 75.53%, while the average ticket price remained nearly the same year-on-year, reflecting similar demand and ticket yields. The combination of higher utilisation and ticket pricing supported the growth in ticket revenue during the quarter.
Following its successful listing on BSE and NSE on July 1, 2026, Waterways Leisure Tourism implemented a 1:10 stock split to enhance market accessibility. The shares traded ex-split on August 25, 2026 to finalise the list of eligible shareholders for the sub-division. According to the company's announcement, the stock split was intended to enhance liquidity in its shares, improve affordability for retail investors, broaden its shareholder base, and boost overall market participation. The company claimed that the stock split was expected to increase trading volume and expand the shareholder base, with no impact on the company's overall capital structure or intrinsic value. This strategic move has made the stock more accessible to retail investors and contributed to the positive market response following the Q2 results announcement.
For the half-year ended September 30, 2026, the company reported consolidated net profit of ₹81.3 crore, significantly higher than ₹25.8 crore in the same period last year, on revenue of ₹323 crore, up from ₹277.9 crore. As reported by Moneycontrol, the company maintained healthy demand across its sailings during H1 FY27, with a load factor of 91.23%. The average ticket price increased by 6% YoY, supported by sustained demand and improved ticket yields. Ticket revenue remained the primary contributor at ₹276.81 crore, while onboard and other revenue stood at ₹46 crore for the six-month period.
Waterways Leisure Tourism listed on the BSE and NSE on July 1, 2026, following its initial public offering of 72,40,099 fresh equity shares at ₹808 apiece. The company made its stock market debut at ₹681 against an IPO issue price of ₹808, a discount of nearly 16%. Shortly after listing, the company approved a 1:10 stock split, reducing the face value of each share from ₹10 to ₹1. The stock has since recovered from its discounted listing and gained approximately 58% on a split-adjusted basis, based on Monday's trading price. The company scheduled an investor conference call for October 9 to discuss its September-quarter and half-year performance. According to Choice Broking's Sumeet Bagadia, investors are advised to hold the scrip maintaining a strict stop-loss at ₹97, while fresh investors should wait for the breakout above ₹120.
