Cordelia Cruises operator posts 8% Q1 revenue growth; profit falls 34% YoY
Waterways Leisure Tourism, which operates Cordelia Cruises, reported Q1 revenue from operations of ₹190 crore, up 8% year-on-year and 23% sequentially. Net profit rose 28% quarter-on-quarter to ₹23 crore but was 34% below the year-ago period. The board also approved a proposed 1:10 stock split.
Cordelia Cruises operator Waterways Leisure Tourism reported Rs 23 crore Q1 net profit, up 28% sequentially but down 34% year-on-year. Revenue rose 8% year-on-year to Rs 190 crore. The board has approved a proposed 1:10 stock split.
Why this matters
The earnings update follows Waterways Leisure's proposed and approved 1:10 stock split to improve retail investor affordability, after the Cordelia Cruises operator hit two straight 10% upper circuits.
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