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Cordelia Cruises Operator Posts Profit, Boosted by One-Off Gain

Waterways Leisure Tourism runs Cordelia Cruises.

It earned ₹54.4 crore in the quarter ending September 30, after losing money in the same quarter last year.

Its revenue also increased.

The company’s operating performance improved, and EBITDA moved from a loss to a profit.

Its reported profit included a one-time ₹49.5 crore payment.

The payment was compensation linked to the vessel Sky arriving earlier than planned.

For the six months ending September 30, the company also reported higher profit and revenue than a year earlier.

It said it made a loan and paid lease rentals to help with vessels.

Key facts

Quarterly net profit: ₹54.4 crore, compared with a net loss of ₹8.9 crore in the same quarter last year
Quarterly revenue from operations: ₹133 crore, up 30.9% year-on-year
Quarterly EBITDA: ₹9.7 crore, compared with a loss of ₹6.5 crore a year earlier
Exceptional gain: ₹49.5 crore for compensation connected to early delivery of the vessel Sky
Half-year net profit: ₹81.3 crore, compared with ₹25.8 crore in the same period last year
Half-year revenue: ₹323 crore, compared with ₹277.9 crore
Loan and lease rentals: ₹429 crore loan advanced to a third party for vessel acquisition; $24.8 million in lease rentals advanced toward Sky and Sun

CNBC TV 18 · 5 hrs ago