Sterling reports Q3 FY26 financial results

Sterling Holiday Resorts reports Q3 FY26 financial performance

Sterling Holiday Resorts Ltd has announced its financial results for the third quarter of FY26, reporting growth in revenue, EBITDA and profit before tax, while extending its run of profitable quarters to 24.

For the quarter, Sterling reported total revenue of ₹1,582 million, up 10% year over year. EBITDA margin stood at 36% for the period. The company continues to operate with a debt-free balance sheet, with cash reserves increasing 54% year-on-year.

Sterling has significantly expanded its resort portfolio over the past three years, adding more than one resort per month. The company stated that its growth strategy focuses on disciplined expansion and cost management across owned and managed properties.

The company also highlighted its ability to stabilise newly launched resorts within one to two quarters, supporting faster revenue contribution.

Sterling’s proprietary digital platform, Sterling ONE, continues to support distribution, particularly across Tier 2 and Tier 3 markets, enabling direct bookings and customer engagement.

With its current cash position and no debt, the company has continued investing in property enhancements, including themed suites, speciality dining outlets, wellness and spa facilities, and curated on-property experiences.

Guest satisfaction indicators improved during the quarter, with TripAdvisor rating rising from 4.55 to 4.61.

Commenting on the results, Managing Director and CEO Vikram Lalvani said the company’s performance reflects growth in inventory, improved yield management and balance sheet strength. He added that domestic travel demand in India remains supportive, and the company expects continued momentum in the second half of FY26, supported by network expansion and digital capabilities.