Newly Listed Cordelia Cruises Shares In Focus On Q1 Results Update; Check Net Profit And Revenue

Waterways Leisure Tourism's newly listed shares remained in focus in intraday trade on Thursday as the Cordelia Cruises operator announced its earnings report for the first quarter of the current financial year (Q1 FY26). According to an exchange filing, the company posted a consolidated net profit of Rs 22.7 crore for the quarter under review and revenue from operations stood at Rs 190.11 crore.

Sequentially, the net profit rose 28 per cent from Rs 18 crore, while revenue increased 23 per cent from Rs 154 crore reported in the January- March quarter.

However, on a year-on-year (YoY) basis, the company's net profit declined by 34 per cent from Rs 35 crore recorded in the same quarter last year.

Waterways Tourism Share Price Today

The company shares, which made their listing earlier this month, traded sharply lower as the company's profit fell on a year-on-year basis. Last seen, the stock was trading 9 per cent or Rs 83 down to Rs 829.20 on NSE. Despite today's fall, the Cordelia shares were trading 24 per cent higher from the IPO price.

The Rs 585 crore initial share sale of Cordelia Cruises operator was o concluded on June 25. The price band for the shares were fixed at Rs 769-808 per share, and investors had to buy a lot of 18 shares, requiring an amount of Rs 14,544, to place a bid.

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Proposed stock split

Earlier, the operator of Cordelia Cruises announced approval of a proposal to subdivide its stock. According to an official statement through an exchange filing, the subdivision or stock split has the aim to bring the share price more affordable and attractive for investors, enhancing liquidity.

Stock Split

As per the details, the company's management has approved a 1:10 share split. This means that each fully paid-up equity share of the company has a face value of Rs. 10 and will be divided into 10 fully paid equity shares. 1 each.

However, this requires shareholder approval. Furthermore, once the necessary approvals are obtained, the Company will announce a date of record for the determination of shareholder eligibility.

According to a statement filed with the stock exchange, the company expects to complete the entire process within three months from the date of approval, subject to necessary regulatory approvals.

Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.