Shares of Waterways Leisure Tourism Ltd, the operator of Cordelia Cruises, came under selling pressure on Thursday after the company announced its first quarterly earnings since listing on the stock exchanges.

The company reported a net profit of ₹23 crore for the quarter ended June 2026 (Q1FY27), registering a 28% sequential increase from ₹18 crore reported in the March quarter. However, profit declined 34% year-on-year compared to ₹35 crore recorded in the corresponding quarter of the previous financial year.

Revenue from operations witnessed healthy growth during the quarter. The company posted revenue of ₹190 crore, reflecting an 8% year-on-year increase from ₹176 crore in the June quarter last year. On a sequential basis, revenue surged 23% from ₹154 crore reported in the March quarter.

Following the earnings announcement, investor sentiment remained weak. At around 9:40 AM, the company’s shares were trading at ₹847.80 on the NSE, down 7.10% or ₹64.80. On the BSE, the stock was quoted at ₹850, declining 6.76% or ₹61.65.

Meanwhile, Waterways Leisure Tourism recently announced that its Board of Directors has approved a 1:10 stock split, subject to shareholder and regulatory approvals. Under the proposal, every one equity share with a face value of ₹10 will be subdivided into ten equity shares with a face value of ₹1 each. The company expects the process to be completed within approximately three months after obtaining the necessary approvals.

The company also informed the exchanges that, prior to the stock split, its authorised share capital stands at ₹100.05 crore, comprising 10,00,50,000 equity shares with a face value of ₹10 each.

The proposed stock split is aimed at improving liquidity and making the stock more accessible to a wider base of retail investors, while the market will continue to monitor the company’s earnings trajectory and growth in the cruise tourism business.