Leela Palaces Hotels spurts after Q2 PAT jumps 27 YoY
Revenue from operations increased 32.58% YoY to Rs 411.87 crore from Rs 310.65 crore. It rose 17.02% QoQ from Rs 351.96 crore.
Profit before tax stood at Rs 110.39 crore in Q2 FY27, up 71.55% vs Q1 FY27 and 18.38% vs Q2 FY26.
Total expenditure increased 29.06% YoY to Rs 257.74 crore. Employee expenses rose 30.68% to Rs 95.04 crore, while raw material consumed increased 24.18% to Rs 29.79 crore. Interest costs edged up 0.89% to Rs 38.42 crore, and depreciation increased 24.49% to Rs 33.60 crore.
The company reported operating EBITDA growth of 36% to Rs 187.70 crore. Operating EBITDA margin improved by 118 basis points to 46%. RevPAR rose 30% YoY to Rs 17,225, led by a 30% increase in average daily rate (ADR) to Rs 25,046, on an expanded portfolio including Coorg.
RevPAR measures how much revenue a hotel generates per available room, including rooms that remain unoccupied. ADR measures the average price paid for rooms that are sold.
Room revenue grew 39% YoY, food and beverage revenue increased 21%, and hotel management agreement fees rose 76%. The company attributed the performance to strong demand across retail, corporate and leisure segments, higher suite occupancy and marquee events, including the BRICS Summit in Delhi.
The Leela said its pipeline comprises 1,038 keys across 10 properties. The Leela Jaisalmer and The Leela Luxury Residences in Mumbai are in the pre-opening stage, with operations planned for FY27. Net debt stood at Rs 12,150 million as of 30 September 2026, while net debt to last-twelve-month EBITDA improved to 1.4 times from 1.6 times in March 2026.
The company said it remains focused on optimising its capital structure and financing costs while preserving adequate liquidity to support its expansion pipeline and strategic initiatives.
Net cash generated from operating activities increased 51.1% year-on-year to Rs 386.51 crore in H1 FY27 from Rs 255.79 crore in H1 FY26.
The Leela Palaces, Hotels & Resorts is a luxury hospitality company backed by Brookfield, with 15 operating properties and 10 properties in its development pipeline.
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