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Leela Palaces Hotels & Resorts Ltd

Q2 FY26Leisure Services

Leela Palaces Hotels & Resorts Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹562
Market cap₹16.8K Cr
P/E37.4
Updated23 Aug 2026
Read4 min read

The short version

The Leela targets mid-to-high-teen EBITDA growth for FY’26, driven by strong operating momentum and portfolio enhancements. The company expects mid-to-high-teens EBITDA growth for FY’26, driven by operating EBITDA excluding treasury income.

From Leela Palaces Hotels & Resorts Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • The Leela targets mid-to-high-teen EBITDA growth for FY’26, driven by strong operating momentum and portfolio enhancements.
  • H1 FY’26 saw 16% RevPAR growth and 18% revenue increase, with revenue expected to continue growing supported by retail, corporate, and groups segments.
  • Double-digit RevPAR growth is expected in H2 FY’26, supported by large events and increasing international business.
  • Expansion through new projects, including Dubai Palm Jumeirah and BKC Mumbai, will add approximately INR 300 crores EBITDA and deliver attractive yields.
  • Owned pipeline developments in Udaipur, Mumbai, Srinagar, Agra, Ayodhya, Ranthambore, and Bandhavgarh are expected to add incremental EBITDA of INR 250 crores by FY’30.

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Profitability & Margins

See what Leela Palaces Hotels & Resorts Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • BKC Hotel Project: Leela's capital contribution is around INR 800 crores (50% stake), including land and construction. Brookfield fully owns and funds the office side. Expected stabilized EBITDA of INR 150 crores with 16%-17% yield on cost. CAPEX to be spent over approximately 4 years, with much of it back-ended.
  • Dubai Acquisition: Leela holds a 25% stake with an equity investment of about $49 million (part of a $503 million enterprise value). Plan to sell the 182 residences to recover capital within 3 years. The 350+ keys hotel will remain with Leela and generate ongoing management fees and EBITDA.
  • Pipeline Projects: Development underway in Udaipur, Mumbai (BKC), Srinagar, Agra, Ayodhya, Ranthambore, Bandhavgarh, and luxury residences (ARQ Club). These will add incremental EBITDA (~INR 250 crores expected).

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Top-ranked in Leisure Services

Ranked on what management guided this quarter

Guidance-ranked
1Landmark Global Learning Ltd
Rev 2Mar 1
2Jubilant Foodworks Ltd
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Leela Palaces Hotels & Resorts Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Related information that can be inferred includes: - The company is actively evaluating several acquisition opportunities to grow EBITDA by INR 500 crores by FY’30. - Ongoing new project pipelines include Agra, Ayodhya, Bandhavgarh, Ranthambore, and Srinagar. - The company has made significant investments in Dubai and the BKC hotel projects, with committed CAPEX of INR 800 crores for BKC and $49 million equity for Dubai. - The BKC CAPEX will be deployed over four years, mostly back-ended.

2 more points from Leela Palaces Hotels & Resorts Ltd's call on order book

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Leela Palaces Hotels & Resorts Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹412 Cr, net profit ₹95 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Leela Palaces Hotels's management said in earlier quarters

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  • Apollo Sindoori Hotels Ltd (Q2 FY26)

    Q2 FY26 consolidated revenue: ₹150 Cr, up 10% YoY from ₹136 Cr in Q2 FY25 (Page 16, 7). Key investor presentation takeaways from Apollo Sindoori's Q2 FY26 inves

  • Sinclairs Hotels Ltd (Q2 FY26)

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Frequently Asked Questions

What were Leela Palaces Hotels & Resorts Ltd Q2 FY26 results?

The Leela targets mid-to-high-teen EBITDA growth for FY’26, driven by strong operating momentum and portfolio enhancements. The company expects mid-to-high-teens EBITDA growth for FY’26, driven by operating EBITDA excluding treasury income.

What is Leela Palaces Hotels & Resorts Ltd share price analysis?

Leela Palaces Hotels & Resorts Ltd currently shows a neutral. The stock trades at a P/E of 37.4 with a market cap of ₹16,773 Cr. Investors should review the full earnings analysis for detailed insights.

Is Leela Palaces Hotels & Resorts Ltd planning capital expenditure?

BKC Hotel Project: Leela's capital contribution is around INR 800 crores (50% stake), including land and construction.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.