Leela Palaces Hotels
Leela Palaces Hotels Q2 FY27 earnings call: Revenue & Margins
Q2 FY27 earnings call: what management guided on revenue, margins and order book.
Based on our transcription of the Q2 FY27 call recording. The company has not filed its transcript yet; this page will switch to it when it does.
What the Q2 FY27 call signalled
2 of 3 strong
The short version
Strong growth momentum with Q2 FY27 operating revenue up 33% YoY and H1 FY27 revenue growth of 30%. The company expects mid to high teens EBITDA growth for the full year FY27, with strong momentum continuing into H2, which accounts for around 65% of annual business.
From Leela Palaces Hotels's Q2 FY27 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Strong growth momentum with Q2 FY27 operating revenue up 33% YoY and H1 FY27 revenue growth of 30%.
- Continued double-digit growth expected in revenue, with mid to high teens guidance for EBITDA and revenue growth for FY27.
- Robust pipeline with over 1,000 keys under development across marquee destinations, many opening across FY27 to FY30.
- Expansion into new verticals including luxury residences and clubs to unlock new revenue streams.
- Focus on both owned and managed assets targeting approximately 5,200 keys by FY30, split roughly 50-50 between owned and managed.
- Strategic international market expansion planned, with focus on emerging luxury destinations like Goa, Kolkata, and Pune.
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Profitability & Margins
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Capital Expenditure Plans
- Capex for five contracted pipeline hotels (Agra, Srinagar, etc.):
- ~150 crores spent by end of FY27
- ~450 crores to be spent this year (FY27)
- ~600 crores planned for next year
- Projects under development with more than 1,000 keys in marquee destinations including Srinagar, Mandavgad, Sikkim, Ayodhya, Agra, Ransambur, Tadoba, and DKC Mumbai.
- Mumbai project (DKC Mumbai) with a committed capital cost of 800 crores; plans to de-invest office stake and increase hotel stake, potentially increasing capital commitment.
- Own hotel developments:
- Jaisalmer and Leela Luxury Residences opening FY27
- Srinagar and Bandargarh opening end CY27
- Multiple openings including Agra, Ayodhya, Ranthambore, Ghor, and Sikkim in CY28
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Fundraising & Capital Structure
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Order Book & Pipeline
- Leela Palaces Hotels & Resorts currently has a contracted pipeline of over 5,200 keys by FY30.
- Of these, approximately 2,600 keys will be under ownership, indicating a roughly 50-50 split between owned and managed properties.
- Five contracted pipeline projects (Agra, Srinagar, among others) involve around ₹150 crores of capex by the end of this year.
- Planned capex includes ₹450 crores in the next financial year and around ₹600 crores the following year.
- The company has multiple new hotel openings scheduled: two owned assets in FY27, three assets in FY28, and major openings including Agra, Ayodhya, Ranthambur, Ghor, and Sikkim in FY28.
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Leela Palaces Hotels — Quarterly revenue & net profit
Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹484 Cr, net profit ₹172 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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Frequently Asked Questions
What were Leela Palaces Hotels Q2 FY27 results?
Strong growth momentum with Q2 FY27 operating revenue up 33% YoY and H1 FY27 revenue growth of 30%. The company expects mid to high teens EBITDA growth for the full year FY27, with strong momentum continuing into H2, which accounts for around 65% of annual business.
What is Leela Palaces Hotels share price analysis?
Leela Palaces Hotels currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 44.4 with a market cap of ₹19,921 Cr. Investors should review the full earnings analysis for detailed insights.
Is Leela Palaces Hotels planning capital expenditure?
Capex for five contracted pipeline hotels (Agra, Srinagar, etc.): - ~150 crores spent by end of FY27 - ~450 crores to be spent this year (FY27) - ~600 crores planned for next year - Projects under development with more than 1,000 keys in marquee destinations including Srinagar, Mandavgad, Sikkim, Ayodhya, Agra, Ransambur, Tadoba, and DKC Mumbai.
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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.