Leela Palaces Hotels & Resorts Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹21,181 Cr
- P/E
- 45.20
- ROE
- 8.21%
- PEG
- 0.43
- Price to sales
- 12.42
- Debt to equity
- 0.28
- 52W high / low
- ₹640 / ₹390
- EBITDA margin
- 47.20%
- Net profit margin
- 26.76%
- Promoter holding
- 75.91%
- Sales (last year)
- ₹1,706 Cr
Guidance scorecard · Q2 FY27 call
What Leela Palaces Hotels's management guided
and where it ranks in Leisure Services
RevenueQ2 FY27 call
20–40%- The company expects sustained growth rather than episodic growth, as indicated by strong Q2 and H1 FY27 performance.
- Operating revenue grew 33% YoY in Q2 FY27, with every revenue stream growing over 20%.
- Room revenue increased 39%, driven by ADR gains, occupancy improvements, and contributions from new assets like Coorg.
- F&B revenue and management fees show strong momentum (21% and 76% growth respectively in Q2).
- Expansion includes over 1,000 keys under development across multiple marquee destinations, supporting future revenue growth.
- Direct bookings contribution to room revenue has increased significantly, improving margins and guest engagement.
- The company maintains guidance of mid-to-high teens EBITDA growth for FY27 and expects a strong closing quarter.
2 more points from Leela Palaces Hotels's call on revenue
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MarginsQ2 FY27 call
FlatSee what Leela Palaces Hotels said on margins — free account, 30 seconds.
CapexQ2 FY27 call
Planned- Dubai Palm Jumeirah hotel under renovation starting early FY28, renovation to take 12 months
- Continued investment in own development ecosystem for quality control and brand standards across projects
FundraisingQ2 FY27 call
PlannedSee what Leela Palaces Hotels said on fundraising — free account, 30 seconds.
Order bookQ2 FY27 call
- Pending and contracted capex for five pipeline projects (Agra, Srinagar, Ayodhya, Ranthambore, Bandhavgarh) is around INR 1,432 crores.
- Spent approximately INR 150 crores so far on these projects.
- INR 450 crores expected to be spent by end of the current year.
- INR 600 crores planned for the next year.
- Remaining capex to follow after that.
2 more points from Leela Palaces Hotels's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Leisure Services
on management's own guidance
- Jubilant Foodworks LtdGood growth2
- Landmark Global Learning LtdGood growth1
- Le Travenues Technology LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Leisure Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Landmark Global Learning Ltd | 20–40% | Up 2%+ | ₹21 Cr | — |
| 2 | Jubilant Foodworks Ltd | 20–40% | Flat | ₹27,579 Cr | 72.4 |
| 3 | Le Travenues Technology Ltd | 20–40% | Flat | ₹6,423 Cr | 54.1 |
| 4 | 20–40% | Flat | ₹6,285 Cr | 2553.3 | |
| 5 | 20–40% | Flat | ₹4,827 Cr | 20.4 | |
| 6 | 20–40% | Flat | ₹2,741 Cr | 215.1 |
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Pro shows every company guiding 40%+ revenue growth →Full Leisure Services rankingFinancials of Leela Palaces Hotels
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Leela Palaces Hotels
Shareholding breakup across reporting periods.
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Promoters + | 75.91% | 75.91% | 75.91% | 75.91% | 75.91% | 75.91% |
| FIIs + | 8.65% | 8.50% | 9.02% | 8.62% | 7.87% | 7.22% |
| DIIs + | 9.94% | 11.08% | 10.58% | 10.51% | 11.51% | 12.83% |
| Public + | 5.51% | 4.51% | 4.49% | 4.96% | 4.71% | 4.06% |
| No. of Shareholders | 90,898 | 59,930 | 52,887 | 51,427 | 56,090 | 51,416 |
Financials of Leela Palaces Hotels
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 228 | 277 | 370 | 425 | 275 | 311 | 457 | 484 | 352 | 412 |
| Expenses + | 162 | 163 | 184 | 198 | 173 | 175 | 222 | 219 | 224 | 236 |
| Operating Profit | 66 | 114 | 187 | 227 | 101 | 136 | 235 | 266 | 128 | 176 |
| OPM % | 29% | 41% | 50% | 53% | 37% | 44% | 51% | 55% | 36% | 43% |
| Other Income + | 12 | 23 | 33 | 38 | 27 | 23 | 7 | 10 | 9 | 6 |
| Interest | 119 | 122 | 117 | 99 | 86 | 38 | 39 | 40 | 39 | 38 |
| Depreciation | 38 | 39 | 31 | 31 | 26 | 27 | 29 | 30 | 33 | 34 |
| Profit before tax | -79 | -25 | 71 | 135 | 16 | 93 | 174 | 206 | 64 | 110 |
| Tax % | -5% | 107% | 21% | 13% | 45% | 20% | 15% | 17% | 24% | 14% |
| Net Profit + | -75 | -51 | 56 | 117 | 9 | 75 | 148 | 172 | 49 | 95 |
| EPS in Rs | 4.25 | 0.26 | 2.24 | 4.43 | 5.14 | 1.46 | 2.83 |
Financials of Leela Palaces Hotels
Profit & Loss
Annual income statement trend
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales + | 860 | 1,171 | 1,301 | 1,527 | 1,706 |
| Expenses + | 479 | 623 | 706 | 787 | 901 |
| Operating Profit | 381 | 548 | 595 | 741 | 805 |
| OPM % | 44% | 47% | 46% | 48% | 47% |
| Other Income + | 43 | 55 | 106 | 64 | 32 |
| Interest | 360 | 436 | 459 | 204 | 157 |
| Depreciation | 125 | 148 | 140 | 113 | 126 |
| Profit before tax | -61 | 19 | 102 | 488 | 554 |
| Tax % | 2% | 111% | 53% | 17% | |
| Net Profit + | -62 | -2 | 48 | 403 | 463 |
| EPS in Rs | 1.73 | 12.07 | 13.86 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Leela Palaces Hotels
Balance Sheet
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 276 | 334 | 334 |
| Reserves | -2,532 | -2,846 | 3,280 | 6,070 | 6,222 |
| Borrowings + | 3,883 | 4,453 | 4,142 | 1,811 | 1,817 |
| Other Liabilities + | 4,504 | 5,434 | 568 | 709 | 796 |
| Total Liabilities | 5,876 | 7,062 | 8,266 | 8,924 | 9,169 |
| Fixed Assets + | 5,259 | 6,212 | 6,305 | 7,208 | 8,071 |
| CWIP | 27 | 39 | 131 | 229 | 175 |
| Investments | 0 | 0 | 14 | 646 | 0 |
| Other Assets + | 589 | 811 | 1,816 | 841 | 923 |
| Total Assets | 5,876 | 7,062 | 8,266 | 8,924 | 9,169 |
Financials of Leela Palaces Hotels
Cash Flows
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 318 | 539 | 553 | 777 |
| Cash from Investing Activity + | -85 | -786 | -5,730 | -637 |
| Cash from Financing Activity + | -318 | 147 | 5,236 | -170 |
| Net Cash Flow | -84 | -100 | 59 | -30 |
| Free Cash Flow | 233 | 419 | 345 | 262 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 86% | 104% | 95% | 111% |
Financials of Leela Palaces Hotels
Ratios
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 30 | 23 | 25 | 19 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 30 | 23 | 25 | 19 |
| Working Capital Days | -65 | -1,666 | -76 | -66 |
| ROCE % | 30% | 12% | 9% |
Guidance history
How Leela Palaces Hotels's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY27 call → | 20–40% | Flat | Planned | Planned | — |
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
88 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +45.4% | 84% |
| Last 6 months | +48.1% | 89% |
| Last 3 months | +28.2% | 92% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Leela Palaces Hotels: 0.4 × 84 + 0.4 × 89 + 0.2 × 92 = 88.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Leela Palaces Hotels's management said in earlier quarters
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