Leela Palaces Hotels & Resorts Ltd.
THELEELAConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
4 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 4 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20251022 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260122 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260506 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260806 | 2026-06-30 | yes |
THELEELA
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 533.20 |
| 52-week range | 389.65 – 575.35 |
| Return 1M | -3.91% |
| Return 3M | 10.19% |
| Return 1Y | 23.88% |
| Return 3Y | not reported for this period |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 352.00 |
| Other income | 9.00 |
| Total income | 361.00 |
| Cost of materials consumed | 27.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 87.00 |
| Finance costs | 39.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.76 | 0.00 |
| institutions foreign | 0.08 | -0.01 |
| institutions domestic | 0.12 | 0.01 |
| mutual funds | 0.08 | 0.01 |
| public | 0.24 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 4 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|
| Revenue from operations | 275.00 | 311.00 | 457.00 | 484.00 | 352.00 |
| Other income | 27.00 | 23.00 | 13.00 | 8.00 | 9.00 |
| Total income | 301.00 | 333.00 | 471.00 | 492.00 | 361.00 |
| Cost of materials consumed | 20.00 | 24.00 | 31.00 | 31.00 | 27.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 73.00 | 73.00 | 78.00 | 82.00 | 87.00 |
| Finance costs | 86.00 | 38.00 | 39.00 | 40.00 | 39.00 |
| Depreciation and amortisation | 26.00 | 27.00 | 29.00 | 30.00 | 33.00 |
| Other expenses | 81.00 | 76.00 | 110.00 | 107.00 | 95.00 |
| Total expenses | 286.00 | 238.00 | 288.00 | 288.00 | 281.00 |
| Profit before exceptional items and tax | 16.00 | 96.00 | 182.00 | 204.00 | 80.00 |
| Exceptional items | 0.00 | 0.00 | -6.00 | 0.00 | 0.00 |
| Profit before tax | 16.00 | 96.00 | 176.00 | 204.00 | 80.00 |
| Current tax | -0.00 | -1.00 | 14.00 | 15.00 | 15.00 |
| Deferred tax | 7.00 | 20.00 | 12.00 | 20.00 | 1.00 |
| Tax expense | 7.00 | 19.00 | 26.00 | 34.00 | 16.00 |
| Profit for the period | 9.00 | 75.00 | 148.00 | 172.00 | 49.00 |
| Profit attributable to owners | 9.00 | 75.00 | 148.00 | 26.00 | 49.00 |
| Profit attributable to non-controlling interests | -0.00 | 0.00 | 0.00 | — | -0.00 |
| Other comprehensive income | 0.00 | -0.00 | 7.00 | 26.00 | 0.00 |
| Total comprehensive income | 9.00 | 74.00 | 155.00 | 198.00 | 49.00 |
| Earnings per share, basic | 0.30 | 2.35 | 4.54 | 9.78 | 1.46 |
| Earnings per share, diluted | 0.30 | 2.35 | 4.54 | 9.78 | 1.46 |
Annual results, as filed
| Line | 2026-03-31 |
|---|---|
| Revenue from operations | 1,527.00 |
| Other income | 70.00 |
| Total income | 1,598.00 |
| Cost of materials consumed | 105.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 306.00 |
| Finance costs | 203.00 |
| Depreciation and amortisation | 113.00 |
| Other expenses | 373.00 |
| Total expenses | 1,100.00 |
| Profit before exceptional items and tax | 497.00 |
| Exceptional items | -6.00 |
| Profit before tax | 491.00 |
| Current tax | 27.00 |
| Deferred tax | 58.00 |
| Tax expense | 85.00 |
| Profit for the period | 403.00 |
| Profit attributable to owners | 33.00 |
| Other comprehensive income | 33.00 |
| Total comprehensive income | 436.00 |
| Earnings per share, basic | 12.43 |
| Earnings per share, diluted | 12.43 |
Balance sheet, as filed
| Line | 2025-09-30 | 2026-03-31 |
|---|---|---|
| Total assets | 8,583.00 | 8,924.00 |
| Non-current assets | 7,165.00 | 8,367.00 |
| Current assets | 1,418.00 | 556.00 |
| Property, plant and equipment | 5,570.00 | 6,311.00 |
| Capital work-in-progress | 228.00 | 229.00 |
| Goodwill | 467.00 | 467.00 |
| Other intangible assets | 44.00 | 429.00 |
| Inventories | 28.00 | 32.00 |
| Trade receivables | 73.00 | 0.00 |
| Cash and cash equivalents | 62.00 | 100.00 |
| Total equity and liabilities | 8,583.00 | 8,924.00 |
| Equity | 6,189.00 | 6,453.00 |
| Equity share capital | 334.00 | 334.00 |
| Other equity | 5,806.00 | 6,070.00 |
| Total liabilities | 2,394.00 | 2,471.00 |
| Non-current liabilities | 1,823.00 | 1,925.00 |
| Current liabilities | 571.00 | 546.00 |
| Borrowings, non-current | 1,227.00 | 1,315.00 |
| Borrowings, current | 234.00 | 241.00 |
| Trade payables | 137.00 | 75.00 |
Cash flow, as filed
| Line | 2025-09-30 | 2026-03-31 |
|---|---|---|
| Net cash from operating activities | 256.00 | 777.00 |
| Net cash from investing activities | -246.00 | -637.00 |
| Net cash from financing activities | -78.00 | -170.00 |
| Purchase of property, plant and equipment | 198.00 | 394.00 |
| Net increase in cash | -68.00 | -30.00 |
| con:CFO.BEFORE_TAX | 284.00 | 821.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 28.00 | 44.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 1.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 598.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2025-06-02 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|
| Promoter and promoter group | 75.91 | 75.91 | 0.76 | 0.76 | 0.76 | 0.76 |
| Domestic institutions | 8.17 | 9.93 | 0.11 | 0.11 | 0.11 | 0.12 |
| Mutual funds | — | 6.48 | 0.07 | 0.06 | 0.07 | 0.08 |
| Insurance companies | 0.89 | 1.58 | 0.02 | 0.02 | 0.02 | 0.02 |
| Foreign institutions | 8.60 | 8.66 | 0.09 | 0.09 | 0.09 | 0.08 |
| Government | — | — | 0.00 | — | — | — |
| Public | 24.09 | 24.09 | 0.24 | 0.24 | 0.24 | 0.24 |
| Non-institutional | 7.32 | 5.51 | 0.05 | 0.04 | 0.05 | 0.05 |
| Shares outstanding | 333957878 | 333957878 | 333957878 | 333957878 | 333957878 | 333957878 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-06 | Q1FY27 | Read the call | |
| 2026-05-06 | Q4FY26 | ANURAAG, RELATIONS, WHOLE-TIME | Read the call |
| 2026-01-22 | Q3FY26 | HOTELS & RESORTS LIMITED | Read the call |
| 2025-10-22 | Q2FY26 | HOTELS & RESORTS LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q1FY27 | Q2FY26 | Q3FY26 | Q4FY26 |
|---|---|---|---|---|
| Capex | So as I mentioned, all our capex projects are on track and at various stages of development as per the timelines. | Under the new structure, Leela will co-invest 50% in only the hotel with our share of CAPEX circa INR 800 crores, including land and construction. | As a reminder, our total equity investment, including the upfront investment and the future CAPEX that we plan to do, is USD 70 million. | And also if you could talk a bit about the cost inflation that you might be seeing in terms of construction cost, and then how are you looking at the … |
| Capital allocation | Now in terms of costing, generally, the cost of direct acquisition is significantly lower. | Congratulations on a good set of numbers and the new Dubai acquisition. | From your perspective, can you talk about the acquisition landscape and if you are seeing any large acquisition opportunities that may be nearing comp… | During fourth quarter of FY26, The Leela strengthened its leisure portfolio with the acquisition of 71 key ultra-luxury all-villa operational resort i… |
| Debt and cash | — | Our net debt to equity at 0.2x, reflecting a robust balance sheet and capital structure. | So, that's the gross and net debt position. | Sorry sir, I was talking about depreciation, not net debt? |
| Demand | But the domestic demand was very robust, and our business pivoted and over indexed on the domestic demand. | The Indian luxury hospitality sector has strong fundamentals with a forecasted demand-supply CAGR gap of 4.9% between FY '25 and FY '28, providing a r… | This Leela Palaces Hotels & Resorts Limited January 16, 2026 growth is enabled on the back of Leela brand's unique positioning in the industry, propri… | Our business has been rooted in the thesis that our demand is more resilient, and the previous quarter underscores the same. |
| Guidance | The international business, for which we have a very large mix, remains like a future opportunity because as the things normalize, we expect the inter… | At The Leela, our philosophy of “Atithi Devo Bhava” continues to guide everything that we do. | Driven by the strong performance in the first nine months of the financial year, we are well positioned to exceed our earlier guidance of mid-to-high … | We continue to be very nimble, keep watching the situation very closely, and keep working with agility on all the segmentation, and we expect the dome… |
| Margin | And a follow-up in terms of leverage, given that you've had four greenfield and acquisitions since your listing, what's the upper cap in terms of leve… | This transaction is being done at an attractive entry multiple of 12.8 times Calendar Year '25 EBITDA with equity payback for Leela in 2-3 years throu… | Further, our operating EBITDA margins during the quarter were at 52%, which is one of the best in the industry. | Against the backdrop of the Middle East conflict, in Q4 FY26, The Leela delivered double-digit growth in operating revenue and operating EBITDA. |
| Pricing | — | In terms of composition, retail continues to be a strength and a dominant segment, contributing 58% of the room revenue in Q2. Further, in the same qu… | The iconic nature of our hotels, the build quality of our assets, and the market dominance that we have, gives us a huge competitive advantage as we h… | This performance was underpinned by a 15% year-on-year increase in ADR, reflecting The Leela Palaces Hotels & Resorts Limited April 28, 2026 Leela's s… |
| Revenue growth | First is on the domestic room revenue growth of 25%. | For H1, RevPAR is up by 16% to INR 12,616, supported by ADR growth of 10% and occupancy improvement of 3.8 percentage points to 66%. | In this quarter, we have continued our outperformance versus the luxury industry and delivered 20% year-on-year RevPAR growth and operating EBITDA gro… | This growth was supported by approximately 13% increase in non-resident footfalls across the city hotels, reflecting the increasing relevance of The L… |