Leela Palaces Hotels & Resorts544408Quarterly results

Q2 FY27 press release: operating revenue up 33%, operating EBITDA up 36%, PAT up 27%

Press release on unaudited results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Wed 14 Oct 2026, 2:59 PM IST · 2 min read

Operating Revenue: ₹4,119 million, up 33% YoY
Operating EBITDA: ₹1,877 million, up 36%
PAT: ₹946 million, up 27%

Q2 FY27 results snapshot

The press release accompanies the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
Operating revenue: ₹4,119 million, up 33% year on year.
Operating EBITDA: ₹1,877 million, up 36% year on year.
Profit for the period (PAT): ₹946 million, up 27% year on year.
Operating EBITDA margin: 46%, up 118 bps year on year.

Operating metrics reported for Q2 FY27

RevPAR: ₹17,225, up 30% year on year.
ADR: ₹25,046, up 30% year on year.
Occupancy: 69%, flat.
Net Promoter Score: 87.
The release states these metrics pertain to Owned Domestic Hotels, including Coorg.

Where the growth came from

Room revenue grew 39% and F&B revenue grew 21%, while HMA fees were up 76%.
Non-room revenue exceeded 50% of total revenue in H1 FY27.
The brand website contributed 15.1% of room revenue in H1 FY27, a 2.8x increase since H1 FY25.
The company states the domestic segment saw 30%+ revenue growth, with more than 700 basis points improvement in suite occupancy.
Demand is described as broad-based across retail, corporate and leisure segments, supported by marquee events such as the BRICS Summit in Delhi, and earlier events including the G20 in FY24, India Energy Week and the AI Impact Summit, with Aero India scheduled for Q4 FY27.

Expansion pipeline

A pipeline of 1,038 keys across 10 properties is stated to be progressing on schedule, spanning Wildlife, Heritage, Hill Station, Desert and Spiritual destinations.
The Leela Jaisalmer and The Leela Luxury Residences, Mumbai are in active pre-opening stage with plans to commence operations in FY27.
The portfolio comprises 15 operating properties and another 10 in the pipeline.

Balance sheet

Net debt stood at ₹12,150 million as of September 30, 2026.
Net debt to LTM EBITDA improved to 1.4x, compared with 1.6x in March 2026 and 3.7x in March 2025.

Recognition and other updates

NPS of 87 in H1 FY27 against a luxury segment benchmark of 74 in the APAC region.
Three palaces were awarded Michelin Keys for the second consecutive year; The Leela Palace New Delhi and The Leela Palace Jaipur received two Michelin keys each and The Leela Palace Chennai one.
ZLB23 was recognised among the 30 Best Bars in India.
The company states a Net Zero ambition by 2050; all Palace hotels and The Leela Coorg Forest Sanctuary are Green Building Platinum certified, and the portfolio is stated to be the largest in South-East Asia to receive an EDGE Advanced Rating.
The CSR initiative Bal Mitra Gram was recognised as a winner in the Women & Child Development category at the SICA 2026 Awards.

What this update is

This is a press release summarising the quarter's operating and financial performance, the expansion pipeline and balance-sheet position. It sets out growth in revenue, operating EBITDA and profit, operating metrics for owned domestic hotels, and a lower net debt to LTM EBITDA ratio, alongside brand, ESG and pipeline updates.

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