Leela Palaces Q1 FY27: Revenue ₹352 crore, PAT up 460%

What Leela Palaces reported for Q1 FY27

Leela Palaces Hotels & Resorts Ltd disclosed its Q1 FY27 (quarter ended June 30, 2026) performance with a sharp split between year-on-year growth and quarter-on-quarter contraction. Consolidated revenue for the quarter stood at ₹351.96 crore. Consolidated net profit came in at ₹48.76 crore, as cited in the company’s quarterly summary.

The update is notable for two reasons. First, the year-on-year growth rates were steep across profit lines, indicating a much stronger base than the same period last year. Second, the quarter-on-quarter comparisons showed a sharp pullback from the immediately preceding quarter.

Revenue: up year-on-year, down sequentially

Revenue for Q1 FY27 stood at ₹351.96 crore. This represented a 28.08% year-on-year (YoY) growth, according to the results summary. But on a quarter-on-quarter (QoQ) basis, revenue declined 27.34% from ₹484.42 crore.

Elsewhere in the provided information, Q1 FY27 operating revenue is also referenced as roughly ₹352 crore, and as ₹3,519.56 million, which is consistent with ₹351.96 crore when converted. Another line mentions total revenue of ₹360.50 crore, indicating that different summaries may be referring to slightly different “revenue” definitions or reporting scopes.

Operating profit and PBDT: sequential pressure

Operating profit for Q1 FY27 stood at ₹127.77 crore. The summary notes a 51.90% QoQ decline from ₹265.66 crore, while still recording a 25.97% YoY growth.

Profit before depreciation and tax (PBDT) for the quarter was ₹97.02 crore. This was down 58.83% QoQ from ₹235.64 crore. On a YoY basis, PBDT rose 130.67%, as stated in the Q1 summary.

PBT and net profit: YoY surge, QoQ drop

Profit before tax (PBT) was ₹64.35 crore in Q1 FY27. This represented a 68.73% QoQ decrease from ₹205.77 crore. The year-on-year growth for PBT was reported at 310.13%.

Net profit stood at ₹48.76 crore. This was down 71.60% QoQ from ₹171.72 crore, while showing a 459.82% YoY increase for the same year, as per the summary. The Hindi wire copy also cited consolidated net profit of about ₹49 crore for Q1 FY27 and a sequential decline of about 71.46% from ₹171.7 crore in the preceding quarter.

Operating metrics: margin, RevPAR, ADR and occupancy

Alongside financials, the company highlighted operating indicators for the June 2026 quarter. Operating EBITDA increased 41% YoY to ₹143.40 crore, with an operating EBITDA margin of 41%, described as its highest-ever Q1 EBITDA margin.

The company also reported RevPAR growth of 17% YoY to ₹13,982. Average Daily Rate (ADR) increased 10% YoY to ₹20,722. Occupancy improved to 67.5% in the quarter, with one summary noting a 3.9 percentage point increase.

Portfolio actions and investment approval

During the quarter, the company expanded its luxury portfolio by launching The Leela Coorg Forest Sanctuary, opening a second ARQ by The Leela club in New Delhi, and signing a concession agreement for a 30-key wildlife resort at Tadoba Tiger Reserve in Maharashtra.

Separately, the board approved an investment of up to ₹120 crore in Schloss Tadoba, a wholly-owned subsidiary of the company, as mentioned in the provided reporting.

Q2 FY27 snapshot: revenue ₹411.9 crore and EBITDA margin 46%

A separate update in the provided text refers to the quarter ended September 30, 2026 (Q2 FY27). For that quarter, operating revenue was reported at ₹411.9 crore, a 33% year-on-year increase. Profit for the period grew 27% to ₹94.6 crore.

Operating EBITDA for Q2 FY27 increased 36% to ₹187.7 crore. The operating EBITDA margin stood at 46%, up 118 basis points year-on-year. The company also reported that RevPAR rose 30% YoY to ₹17,225, while room revenue grew 39% and food and beverage revenue grew 21%. Hotel management agreement (HMA) fees increased 76%, attributed to higher managed properties, and non-room revenue contributed over 50% of total revenue in the first half of FY27.

Key dates and compliance timeline

The company’s disclosures referenced board meetings tied to results approvals. A board meeting was scheduled for July 31, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

For the September 2026 quarter, one note said the Q2 FY27 results date was not confirmed as of September 17, 2026, while also pointing out that Indian listing rules require publication within 45 days of quarter-end, setting an outer deadline of November 14, 2026. Another update indicated a board meeting on October 14, 2026 to approve unaudited results for the quarter and half-year ended September 30, 2026, along with a trading window closure from October 1 until 48 hours after the results declaration.

Key financial and operating data at a glance

Why the mix of YoY strength and QoQ decline matters

The Q1 FY27 picture, based on the provided data, is a combination of strong year-on-year growth and a significant sequential decline across revenue and profit lines. The operating metrics shared for the June quarter, including a 41% EBITDA margin and improved RevPAR, ADR and occupancy, suggest the company is tracking operational improvements year-on-year.

At the same time, the QoQ declines shown in the summary indicate that the immediately preceding quarter delivered unusually higher reported revenue and profits, and Q1 FY27 was weaker on that sequential comparison. Investors typically watch whether such sequential declines reflect seasonality, one-off items in the prior quarter, or changes in demand mix, although the provided text does not specify the reasons.

Conclusion

Leela Palaces’ Q1 FY27 results showed revenue of ₹351.96 crore and net profit of ₹48.76 crore, with high year-on-year growth rates but sharp quarter-on-quarter declines from the prior quarter’s levels. The company also flagged operating improvements during the June quarter and later reported strong year-on-year growth for the quarter ended September 30, 2026. The next key milestone, as indicated, is the board-led approval and publication of quarter and half-year numbers tied to the September 2026 period, within the regulatory reporting timeline.