Leela Palaces Q3FY26: PAT ₹148cr, revenue up 21%

Earnings calendar and what investors are tracking

Leela Palaces Hotels and Resorts has an earnings update expected on 28/04/2026, as per the schedule cited in the shared data. The latest detailed numbers available relate to the quarter ended December 31, 2025 (Q3FY26). For the luxury hotel operator, Q3FY26 marks a sharp year-on-year jump in profit alongside double-digit operating growth. The company also highlighted operating metrics such as occupancy, average daily rate (ADR), and RevPAR, which help investors assess demand and pricing.

Market interest has also been supported by active stock movement data shared alongside the results. One snapshot shows the stock at ₹409.60, up 0.84% on the day, with 1-month performance of -9.69% and 1-year returns of -5.96%. Another trading update referenced BSE pricing at ₹451.60 versus a previous close of ₹438.80, indicating that the stock reacted on results day as well. These figures reflect different timestamps, but together they show how the market has been digesting the earnings release.

Q3FY26 headline numbers: profit and revenue jump

For Q3FY26, Leela Palaces Hotels and Resorts reported consolidated profit after tax (PAT) of ₹147.88 crore, more than doubling from ₹56.40 crore in the year-ago quarter. Revenue from operations for the quarter came in at ₹457.43 crore compared with ₹370.46 crore in the corresponding quarter last year, as per the regulatory filing referenced in the text. Total expenses rose to ₹219.60 crore from ₹183.51 crore, showing cost growth alongside revenue expansion.

The company also reported operating EBITDA of ₹237.8 crore, up 23% year-on-year, with operating EBITDA margin at 52%. Another summary in the provided data cited EBITDA at ₹238 crore with margin expansion to 52.00% from 50.46%. The profit growth was also presented as a 162% year-on-year rise to ₹147.9 crore, aligning closely with the ₹147.88 crore consolidated PAT figure.

Operating metrics: occupancy, ADR, and RevPAR

Along with financials, the company disclosed key hotel performance indicators for Q3FY26. Occupancy was reported at 71%, up 2% year-on-year. ADR was ₹30,337, up 17% year-on-year. RevPAR was ₹21,551, up 20% year-on-year.

These metrics are important because they separate demand (occupancy) from pricing (ADR). RevPAR combines both, offering a single view of how effectively the room inventory is being monetised. The company stated this was its fifth consecutive quarter of double-digit RevPAR and EBITDA growth.

Management commentary and strategic updates

The whole-time director and CEO, Anuraag Bhatnagar, said the company delivered its “best-ever quarterly performance” in Q3FY26, with total operating revenue growing 21% to ₹457.4 crore. The statement also claimed Leela materially outpaced India’s luxury industry by nearly 2.7 times on a year-to-date basis, as presented in the text.

On strategy, management pointed to “disciplined, capital-efficient growth” and announced the signing of a management agreement for The Leela Jaisalmer. The company also referred to its “first international strategic investment in Dubai,” indicating a step outside the domestic market.

Labour codes: exceptional item in Q3 and nine-month results

One notable disclosure in the results was the “incremental impact” of four Labour Codes notified by the central government in November. The company presented this impact under “Exceptional Items” amounting to ₹6.4 crore in the consolidated financial results for the quarter and the nine months ended December 31, 2025, based on its assessment mentioned in the text.

For investors, exceptional items matter because they can affect reported profitability but may not reflect ongoing operating performance. The company’s decision to separately flag this impact provides additional context for comparing periods.

Nine-month performance to December 31, 2025

For the nine months ended December 31, Leela reported a 19% rise in revenue from operations to ₹1,043 crore, while core earnings increased 24% to ₹540 crore, as per the text. Another results summary gave operating revenue of ₹1,042.9 crore (₹10,429 million), up 16% year-on-year, and operating EBITDA of ₹477.2 crore (₹4,772 million), up 22% year-on-year. The operating EBITDA margin for the nine months was reported at 46%, with an expansion of 231 basis points.

The nine-month PAT was presented as ₹231.3 crore (₹2,313 million). Separately, a “Stock Report” dataset stated the company posted net profit of ₹231.364 crore for the nine months ended December 31, 2025, versus a loss of ₹69.679 crore in the comparable period the previous year.

Quarterly income, EPS, and sequential comparison

The “Stock Report” dataset also disclosed total income of ₹470.855 crore for the period ended December 31, 2025, compared with ₹333.446 crore for the period ended September 30, 2025. Net profit rose sequentially to ₹147.881 crore from ₹74.717 crore, and EPS increased to ₹4.54 from ₹2.35.

For year-on-year comparison on total income, the same dataset reported ₹470.855 crore for the quarter ended December 31, 2025 versus ₹403.503 crore for the quarter ended December 31, 2024. These numbers help triangulate performance beyond revenue from operations, but readers should note that “total income” and “revenue from operations” can differ based on other income lines.

Key reported metrics at a glance

Stock snapshots and trading details cited

Two separate stock snapshots were included in the provided material. One showed Leela Palaces Hotels and Resorts at ₹409.60, up 0.84% for the day, with 1-month performance at -9.69% and 1-year returns at -5.96%. Another update stated the stock was last trading on BSE at ₹451.60 versus a previous close of ₹438.80, with an intraday high of ₹453.85 and intraday low of ₹436.05. It also reported 10,250 shares traded in 517 trades and net turnover of ₹45,85,442.

These reported figures indicate active interest around the earnings period, although the price points reflect different moments in time.

Why the Q3FY26 print matters for the luxury hotel segment

The Q3FY26 numbers show Leela translating demand and pricing into profitability, with PAT rising faster than revenue. The 52% operating EBITDA margin and its year-on-year improvement, as reported, indicates operating leverage and cost discipline during the quarter. The company’s disclosure of occupancy, ADR, and RevPAR also gives investors a clearer view of how growth is being generated.

At the same time, the results highlight that expenses rose in absolute terms, and the company separately flagged a ₹6.4 crore exceptional item tied to labour code impact. For readers comparing periods, it is useful to track both the operating line items and the exceptional adjustments disclosed.

Conclusion

Leela Palaces Hotels and Resorts reported Q3FY26 consolidated PAT of ₹147.88 crore on revenue from operations of ₹457.43 crore, alongside a 52% operating EBITDA margin and occupancy of 71%. The company also disclosed a ₹6.4 crore exceptional item related to labour codes and outlined growth steps including The Leela Jaisalmer management agreement and a strategic investment in Dubai. The next scheduled earnings update is expected on 28/04/2026, which will be a key checkpoint for whether the operating momentum continues.