LGT Global Hospitality Ltd: H1 FY27 revenue rose 35%, PAT doubled

LGT Global Hospitality Ltd reported H1 FY27 revenue from operations of Rs 89.68 crore, 35.01% above H2 FY26, while profit after tax (PAT) attributable to owners rose 110.72% to Rs 1.93 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 72.25% to Rs 3.81 crore and EBITDA margin expanded by 92 basis points to 4.24%.

How did LGT perform in H1 FY27?

LGT delivered higher revenue, EBITDA and owner-attributable PAT in H1 FY27 than in H2 FY26. Revenue from operations increased from Rs 66.42 crore to Rs 89.68 crore, while EBITDA rose from Rs 2.21 crore to Rs 3.81 crore. PAT attributable to owners increased from Rs 91.53 lakh in H2 FY26 to Rs 1.93 crore in H1 FY27.

LGT reported total PAT of Rs 1.96 crore in H1 FY27, including Rs 1.93 crore attributable to owners, compared with total PAT of Rs 93.48 lakh and owner-attributable PAT of Rs 91.53 lakh in H2 FY26. The presentation characterises the half-on-half outcome as higher profitability and operating leverage.

Total expenses rose to Rs 87.79 crore in H1 FY27 from Rs 65.46 crore in H2 FY26, while total income increased to Rs 90.19 crore from Rs 67.04 crore. The difference resulted in profit before tax of Rs 2.40 crore, compared with Rs 1.59 crore in the preceding half-year.

What changed in LGT's costs and margins?

LGT's margins increased in H1 FY27 as EBITDA grew faster than revenue and other expenses declined. EBITDA margin rose to 4.24% from 3.33% in H2 FY26, an increase of 92 basis points. A basis point is one-hundredth of a percentage point, making the reported increase equivalent to 0.92 percentage points.

Cost of services increased to Rs 72.33 crore in H1 FY27 from Rs 53.27 crore in H2 FY26, while employee benefit expense rose to Rs 10.22 crore from Rs 7.28 crore. LGT said it had invested in talent and network expansion during the half-year, when its office network grew from nine to 14 locations.

Finance costs increased from Rs 63.40 lakh in H2 FY26 to Rs 1.05 crore in H1 FY27, and depreciation and amortisation rose from Rs 60.92 lakh to Rs 86.16 lakh. In contrast, other expenses declined by Rs 33.93 lakh to Rs 3.33 crore from Rs 3.66 crore, while revenue increased by Rs 23.26 crore.

LGT's PAT margin increased by 77 basis points to 2.15% in H1 FY27 from 1.38% in H2 FY26. Management said the result reflected the scale of its platform and corporate-client relationships, despite higher travel costs associated with geopolitical developments.

How does LGT's H1 FY27 compare with H1 FY26?

LGT's H1 FY27 revenue exceeded H1 FY26 revenue, although reported profit before tax and PAT attributable to owners were lower than a year earlier. Revenue from operations increased 27.08% to Rs 89.68 crore from Rs 70.57 crore, and total income rose to Rs 90.19 crore from Rs 70.90 crore.

PAT attributable to owners was Rs 3.70 crore in H1 FY26, compared with Rs 1.93 crore in H1 FY27. The presentation also reports total PAT of Rs 3.70 crore for H1 FY26 and Rs 1.96 crore for H1 FY27, showing that the sequential profit improvement occurred against a lower year-on-year reported profit base.

Cost of services rose to Rs 72.33 crore in H1 FY27 from Rs 56.41 crore in H1 FY26, while employee benefit expense increased to Rs 10.22 crore from Rs 6.25 crore. Finance costs rose from Rs 53.89 lakh to Rs 1.05 crore and depreciation and amortisation increased from Rs 31.86 lakh to Rs 86.16 lakh. The supplied presentation does not provide H1 FY26 EBITDA or EBITDA margin, so it does not support an equivalent year-on-year EBITDA comparison.

What has LGT outlined for H2 FY27?

LGT said it entered H2 FY27 with confirmed forward bookings of more than Rs 50 crore, which management cited as revenue visibility for the period. The presentation labels this booking figure as an “as of date” amount but does not provide a specific date, and management also referred to a robust booking pipeline.

The company added five offices during H1 FY27, taking its network to 14 in September 2026 from nine in April 2026, a 56% increase. The new locations were Nagercoil, Coimbatore, Jaipur, Indore and Vadodara, and LGT added 22 new corporate clients during the half-year.

Management expects Wilfred Collections and Hotel Stays to grow in H2 FY27, alongside contributions from the new offices and clients as locations mature. LGT also disclosed plans to build an online travel platform and upgrade its customer relationship management, mid-office and financial systems.

Management said stabilisation in the Middle East is expected to lower fuel costs and support margins in H2 FY27. This is a management expectation rather than a reported H1 FY27 result, and its outlook also depends on the stated growth plans for the accommodation businesses.

Conclusion

LGT reported a sequential rise in both scale and profitability in H1 FY27: revenue rose 35.01% to Rs 89.68 crore, EBITDA increased 72.25% to Rs 3.81 crore and owner-attributable PAT rose 110.72% to Rs 1.93 crore. EBITDA margin reached 4.24% and PAT margin reached 2.15%, compared with 3.33% and 1.38%, respectively, in H2 FY26.

The next reported period will show how much of the more than Rs 50 crore of confirmed forward bookings converts into H2 FY27 revenue. Management has identified five new offices, 22 new corporate clients, Wilfred Collections, Hotel Stays and anticipated easing of fuel-cost pressure as factors expected to influence H2 growth and margins.