THELEELA
Leela Palaces Hotels & Resorts share price & financials
- Price
- ₹485.65
- Market cap
- ₹17.3k Cr
- Sector
- Consumer Services
- Calls analysed
- 6
Leela Palaces Hotels & Resorts Limited Q1 FY27
What went well
- Operating revenue increased by 28% year-on-year to INR 3,520 million (352 crores).
- Operating EBITDA grew 41% year-on-year to INR 1,434 million (143.4 crores), resulting in a record first-quarter EBITDA margin of 41%.
- RevPAR growth was robust at 17%, driven by a 10% increase in ADR and a 4 percentage point improvement in occupancy to 67.5%.
What to watch
- A loss of INR 156 million (15.6 crores) was booked from the Dubai JV due to interest on asset-level debt and depreciation, despite the asset being operationally break-even.
- The West Asia conflict caused a temporary slowdown in international tourist arrivals, impacting inbound and outbound travel demand since March.
What Leela Palaces Hotels & Resorts Limited does
Leela Palaces Hotels & Resorts (formerly Schloss Bangalore) owns, manages and franchises luxury hotels under 'The Leela' brand, earning revenue from rooms, food & beverage, and hotel-management (HMA) fees. Founded in 1986 by Capt. C.P. Krishnan Nair and backed by Brookfield, it operates palace and resort properties across major Indian cities and has taken an equity stake in a Dubai hotel to be rebranded as The Leela. Beyond hotel rooms, it runs proprietary lifestyle offerings including a wellness programme, a signature fragrance line and an invitation-only private club.
Segments
- Room Revenue
- Food & Beverage (F&B) Revenue
- HMA Fees
- Other Operational Services Revenue
- Operational hotels
- 14
- Operational keys (rooms)
- 4,090
- Total portfolio incl. pipeline
- 23 properties / 5,136 keys
- Hotels under development
- 9 hotels / 1,046 keys
- Geographic footprint
- 11+ Indian cities (Delhi NCR, Bengaluru, Chennai, Mumbai, Hyderabad, Udaipur, Jaipur, Gandhinagar, Kovalam/Ashtamudi and more) plus an international foothold in Dubai
- Majority sponsor/owner
- Brookfield
Guidance record · Q1 FY27
what the last two calls moved 24 tracked 6 delivered 0 missed 18 open- Q1 FY27 Revenue Growth delivered said Q4 FY26 Promised: double-digit growth Q1 FY27: Achieved 28% YoY growth in operating revenue for Q1 FY27, exceeding the double-digit target.
- Dubai Project Equity Payback at risk said Q2 FY26 Promised: Full equity recovery in 2-3 years via residence sales Q1 FY27: Management reported an accounting loss from the Dubai JV but did not provide an update on the plan for equity recovery via residential sales.
- EBITDA Target by FY30 on track said Q1 FY26 Promised: INR 2,000 crores EBITDA by FY30 Q1 FY27: Management reiterated confidence in delivering mid-to-high teens EBITDA growth for FY27, which supports the trajectory towards the long-term FY30 target.
All 24 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 9.7%, net profit up 74.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 87 | 99 | 112 | 93 | 102 +17% | 124 +25% | 119 +6% | 102 +10% |
| EBITDA | 43 | 45 | 54 | 43 | 53 +23% | 61 +36% | 63 +17% | 50 +16% |
| Net profit | -2 | 10 | 36 | 35 | 73 +3750% | 77 +670% | 91 +153% | 61 +74% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +30.2% 1Y
1Y: ₹416.55 on 10 Sept 2025 → ₹542.3. High ₹575.35 (1 Sept 2026), low ₹389.65 (8 Dec 2025).
How the price took the results
close before → close after
- Q1 FY27
- +5.7%
- 31 Jul
- Q4 FY26
- −1.7%
- 28 Apr
- Q3 FY26
- −2.5%
- 16 Jan
- Q2 FY26
- −5.7%
- 14 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 17.1% a year over 1 year, FY25 to FY26. Operating margin widened to 50.2%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹374 Cr | ₹438 Cr |
| Operating profit | ₹176 Cr | ₹220 Cr |
| Operating margin | 47.1% | 50.2% |
| Interest | ₹189 Cr | ₹58 Cr |
| Depreciation | ₹28 Cr | ₹31 Cr |
| Net profit | ₹34 Cr | ₹276 Cr |
| Net margin | 9.1% | 63.0% |
| ROCE | 5.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹19 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹334 Cr | ₹334 Cr |
| Reserves | ₹-48 Cr | ₹-194 Cr | ₹-41 Cr | ₹-45 Cr | ₹5.8k Cr | ₹8.7k Cr |
| Borrowings | ₹1.3k Cr | ₹1.6k Cr | ₹1.8k Cr | ₹1.9k Cr | ₹1.7k Cr | ₹376 Cr |
| Other liabilities | ₹181 Cr | ₹68 Cr | ₹47 Cr | ₹55 Cr | ₹730 Cr | ₹133 Cr |
| Total liabilities | ₹1.5k Cr | ₹1.5k Cr | ₹1.8k Cr | ₹1.9k Cr | ₹8.6k Cr | ₹9.5k Cr |
| Fixed assets | ₹1.4k Cr | ₹1.4k Cr | ₹1.7k Cr | ₹1.7k Cr | ₹6.6k Cr | ₹1.9k Cr |
| Capital work in progress | ₹0 Cr | ₹3 Cr | ₹6 Cr | ₹23 Cr | ₹228 Cr | ₹72 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹6.1k Cr |
| Other assets | ₹40 Cr | ₹105 Cr | ₹110 Cr | ₹156 Cr | ₹1.8k Cr | ₹1.5k Cr |
| Total assets | ₹1.5k Cr | ₹1.5k Cr | ₹1.8k Cr | ₹1.9k Cr | ₹8.6k Cr | ₹9.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +1.57 pp while the public trimmed −0.80 pp. The shareholder count shrank 38% to 56,090.
- Promoters
- 75.9%
- FIIs
- 7.9%
- DIIs
- 11.5%
- Public
- 4.7%
Since Jun 2025
- DIIs +1.57 pp
- Public −0.80 pp
- FIIs −0.78 pp
How it drifted, 5 quarters
Over this window DIIs went from 9.9% to 11.5% — +1.6 pp.
Ownership split by quarter, oldest first. Jun '25: Promoters 75.9%, FIIs 8.7%, DIIs 9.9%, Public 5.5%.Sep '25: Promoters 75.9%, FIIs 8.5%, DIIs 11.1%, Public 4.5%.Dec '25: Promoters 75.9%, FIIs 9.0%, DIIs 10.6%, Public 4.5%.Mar '26: Promoters 75.9%, FIIs 8.6%, DIIs 10.5%, Public 5.0%.Jun '26: Promoters 75.9%, FIIs 7.9%, DIIs 11.5%, Public 4.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- ICICI Prudential Equity & Debt Fund Mutual fund +0.29 pp 2.00% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Leela Palaces Hotels & Resorts Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Project Ballet Banglore Holdings (Difc)Pvt Ltd | 45.81% | unchanged |
| Bsrep Iii Tadoba Holdings (Difc) Pvt Ltd | 13.09% | unchanged |
| Project Ballet Hma Holdings (Difc) Pvt Ltd | 5.88% | unchanged |
| Project Ballet Chennai Holdings (Difc) Pvt Ltd | 4.89% | unchanged |
| Bsrep Iii Joy Two Holdings (Difc) Limited | 3.38% | unchanged |
| Project Ballet Udaipur Holdings (Difc) Pvt Ltd | 2.00% | unchanged |
| ICICI Prudential Equity & Debt Fund Mutual fund | 2.00% | +0.29 pp |
| Axis Max Life Insurance Limited A/C - Ulif00225/06 Insurer | 1.88% | −0.05 pp |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund | 1.15% | unchanged |
| 360 One Special Opportunities Fund - Series 12 Mutual fund | 1.07% | unchanged |
| Project Ballet Gandhinagar Holdings (Difc) Pvt Ltd | 0.85% | unchanged |
| Bsrep Iii India Ballet Holdings (Difc) Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in THELEELA
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.02 L shares (+0.1%).
- Held by funds
- ₹250 Cr
- 7 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹210 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹210 Cr | held | May '25 |
| HDFC Business Cycle Fund HDFC Mutual Fund | ₹27 Cr | held | May '25 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹7 Cr | +0.02 L | Sep '25 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹4 Cr | +0.01 L | Oct '25 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '25 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Oct '25 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +2,310 shares (+0.1%)
- Funds are sitting on
- +12%
- vs est. average cost
- Held by funds
- ₹250 Cr
- 7 schemes · ≈ 1.2% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹210 Cr · 0.3% of that fund
Shares held by these funds −40%
May '25 44.48 L shares Jul '26
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Leela Palaces Hotels & Resorts Limited
Guides on how to read this kind of business and the numbers that matter.