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Leela Palaces posts Rs 2,758m net profit in FY26

April 28, 2026 5 mins read Firehose Gupta

Leela Palaces Hotels & Resorts Limited — quarter and year ended March 31, 2026

The following tables are extracted from the provided quarterly results document (figures in Rupees in millions unless stated otherwise).

Particulars Quarter ended March 31, 2026 Audited Quarter ended December 31, 2025 Unaudited Quarter ended March 31, 2025 Unaudited Year ended March 31, 2026 Audited Year ended March 31, 2025 Audited
1 Income
Revenue from operations 1,190.04 1,239.93 1,124.07 4,374.64 3,751.11
Other income 719.69 460.13 371.15 2,105.17 990.59
Total Income 1,909.73 1,700.06 1,495.22 6,479.81 4,741.70
2 Expenses
Consumption of food and beverages 74.23 89.13 90.33 293.02 310.61
Employee benefits expense 165.74 176.02 170.85 638.68 593.92
Other expenses 324.94 369.74 327.65 1,250.28 1,094.75
Total Expenses 564.91 634.89 588.83 2,181.98 1,999.28
Earnings before interest, depreciation, amortisation and tax (EBITDA) (1-2) 1,344.82 1,065.17 906.39 4,297.83 2,742.42
Finance costs 96.83 102.11 382.75 576.62 1,888.32
Depreciation and amortisation expenses 85.80 78.60 72.37 307.57 276.15
3 Profit before exceptional items and tax for the period / year 1,162.19 884.46 451.27 3,413.64 577.95
4 Exceptional items (refer note 8) – 16.40 – 16.40 –
5 Profit after exceptional items and before tax for the period/year (3-4) 1,162.19 868.06 451.27 3,397.24 577.95
6 Tax Expense
(a) Current tax expense 44.33 22.98 – 76.72 –
(b) Deferred tax expense 205.32 76.97 90.86 562.61 235.60
Total tax expense 249.65 99.95 90.86 639.33 235.60
7 Net profit after tax for the period/year (5-6) 912.54 768.11 360.41 2,757.91 342.35
8 Other comprehensive income/(loss)
Items that will not be reclassified subsequently to profit or loss:
Remeasurements of defined benefit plans 11.97 (8.98) 0.37 4.93 3.01
Income tax relating to these items (3.01) 2.26 (0.09) (1.24) (0.76)
Total other comprehensive income/(loss) for the period/year 8.96 (6.72) 0.28 3.69 2.25
9 Total comprehensive income for the period/year (7+8) 921.50 761.39 360.69 2,761.60 344.60
10 Paid up equity share capital (face value of Rs. 10 each) 3,339.58 3,339.58 2,764.87 3,339.58 2,764.87
11 Other equity – – – 86,930.97 60,662.88
12 Earnings per share attributable to owners:
Basic earnings per share (in Rs.) 2.78 2.32 1.30 8.51 1.41
Diluted earnings per share (in Rs.) 2.78 2.32 1.30 8.51 1.41
Particulars As at March 31, 2026 (Audited) As at March 31, 2025 (Audited)
ASSETS
Non-current assets
Property, plant and equipment 14,923.89 12,160.99
Right-of-use assets 2,542.09 2,405.25
Capital work-in-progress 717.54 563.25
Investment properties – 1,683.73
Investment properties under construction – 296.11
Goodwill 757.20 757.20
Other intangible assets 379.73 384.20
Financial assets
(i) Investments 60,857.81 47,239.96
(ii) Loans 11,791.15 –
(iii) Other financial assets 409.11 10,559.85
Non-current tax assets (net) 110.54 97.84
Other non-current assets 137.37 176.89
Total non-current assets 92,626.43 76,325.27
Current assets
Inventories 87.83 75.28
Financial assets
(i) Loans 597.03 2,075.72
(ii) Trade receivables 168.91 134.42
(iii) Cash and cash equivalents 43.67 396.10
(iv) Bank balances other than cash and cash equivalents 1,654.15 373.27
(v) Other financial assets 10.69 148.01
Other current assets 168.09 610.53
Total current assets 2,730.37 3,813.33
TOTAL ASSETS 95,356.80 80,138.60
EQUITY AND LIABILITIES
Equity
Equity share capital 3,339.58 2,764.87
Other equity
– Reserves and surplus 86,930.97 60,662.88
Total equity 90,270.55 63,427.75
Liabilities
Non-current liabilities
Financial liabilities
(i) Borrowings 136.96 12,574.70
(ii) Lease liabilities 2,371.92 2,100.88
(iii) Other financial liabilities 85.99 67.10
Other non-current liabilities 26.76 10.97
Deferred tax liabilities (net) 558.46 236.36
Provisions 32.01 34.52
Total non-current liabilities 3,212.10 15,024.53
Current liabilities
Financial liabilities
(i) Borrowings 1,248.09 1,198.60
(ii) Trade payables
(a) Total outstanding dues of micro and small enterprises 55.11 9.59
(b) Total outstanding dues other than (a) above 221.05 226.43
(iii) Other financial liabilities 135.31 100.98
Other current liabilities 188.36 144.10
Provisions 26.23 6.62
Total current liabilities 1,874.15 1,686.32
Total liabilities 5,086.25 16,710.85
TOTAL EQUITY AND LIABILITIES 95,356.80 80,138.60
Particulars As at March 31, 2026 (Audited) As at March 31, 2025 (Audited)
Cash flows from operating activities
Profit before tax for the year 3,397.24 577.95
Adjustments for:
Depreciation and amortisation 307.57 276.15
Finance costs 576.62 1,888.32
Net (gain)/loss on disposal of property, plant and equipment 1.71 (0.79)
Net impairment losses/(reversal) on financial assets 2.23 (1.14)
Net unrealised foreign exchange differences (304.61) 0.59
Interest income (1,614.77) (646.57)
Exceptional item 16.40 –
Unwinding of discount on security deposits (0.29) –
Changes in fair value of financial assets at fair value through profit or loss (187.21) (97.85)
Operating cash flows before working capital changes 2,194.89 1,996.66
Working capital movements:
(Increase)/decrease in inventories (12.55) 20.64
(Increase) in trade receivables (36.72) (42.43)
Decrease/(increase) in other financial assets 134.63 (147.34)
Decrease/(increase) in other current assets 442.44 (540.71)
(Increase) in other non-current assets (57.15) (2.40)
Increase/(decrease) in trade payables 40.14 (34.25)
Increase in other current liabilities 42.41 40.39
Increase in other non-current liabilities 8.98 1.40
Increase in other financial liabilities 17.37 52.27
Increase in provisions 22.03 7.14
Cash generated from operations 2,796.47 1,351.37
Income taxes (paid), net (82.36) (23.16)
Net cash flows generated from operating activities (A) 2,714.11 1,328.21
Cash flows from investing activities
Payments for purchase of property, plant and equipment including investment properties (1,026.22) (695.09)
Payments for purchase of intangibles assets (4.49) –
Proceeds from sale of property, plant and equipment – 0.79
Payment of acquisition/investment of subsidiaries (6,551.35) (36,018.87)
Bank deposit placed (37,564.72) (36,731.78)
Bank deposit matured 46,495.87 26,855.47
Interest received 464.05 299.33
Intercorporate deposits given to related parties (12,675.50) (2,965.01)
Repayment of intercorporate loan by related parties 2,444.12 947.71
Interest received on intercorporate loan from related parties 1,003.35 165.13
Investments in a joint venture (1,874.67) –
Payments towards investment properties under construction – (296.11)
Payment for purchase of CCPS issued by subsidiaries (4,700.00) (11,123.05)
Net cash flows used in investing activities (B) (13,989.55) (59,561.48)
Cash flows from financing activities
Proceeds from borrowings from others 748.09 763.65
Proceeds of borrowings from related parties – 459.40
Repayments of borrowings to others (13,182.26) (784.37)
Repayments of borrowings to related parties – (2,100.37)
Proceeds from fresh compulsorily convertible preference shares – 62,210.30
Proceeds from fresh issuance of equity shares 25,000.00 –
Share issue expenses paid (1,160.54) –
Finance cost paid on CCD conversion – (505.19)
Finance costs paid to related parties – (162.72)
Finance costs paid other than on lease liabilities (346.83) (1,232.96)
Finance costs paid towards lease liabilities (135.45) (116.31)
Net cash flows generated from financing activities (C) 10,923.01 58,531.43
Net (decrease)/increase in cash and cash equivalents (A+B+C) (352.43) 298.16
Cash and cash equivalents as at beginning of the year 396.10 97.94
Cash and cash equivalents at the end of the year 43.67 396.10
Particulars As at March 31, 2026 As at March 31, 2025
Cash on hand 0.74 1.24
Balance with banks 42.93 173.77
– in current account – –
– in fixed deposit account with original maturity of less than 3 months – 221.09
Total cash and cash equivalents as at year end 43.67 396.10
Particulars Quarter ended March 31, 2026 Audited Quarter ended December 31, 2025 Unaudited Quarter ended March 31, 2025 Unaudited Year ended March 31, 2026 Audited Year ended March 31, 2025 Audited
1 Income
Revenue from operations 4,844.20 4,574.31 4,247.20 15,272.90 13,005.73
Other income 77.28 134.24 381.02 704.89 1,059.83
Total Income 4,921.48 4,708.55 4,628.22 15,977.79 14,065.56
2 Expenses
Consumption of food and beverages 306.80 311.60 273.78 1,054.37 947.46
Employee benefits expense 815.00 784.21 733.72 3,056.14 2,732.42
Other expenses 1,065.79 1,100.23 974.25 3,733.86 3,382.11
Total Expenses 2,187.59 2,196.04 1,981.75 7,844.37 7,061.99
Earnings before interest, depreciation, amortisation and tax (EBITDA) (1-2) 2,733.89 2,512.51 2,646.47 8,133.42 7,003.57
Finance costs 398.72 394.45 992.60 2,034.08 4,581.67
Depreciation and amortisation expenses 298.69 293.91 310.03 1,126.19 1,399.29
Profit before Exceptional items, Share of net profit/(loss) of joint ventures and associate accounted for using equity method and tax 2,036.48 1,824.15 1,343.84 4,973.15 1,022.61
4 Exceptional items (refer note 8) 64.00 – – 64.00 –
Profit after exceptional items, before share of net profit/(loss) of joint ventures and associate accounted for using equity method and tax

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