The document is a regulatory filing containing the transcript of the Q1 FY27 Earnings Conference Call for Leela Palaces Hotels & Resorts Limited, held on July 31, 2026. The call was an earnings call and post-results investor interaction.
The call was held to discuss the company's financial and operational performance for the quarter ended June 30, 2026 (Q1 FY27).
Management participants included Mr. Anuraag Bhatnagar (Whole Time Director and Chief Executive Officer), Mr. Ravi Shankar (Head Asset Management and Chief Financial Officer), and Mr. Abhishek Agarwal (Senior Vice President – Financial Planning & Analysis and Investor Relations).
The company published its quarterly results and an investor presentation on the stock exchanges on the day of the call. The transcript and presentation were made available on the company's investor relations website at www.theleela.com/investors.
A standard disclaimer was provided stating that management comments may include forward-looking statements, including financial guidance and proforma information, which are management estimates based on certain assumptions and have not been audited, reviewed, or examined.
Financial and Operational Highlights from the Call:
Operating Performance: Operating revenue increased by 28% year-on-year (YoY) to INR 3,520 million. Operating EBITDA grew 41% YoY to INR 1,434 million, with a margin of 41%.
Portfolio Metrics: The six owned hotels achieved an occupancy of 67.5% (vs. 63.6% in Q1 FY26) and a RevPAR growth of 17%, driven by a 10% increase in Average Daily Rate (ADR) and a 4 percentage point improvement in occupancy.
Segment Growth: City hotel RevPAR grew 14%, while resort RevPAR grew 24%. Domestic room revenue at the five palace hotels increased by 25% YoY.
Other Revenues: Food & Beverage (F&B) revenue grew 25% YoY to nearly INR 133 crores, contributing 38% of operating revenue. Hotel Management Agreement (HMA) fees grew 86% to INR 262 million.
Profitability: Consolidated Profit After Tax (PAT) increased five-fold YoY to INR 488 million.
Expansion: The company signed a concession agreement to develop a 30-key luxury resort in Tadoba, Maharashtra, with a targeted investment of INR 1,200 million and completion in CY30. The total portfolio now stands at 25 properties (15 operational, 10 in pipeline) with 5,257 keys.
Guidance: Management reiterated confidence in delivering double-digit RevPAR growth and mid-to-high teens EBITDA growth for FY27.
Dubai JV: The company's 25%-owned joint venture in Dubai reported an accounting loss of INR 156 million for the quarter, attributed to travel disruptions from the West Asia conflict. This loss is reflected in the share of profit of JV/associates and does not impact consolidated revenue or EBITDA.
Additional Notes Section
The document was an enclosure to a formal letter of intimation sent to the BSE and NSE.
The transcript itself was the primary attachment to the disclosure.
