Leela Palaces Q4 FY26 PAT Jumps 47% YoY

Leela Palaces reported a 47% YoY rise in Q4 PAT to INR 172 Cr, with operating revenue up 12% and EBITDA margin expanding 57 bps to 55%.
FY26 was a record year with PAT surging 8.5x to INR 403 Cr, driven by a 14% same-store RevPAR growth and a 167 bps margin expansion to 49%.
The company expanded its portfolio by 23% with 966 new keys and reduced net debt by 50%, achieving a net debt/EBITDA of 1.6x.
Management addressed Q4 occupancy headwinds from geopolitical events but reported a recovery in April with domestic demand offsetting international weakness.