Leela Palaces Hotels Q3 results: Net profit jumps 162%, revenue rises to ₹457 crore YoY

Its revenue from operation for Q3 FY26 increased 23.5% to ₹457 crore from ₹371 crore in the year-ago period.

The company’s operating profit, also known as earnings before interest, taxes, depreciation and amortisation (EBITDA), also jumped 27.2% to ₹238 crore as compared to ₹187 crore in the corresponding quarter of the previous fiscal year.

Leela Palace Hotels’ EBITDA margin in the reporting quarter improved to 52% on a year-on-year (YoY) basis in contrast to 50.5% in Q3 FY25.

The company said it has delivered its fifth consecutive quarter of double-digit revenue per available room (RevPAR) and EBITDA growth, continuing to materially outperform the Indian luxury hotel segment.

For nine months ended December 31 of FY26, over 60% of incremental operating revenue flowed through to EBITDA, reflecting sustained efficiency and scalability of the operating model, Leela Palaces Hotels said.

Leela Palaces, Hotels and Resorts said its RevPAR rose 20% to ₹21,551, reflecting industry-leading performance and strong pricing power, and outperforming the India luxury segment by about 2.3 times during October–November 2025. The company added that growth was broad-based across revenue streams, with room revenue increasing 20% driven by higher retail and group contributions, led by weddings, while food and beverage revenue jumped 29% on the back of strong banqueting and MICE demand.

Commenting on the results, Anuraag Bhatnagar, Whole-time Director and Chief Executive Officer, said: “We delivered our best-ever quarterly performance in Q3 FY26 with total operating revenue growing 21% to ₹4,574 million reaffirming our unique luxury positioning and ability to command pricing power, substantially outpacing India’s luxury industry by nearly 2.7x on a year-to-date basis."

Bhatnagar said the company also advanced its strategy of disciplined, capital-efficient growth by signing a management agreement for The Leela Jaisalmer and making its first international strategic investment in Dubai.

The Leela currently operates 14 properties with 4,090 keys across 12 cities in India, including 6 owned, 7 managed, and 1 franchised hotel. With 9 hotels now in the pipeline, it is on track to expand to 23 properties over the next three years in high-growth markets including Agra, Ayodhya, Bandhavgarh, Mumbai, Ranthambore, Sikkim, Srinagar and now Jaisalmer.

Following the earnings, shares of Leela Palaces Hotels & Resorts were trading at ₹450.20 apiece on the National Stock Exchange, falling 0.5%.