- Leela Palaces reported a six-fold jump in net profit to Rs 49 crore in Q1 FY27
- Revenue grew 28% YoY to Rs 352 crore in the June quarter of FY27
- EBITDA increased 41.6% to Rs 143 crore with margin rising to 40.6%
Leela Palaces Hotels and Resorts reported a more than six-fold jump in net profit for the June quarter, driven by strong growth in revenue and improved operating margins.
The company's Nnet profit rose to Rs 49 crore in the June quarter of FY27 from Rs 8.8 crore a year earlier (Q1FY26).
ALSO READ: Bajaj Finserv Shares Surge Over 5% As Q1 Profit Rises, Board Clears Reinsurance Entry
Revenue, or topline, increased 28% year-on-year (YoY) to Rs 352 crore in the June quarter of FY27, compared with Rs 275 crore in the corresponding quarter last year.
At the operating level, earnings before interest, tax, depreciation and amortisation (EBITDA) grew 41.6% annually to Rs 143 crore from Rs 101 crore.
Consequently, while the EBITDA margin expanded to 40.6% from 36.7% a year ago.
Along with the Q1 results, the Board also approved the investment of funds in Schloss Tadoba Private Limited, a wholly owned subsidiary of the Company.
On the bourses, the scrip rallied following the results. At 2:10 pm, Leela Palaces shares were trading 3.61% higher at Rs 485.55. In comparison, BSE Sensex was trading at 78,146, up 0.28%.
ALSO READ: After Stellar Run, This Auto Ancillary Stock Can Rally Another 37%, Says HSBC — Here's Why
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.