Leela Palaces Q3 Net Profit Surges to ₹768.11 Mn; Finance Costs Drop 81% YoY
Leela Palaces Hotels & Resorts reported a robust Q3 FY26 with standalone revenue rising 25% YoY to ₹1,239.93 million. Net profit witnessed a massive jump to ₹768.11 million from ₹101.17 million in the year-ago period, largely due to a significant reduction in interest burden. Finance costs fell to ₹102.11 million from ₹546.62 million after the company utilized ₹23,000 million of IPO proceeds to repay debt. The company also accounted for a one-time exceptional charge of ₹16.40 million for new Labour Code compliance.
முக்கிய அம்சங்கள்
Standalone Net Profit surged to ₹768.11 million in Q3 FY26 vs ₹101.17 million in Q3 FY25.
Revenue from operations increased 25% YoY to ₹1,239.93 million from ₹991.64 million.
Finance costs plummeted 81% YoY to ₹102.11 million following ₹23,000 million debt repayment from IPO proceeds.
9M FY26 Net Profit stands at ₹1,845.37 million compared to a loss of ₹118.06 million in 9M FY25.
EBITDA grew to ₹1,065.17 million in Q3 FY26 from ₹818.26 million in the same quarter last year.
👀 கவனிக்க வேண்டியவை
The significant turnaround in profitability driven by debt reduction makes the company's balance sheet much healthier. Long-term investors should focus on the company's ability to maintain high occupancy and room rates in the luxury segment to sustain this growth.
