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Leela Palaces Hotels and Resorts reported a strong financial performance for the first quarter of FY27, with its consolidated net profit rising more than five times year-on-year to INR 48.8 crore. The growth was supported by higher revenue from operations, reflecting continued demand for luxury hospitality services. While total expenses also increased during the quarter, the company's revenue growth outpaced the rise in costs. The latest results come as India's luxury hospitality sector continues to benefit from strong domestic travel, premium tourism and business travel demand.
Leela Palaces Hotels and Resorts reported a more than five-fold increase in its consolidated net profit for the first quarter of FY27, driven by strong growth in revenue from operations.
The company posted a consolidated net profit of INR 48.8 crore for the April-June quarter, compared with INR 8.7 crore recorded during the corresponding period of the previous financial year.
Revenue from operations rose to INR 352 crore during the quarter under review from INR 274.8 crore in the same period a year earlier, according to the company's regulatory filing. The increase reflects improved business performance amid sustained demand in the luxury hospitality segment.
At the same time, the company's total expenses increased to INR 208.57 crore, compared with INR 173.35 crore in the corresponding quarter of the previous fiscal. Despite the higher costs, the strong growth in revenue helped the company deliver a sharp rise in profitability.
The quarterly performance comes as India's premium hospitality sector continues to see healthy demand, supported by domestic leisure travel, corporate travel, weddings, conferences and international tourist arrivals. Luxury hotel operators have also been benefiting from higher room rates and strong occupancy levels across key business and leisure destinations.
Source PTI
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