# Leela Palaces Hotels & Resorts (THELEELA) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/theleela

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹688.2
- Change: -0.22%
- As of: 2026-11-06
- 1D return: -0.22%
- 5D return: +8.51%
- 1M return: +17.25%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

THELEELA (₹688.20) exhibits a strong, established uptrend across daily, weekly, and monthly timeframes as of November 6, 2026. Price action is well above all key moving averages and the Supertrend indicator, with ADX readings confirming strong trend conviction (42.55 daily, 39.03 weekly, 48.19 monthly). The stock is trading near the upper end of its recent ranges (+87.2% in the 20-day range, +94.3% in the 252-day range), reflecting significant momentum (+19.1% over 10 days, +63.1% over one year).

An active Inside Bar pattern on the daily chart suggests consolidation or indecision following a sharp rally. This follows a high-severity downward gap on October 30, 2026, which was subsequently absorbed by bullish price action. Immediate support lies at ₹685.75 (pivot), while resistance is noted at ₹710.70 (+3.27%). Volatility remains elevated (ATR 4.53%, annualized volatility 32.2%), and the current drawdown is minimal (-0.2%).

The setup remains bullish provided price holds above the pivot support of ₹685.75. A break below this level could signal a short-term pullback toward ₹664.80. Conversely, a decisive move above ₹710.70 would confirm continuation of the broader uptrend.

- Trend Strength: Strong uptrend confirmed across daily (ADX 42.55), weekly (ADX 39.03), and monthly (ADX 48.19) horizons; price trades above all major moving averages and Supertrend.
- Price Positioning: Trading near multi-year highs (+94.3% in 252-day range); immediate support at ₹685.75 (pivot) and resistance at ₹710.70 (+3.27%).
- Momentum & Volatility: Significant recent gains (+19.1% in 10 days, +63.1% YTD); elevated volatility (ATR 4.53%) and minimal current drawdown (-0.2%).
- Pattern Context: Active daily Inside Bar indicates consolidation; previous high-severity downward gap (Oct 30) has been neutralized by sustained buying.

- Inside Bar
- Morning Star
- Harami
- Outside Bar
- Shooting Star
- Bullish Engulfing Reversal

### News Context

Leela Palaces Hotels & Resorts (NSE: THELEELA) reported strong Q2 FY27 financials, with operating revenue rising 33% year-on-year to ₹4,119 million and profit after tax increasing 27% to ₹946 million. For the first half of FY27, PAT grew 72% to ₹1,433 million, supported by a 38% rise in operating EBITDA. The company is advancing its Mumbai BKC development, having executed the lease deed with MMRDA in September 2026. This project involves a 50-50 joint venture with Brookfield to build a 250-key hotel and 700,000-square-foot office space, with plans to seek shareholder approval for the investment and potential future divestment of the office stake. Management has confirmed it will not share unpublished price-sensitive information during upcoming investor meetings scheduled for November 5, 17, and 18, 2026, in Mumbai. On the market front, the stock closed at ₹688.2 on November 6, 2026, reflecting a year-to-date return of +58.3% and a one-year return of +63.1%. Technical indicators show a bullish trend across daily, weekly, and monthly timeframes, with resistance levels noted at ₹710.7 and ₹731.65.

- Q2 FY27 operating revenue rose 33% YoY to ₹4,119 million, while H1 FY27 PAT surged 72% to ₹1,433 million.
- Mumbai BKC project lease deed was executed with MMRDA in September 2026; a 50-50 JV with Brookfield is planned for a 250-key hotel and 700,000 sq ft office.
- Investor meets are scheduled for November 5, 17, and 18, 2026, in Mumbai, with no unpublished price-sensitive information to be shared.
- Stock closed at ₹688.2 on November 6, 2026, with technical trends remaining bullish and YTD returns at +58.3%.

- Intimation of schedule of Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Leela Palaces Hotels & Resorts Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Intimation of schedule of Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Leela Palaces Hotels & Resorts Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Please find enclosed the transcript of the Leela Palaces Hotels & Resorts Limited Q2 FY27 Earnings Conference Call held on October 14, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Official Filings

Leela Palaces Hotels & Resorts Limited reported strong Q2 FY27 financials, with operating revenue rising 33% year-on-year to ₹4,119 million and profit after tax increasing 27% to ₹946 million. Half-year results also showed robust growth, with PAT up 72% to ₹1,433 million. A key development is the execution of the lease deed for its Mumbai BKC project in September 2026, involving a 50:50 joint venture with Brookfield to develop a 250-key hotel and 700,000 sq ft office space. The company plans to seek shareholder approval for this related-party investment and intends to eventually divest its office stake, subject to regulatory and other approvals. Shareholding data as of September 30, 2026, shows promoters holding 75.91%, while the public holds 24.09%. Additionally, the company has scheduled physical investor meets in Mumbai on November 17 and 18, 2026, stating no unpublished price-sensitive information will be shared.

- Q2 FY27 operating revenue grew 33% YoY to ₹4,119 million, with PAT up 27% to ₹946 million; H1 FY27 PAT surged 72% to ₹1,433 million.
- Mumbai BKC project lease deed executed in September 2026; planned as a 50:50 JV with Brookfield for a 250-key hotel and 700,000 sq ft office, pending shareholder approval.
- Promoter holding stands at 75.91% as of September 30, 2026, with public holding at 24.09%.
- Investor meets scheduled for November 17–18, 2026, in Mumbai; management confirmed no unpublished price-sensitive information will be disclosed.

- [Intimation of schedule of Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_06112026144051_Investor_Meet_Intimation.pdf)
- [Leela Palaces Hotels & Resorts Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261106_144859709.xml)
- [Intimation of schedule of Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_02112026204438_Investor_Meet_Intimation.pdf)
- [Leela Palaces Hotels & Resorts Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261102_204826870.xml)
- [Please find enclosed the transcript of the Leela Palaces Hotels & Resorts Limited Q2 FY27 Earnings Conference Call held on October 14, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_22102026183919_Earnings_Call_Transcript.pdf)
- [LEELA PALACES HOTELS & RESORTS LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261022_192357204.xml)
- [Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/THELEELA_21102026170225_SE_Intimation_74_5_.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 75.91 | PUBLIC_VAL: 24.09 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1743153_21102026052556_WEB.xml)
- [Newspaper Publication of Notice of Postal Ballot and remote e-voting information |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/THELEELA_16102026170132_2SE_I_Newspaper_Ad.pdf)
- [Newspaper Publication pertaining to Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/THELEELA_15102026140213_Newspaper_Publication.pdf)

### Fundamentals

Leela Palaces Hotels & Resorts demonstrates a robust operational expansion in Q2 FY2026-27, with revenue from operations rising sequentially to ₹411.87 crore and net profit nearly doubling to ₹94.59 crore. This follows a strong full-year trajectory where sales grew 14% to ₹1,527 crore and net profit surged 740% to ₹403 crore for the year ended March 2026. Earnings quality remains high, evidenced by cash flow from operating activities reaching ₹777 crore against an operating profit of ₹741 crore, indicating efficient conversion of profits into cash.

The balance sheet reflects significant asset growth, with Property, Plant, and Equipment increasing to ₹6,694.21 crore as of September 2026, supported by a sharp reduction in borrowings from ₹4,142 crore (Mar 2025) to ₹1,811 crore (Mar 2026). While Return on Capital Employed (ROCE) has declined from 30% to 9% over three years, likely due to the lag between capital expenditure and revenue realization, the company’s deleveraging trend and stable promoter holding of 75.91% provide a solid financial foundation.

- Q2 FY2026-27 Net Profit surged to ₹94.59 crore (up from ₹48.76 crore in Q1), driven by a sequential revenue increase to ₹411.87 crore.
- Full-year FY2026 Sales grew 14% YoY to ₹1,527 crore, while Net Profit jumped 740% to ₹403 crore compared to FY2025.
- Operating Cash Flow reached ₹777 crore in FY2026, exceeding Operating Profit of ₹741 crore, signaling strong earnings conversion.
- Borrowings decreased significantly to ₹1,811 crore by Mar 2026, while Fixed Assets expanded to ₹8,071 crore, reflecting ongoing capacity addition.

### Bull Case

The technical structure for Leela Palaces Hotels & Resorts presents a conditional upside case characterized by strong momentum across multiple timeframes. As of November 6, 2026, the stock is trading at ₹688.20, with the Supertrend indicator signaling a bullish trend on both daily and monthly charts. This positive technical posture is reinforced by a significant divergence between directional indicators: the Plus DI (29.39 daily, 32.75 monthly) substantially exceeds the Minus DI (7.82 daily, 5.43 monthly), suggesting that buying pressure has been dominant over selling pressure. The stock has delivered robust recent performance, including a +19.1% return over the last 10 days and a +63.1% return over the past year, indicating sustained investor interest. While the current price faces resistance levels at ₹710.70 (+3.27%) and ₹731.65 (+6.31%), the immediate support pivot sits closely at ₹685.75 (-0.36%). The constructive interpretation relies on the persistence of this multi-timeframe bullish alignment; however, investors should monitor whether the stock can sustainably breach the nearest resistance level to confirm continued upward trajectory rather than a consolidation phase.

- Multi-timeframe bullish signals: Supertrend direction is bullish on both daily and monthly charts as of November 6, 2026.
- Strong momentum divergence: Daily Plus DI (29.39) significantly outweighs Minus DI (7.82), indicating dominant buying pressure.
- Robust recent returns: The stock posted a +19.1% return over the last 10 days and a +63.1% return over the past year.
- Key monitoring levels: Immediate support is at ₹685.75 (-0.36%), while the first major resistance lies at ₹710.70 (+3.27%).

- [Intimation of schedule of Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_06112026144051_Investor_Meet_Intimation.pdf)
- [Leela Palaces Hotels & Resorts Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261106_144859709.xml)
- [Intimation of schedule of Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_02112026204438_Investor_Meet_Intimation.pdf)
- [Leela Palaces Hotels & Resorts Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261102_204826870.xml)
- [Please find enclosed the transcript of the Leela Palaces Hotels & Resorts Limited Q2 FY27 Earnings Conference Call held on October 14, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_22102026183919_Earnings_Call_Transcript.pdf)
- [LEELA PALACES HOTELS & RESORTS LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261022_192357204.xml)
- [Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/THELEELA_21102026170225_SE_Intimation_74_5_.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 75.91 | PUBLIC_VAL: 24.09 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1743153_21102026052556_WEB.xml)
- [Newspaper Publication of Notice of Postal Ballot and remote e-voting information |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/THELEELA_16102026170132_2SE_I_Newspaper_Ad.pdf)
- [Newspaper Publication pertaining to Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/THELEELA_15102026140213_Newspaper_Publication.pdf)

### Bear Case

The technical evidence for Leela Palaces Hotels & Resorts (THELEELA) on 2026-11-06 presents a mixed risk profile despite the prevailing bullish trend. While the stock has delivered substantial gains over the past year (+63.1%) and since the start of the period (+58.0%), it is currently trading near its recent high, with the closing price at ₹688.20 just below the immediate resistance level of ₹710.70 (3.27% above). This proximity to resistance suggests limited upside momentum in the short term without a decisive breakout.

Volatility remains elevated, with an annualized volatility of +32.2% and an Average True Range (ATR) of 4.53%, indicating significant price fluctuation that can lead to rapid drawdowns. The maximum drawdown recorded during this period was -16.3%, highlighting the potential for sharp corrections even within an uptrend. Although the current drawdown is minimal at -0.2%, the steep slope of the 20-day EMA (+31.27) implies the price may be extended, increasing the risk of mean reversion. Investors should monitor the ₹685.75 pivot support closely; a break below this level could expose the stock to further downside toward the ₹664.80 low.

- Resistance overhead: Immediate resistance at ₹710.70 (3.27% above current price) limits near-term upside unless volume confirms a breakout.
- High volatility risk: Annualized volatility stands at +32.2% with an ATR of 4.53%, signaling significant price instability and potential for rapid swings.
- Extended trend metrics: The 20-day EMA slope is steep at +31.27, suggesting the recent rally may be overextended and prone to correction.
- Support monitoring: Critical pivot support exists at ₹685.75; a breach could trigger a move toward the next support level at ₹664.80 (-3.40%).

- [Intimation of schedule of Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_06112026144051_Investor_Meet_Intimation.pdf)
- [Leela Palaces Hotels & Resorts Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261106_144859709.xml)
- [Intimation of schedule of Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_02112026204438_Investor_Meet_Intimation.pdf)
- [Leela Palaces Hotels & Resorts Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261102_204826870.xml)
- [Please find enclosed the transcript of the Leela Palaces Hotels & Resorts Limited Q2 FY27 Earnings Conference Call held on October 14, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_22102026183919_Earnings_Call_Transcript.pdf)
- [LEELA PALACES HOTELS & RESORTS LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261022_192357204.xml)
- [Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/THELEELA_21102026170225_SE_Intimation_74_5_.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 75.91 | PUBLIC_VAL: 24.09 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1743153_21102026052556_WEB.xml)
- [Newspaper Publication of Notice of Postal Ballot and remote e-voting information |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/THELEELA_16102026170132_2SE_I_Newspaper_Ad.pdf)
- [Newspaper Publication pertaining to Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/THELEELA_15102026140213_Newspaper_Publication.pdf)

### FAQs

**What were Leela Palaces Hotels & Resorts' financial results for Q2 FY27?**

For the quarter ended October 2026, the company reported operating revenue of ₹4,119 million (up 33% year-on-year), operating EBITDA of ₹1,877 million (up 36%), and profit after tax of ₹946 million (up 27%). For the half-year (H1 FY27), revenue grew 30%, EBITDA grew 38%, and PAT reached ₹1,433 million (up 72%).

**What is the status of the Mumbai BKC project?**

The lease deed for the Mumbai BKC project was executed with MMRDA in September 2026. The plan involves a 250-key hotel and 700,000 sq ft office space via a 50:50 JV with Brookfield. Management intends to eventually divest the office stake but retain the hotel equity, subject to regulatory and shareholder approvals.

**When are the upcoming investor meetings scheduled?**

Management will attend the Ashika Institutional Equities Investor Conference on November 5, 2026, followed by the JM Financial Annual India Xchange 2026 on November 17, 2026, and the Avendus Spark INDX Annual Conference on November 18, 2026. All events are physical meets in Mumbai.

**How has the stock performed technically over recent periods?**

As of November 6, 2026, the stock closed at ₹688.20 with a market capitalization of approximately ₹23,035 crore. It has gained +63.1% over the past year and +58.3% year-to-date. Technical indicators show a bullish trend with resistance levels near ₹710.70 and support around ₹685.75.

- [Intimation of schedule of Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_06112026144051_Investor_Meet_Intimation.pdf)
- [Leela Palaces Hotels & Resorts Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261106_144859709.xml)
- [Intimation of schedule of Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_02112026204438_Investor_Meet_Intimation.pdf)
- [Leela Palaces Hotels & Resorts Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261102_204826870.xml)
- [Please find enclosed the transcript of the Leela Palaces Hotels & Resorts Limited Q2 FY27 Earnings Conference Call held on October 14, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/THELEELA_22102026183919_Earnings_Call_Transcript.pdf)
- [LEELA PALACES HOTELS & RESORTS LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261022_192357204.xml)
- [Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/THELEELA_21102026170225_SE_Intimation_74_5_.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 75.91 | PUBLIC_VAL: 24.09 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1743153_21102026052556_WEB.xml)
- [Newspaper Publication of Notice of Postal Ballot and remote e-voting information |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/THELEELA_16102026170132_2SE_I_Newspaper_Ad.pdf)
- [Newspaper Publication pertaining to Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/THELEELA_15102026140213_Newspaper_Publication.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹685.75
- Risk regime: Price Risk Requires Attention

### Support levels
- 561.8
- 462.07500000000005
- 429.2953125

### Resistance levels
- 710.7
- 731.6500000000001
- 756.6000000000001

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.22% |
| return_10 | +19.08% |
| return_1m | +18.11% |
| return_1y | +63.12% |
| return_20 | +17.25% |
| return_3m | +34.68% |
| return_5 | +8.51% |
| return_6m | +61.74% |
| return_since_start | +58.01% |
| return_ytd | +58.33% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -16.28% |
| annualized_volatility | +32.19% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Leela Palaces Q2 FY2026-27: Revenue and Profit Recovered Sequentially and Grew Year on Year

Leela Palaces Hotels & Resorts reported Q2 FY2026-27 revenue from operations of ₹411.87 crore, up 17.0% from the June quarter and 32.6% from the corresponding quarter a year earlier. Profit after tax rose 94.0% sequentially to ₹94.59 crore and was 26.6% higher year on year. Profit before tax was ₹121.87 crore, up 52.4% quarter on quarter and 27.4% year on year.

## Revenue and Income Advanced on Both Comparisons

Total income was ₹418.03 crore, including ₹6.17 crore of other income. It increased 16.0% from ₹360.50 crore in Q1 and 25.4% from ₹333.45 crore in Q2 FY2025-26. Revenue from operations was ₹411.87 crore, compared with ₹351.96 crore in the June quarter and ₹310.65 crore in the year-earlier quarter.

## Expenses Grew More Slowly Than Revenue Sequentially

Total expenses were ₹296.17 crore, up 5.6% from ₹280.55 crore in Q1 and 24.6% from ₹237.79 crore a year earlier. The slower sequential increase in expenses than in revenue coincided with the rise in pre-tax profit. Other expenses were ₹99.31 crore, up 4.9% sequentially and 30.7% year on year. Employee benefit expense was ₹95.04 crore and materials consumed cost ₹29.79 crore. Finance costs were ₹38.42 crore, down 2.2% sequentially and broadly stable against ₹38.08 crore in the year-earlier quarter.

## Profit Increased, with Tax Expense Little Changed Sequentially

Profit after tax was ₹94.59 crore, compared with ₹48.76 crore in Q1 and ₹74.72 crore in Q2 FY2025-26. Tax expense was ₹15.80 crore, marginally above ₹15.59 crore in the June quarter; it comprised current tax of ₹15.70 crore and deferred tax of ₹10 lakh. Basic and diluted earnings per share were ₹2.83, versus ₹1.46 in Q1 and ₹2.35 a year earlier. Comprehensive income was ₹101.35 crore.

## Asset Base and Borrowings Expanded

At 30 September 2026, property, plant and equipment stood at ₹6,694.21 crore, up 6.1% from 30 June. Equity-accounted investments rose 16.4% to ₹752.15 crore. Total assets increased 2.8% to ₹9,169.38 crore, while total equity rose 2.4% to ₹6,605.41 crore.

Non-current borrowings were ₹1,488.77 crore, up from ₹1,315.34 crore at 30 June, while current borrowings declined to ₹71.71 crore from ₹241.48 crore. Cash and cash equivalents increased to ₹114.18 crore from ₹99.67 crore.

## Key Takeaway

Q2 delivered a broad recovery: revenue, pre-tax profit and profit after tax all rose sequentially and exceeded their year-earlier levels. Expenses grew more slowly than revenue from Q1, while the balance sheet expanded and non-current borrowings increased. The quarter’s central investor consideration is whether the improved earnings level can be sustained alongside the larger asset base and higher long-term borrowing.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +75.91%
- FII holding: +7.87%
- DII holding: +11.51%
- Mutual fund holding: +7.67%
- Retail holding: +2.32%
- Promoter pledged: +0.00%

### Major reported shareholders

- PROJECT BALLET BANGLORE HOLDINGS (DIFC)PVT LTD — +45.81% (Bodies Corporate)
- BSREP III TADOBA HOLDINGS (DIFC) PVT LTD — +13.09% (Bodies Corporate)
- PROJECT BALLET HMA HOLDINGS (DIFC) PVT LTD — +5.88% (Bodies Corporate)
- PROJECT BALLET CHENNAI HOLDINGS (DIFC) PVT LTD — +4.89% (Bodies Corporate)
- BSREP III JOY TWO HOLDINGS (DIFC) LIMITED — +3.38% (Bodies Corporate)
- PROJECT BALLET UDAIPUR HOLDINGS (DIFC) PVT LTD — +2.00% (Bodies Corporate)
- ICICI PRUDENTIAL EQUITY & DEBT FUND — +2.00%
- AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00225/06 — +1.88%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMA — +1.15%
- 360 ONE SPECIAL OPPOPTUNITIES FUND-SERIES 12 — +1.07%

## Official filings

- 2026-11-06 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_06112026144051_Investor_Meet_Intimation.pdf)
- 2026-11-06 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261106_144859709.xml)
- 2026-11-02 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_02112026204438_Investor_Meet_Intimation.pdf)
- 2026-11-02 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261102_204826870.xml)
- 2026-10-22 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_22102026183919_Earnings_Call_Transcript.pdf)
- 2026-10-22 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261022_192357204.xml)
- 2026-10-21 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_21102026170225_SE_Intimation_74_5_.pdf)
- 2026-10-21 — Shareholding Disclosure: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1743153_21102026052556_WEB.xml)
- 2026-10-16 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_16102026170132_2SE_I_Newspaper_Ad.pdf)
- 2026-10-15 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_15102026140213_Newspaper_Publication.pdf)
- 2026-10-15 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_24541_WebXMLFile_20261015_184129214.xml)
- 2026-10-15 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_15102026183359_SE_Intimation_-_PB_Notice.pdf)
- 2026-10-14 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_14102026144443_BM_Outcome.pdf)
- 2026-10-14 — Press Release: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_14102026145700_Press_Release.pdf)
- 2026-10-14 — Earnings Presentation: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_14102026150508_Investor_Presentation.pdf)
- 2026-10-14 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_14102026153051_MA_Report.pdf)
- 2026-10-14 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_14102026195116_Audio_Recording_EC.pdf)
- 2026-10-14 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_14102026200211_Investor_Meet_Intimation.pdf)
- 2026-10-14 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261014_200835240.xml)
- 2026-10-14 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24541_WebXMLFile_20261014_200726959.xml)
- 2026-10-14 — Financial Results Filing: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1738178_14102026084756_WEB.xml)
- 2026-10-14 — Financial Results Filing: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1738177_14102026084750_WEB.xml)
- 2026-10-08 — Board Meeting Notice: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_08102026185303_BM_Prior_intimation.pdf)
- 2026-10-08 — Generic Announcement: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/THELEELA_08102026190315_Earning_Call_Intimation.pdf)
- 2026-10-08 — Board Meeting Notice: Leela Palaces Hotels & Resorts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24541_WebXMLFile_20261008_191328834.xml)

## News and market events

- 2026-10-26 — The Hindu: **Sensex today | Stock Market Live: Stock to buy today: Leela Palaces Hotels & Resorts (₹577.70)** — Sensex, Nifty, Share Prices Live: Traders can buy now at ₹577 and accumulate at ₹560. Place stop-loss at ₹540 — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-26-october-2026/article71622964.ece)
- 2026-10-15 — BUSINESSTODAY: **Leela Palaces Hotels shares trim gains after hitting record high post Q2 earnings; check targets** — Leela Palaces Hotels & Resorts, Leela shares, Leela Q2 results, hotel stocks, JM Financial, Choice Institutional Equities, Elara Securities, Leela share price target, luxury hospitality, EBITDA growth — [Source](https://www.businesstoday.in/markets/stocks/story/leela-palaces-hotels-shares-trim-gains-after-hitting-record-high-post-q2-earnings-check-targets-561743-2026-10-15)
- 2026-10-14 — FREEPRESSJOURNAL.IN: **Leela Palaces Hotels & Resorts Reports 33% Revenue Rise To ₹411.9 Crore In Q2 FY27; Profit Up 27% To ₹94.6 Crore** — Leela Palaces Hotels & Resorts Limited announced a 33 per cent increase in operating revenue for the second quarter of financial year 2027. Profit after tax rose 27 per cent. — [Source](https://www.freepressjournal.in/business/leela-palaces-hotels-resorts-reports-33-revenue-rise-to-4119-crore-in-q2-fy27-profit-up-27-to-946-crore)
- 2026-10-01 — Mint: **Raja Venkatraman recommends two stocks for 1 October** — Market expert Raja Venkatraman shares his top stock picks for 1 October. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-two-stocks-for-1-october-11790773946813.html)
- 2026-09-07 — BUSINESSTODAY: **Adani Power, Samman, IMFA, UBL, Emcure among stocks with fresh brokerage interest for upto 140% rise** — Adani Power target price, Physicswallah target price, SEAMEC target price, UBL target price, Emcure Pharma target price, Cera Sanitary target price, Kissht target price, IMFA target price, Leela Hotels target price, Apollo Micro target price, Sammaan Capital target price, Adani Power, Physicswallah, SEAMEC, United Breweries, Emcure Pharmaceuticals, Cera Sanitaryware, OnEMI Technology Solutions, Indian Metals & Ferro Alloys, Leela Palaces Hotels & Resorts, Apollo Micro Systems, Sammaan Capital, Adani Power target price, Physicswallah target price, SEAMEC target price, UBL target price, Emcure Pharma target price, Cera Sanitary target price, Kissht target price, IMFA target price, Leela Hotels target price, Apollo Micro target price, Sammaan Capital target price, Motilal Oswal, Choice Institutional Equities, ICICIDirect Research, JM Financial, 360 One Capital, Antique Stock Broking, Systematix Institutional Equities, Ventura — [Source](https://www.businesstoday.in/markets/stocks/story/adani-power-samman-imfa-ubl-emcure-among-stocks-with-fresh-brokerage-interest-for-upto-140-rise-553571-2026-09-07)
- 2026-08-31 — CNBC-TV18: **Consensus Buy: This hotel stock hits 52-week high after Jefferies projects another 22% upside** — In a bull case scenario, Jefferies has a target price of ₹800 apiece for Hotel Leela Palaces, indicating an upside of 44% from its previous close. — [Source](https://www.cnbctv18.com/market/leela-palaces-hotels-and-resorts-share-price-consensus-buy-jefferies-initiate-target-price-upside-19980291.htm)
- 2026-08-08 — BUSINESSTODAY: **Short-term buy ideas: 2 stocks that Pradip Halder is betting on** — Pradeep Haldar stock picks, Samvardhana Motherson target price, Leela Palace Hotel stock target, Business Today Daily Calls, top stock ideas today, Indian stock market picks, near term stock recommendations, Samvardhana Motherson rally, Leela Palace Hotel breakout, stock market expert calls, Nifty market outlook, buy on dips strategy, record high stocks India, all time high breakout stocks, technical stock picks India, short term trading ideas, momentum stocks India, hotel stocks India, auto ancillary stocks India, BT TV market calls — [Source](https://www.businesstoday.in/markets/stocks/story/short-term-buy-ideas-2-stocks-that-pradip-halder-is-betting-on-547926-2026-08-08)
- 2026-08-03 — Mint: **Raja Venkatraman recommends three stocks for 3 August** — Market expert Raja Venkatraman shares his top stock picks for 3 August. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-3-august-11785578795466.html)
- 2026-07-31 — CNBC-TV18: **Leela Palaces Hotels & Resorts Q1 Results: Profit jumps over five-fold, margins expand** — Hotel Leela's revenue from operations increased 28.1% year-on-year to ₹352 crore from ₹274.8 crore. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 41.4% to ₹143.4 crore from ₹101.4 crore, while EBITDA margin expanded to 40.7% from 36.9% in the corresponding quarter last year. — [Source](https://www.cnbctv18.com/market/leela-palace-hotels-and-resorts-q1-results-profit-jump-margin-expansion-new-investment-share-price-19958758.htm)
- 2026-07-24 — Mint: **The Street resets its Nifty 500 bets. Here are the winners** — The optimism reflects the underperformance of Indian equities relative to other emerging markets and the US, along with a moderation in valuations. — [Source](https://www.livemint.com/market/stock-market-news/the-street-resets-its-nifty-500-bets-here-are-the-winners-indian-stock-market-11784798077110.html)

## Business profile

**Strategic vision:** Operates a luxury hotel chain in India and internationally.

### Business segments
- **Luxury Hotels and Resorts:** Manages a portfolio of luxury hotels and resorts, emphasizing Indian hospitality, thoughtful service, and immersive experiences.

### Competitive strengths
- Membership in the Global Hotel Alliance (GHA) and its DISCOVERY loyalty program.
- Marketing alliance with Preferred Hotels & Resorts, a global network of independent hotels.

## Related stocks

- [Chalet Hotels Limited (Tourism & Hospitality)](https://faxioms.com/stocks/chalet) — -0.64%
- [DOMS Industries Limited (Tourism & Hospitality)](https://faxioms.com/stocks/doms) — +0.00%
- [EIH Limited (Tourism & Hospitality)](https://faxioms.com/stocks/eihotel) — +1.06%
- [Indian Railway Catering And Tourism Corporation Limited (Tourism & Hospitality)](https://faxioms.com/stocks/irctc) — +0.05%
- [ITC Hotels Limited (Tourism & Hospitality)](https://faxioms.com/stocks/itchotels) — -1.33%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/theleela
Markdown representation: https://faxioms.com/stocks/theleela?render=md