Leela Palaces Hotels & Resorts Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company reported its fifth consecutive quarter of double-digit revenue per available room (RevPAR) and EBITDA growth.

For Q3 FY26, total operating revenue increased by 21% year-on-year to ₹4,574 million (approximately ₹457.4 crore), while operating EBITDA grew by 23% to ₹2,378 million (approximately ₹237.8 crore). Profit after tax (PAT) surged by 162% to ₹1,479 million (approximately ₹147.9 crore), marking the company's best-ever quarterly performance. EBITDA margins expanded by 61 basis points to 52% in Q3 FY26.

RevPAR grew by 20% to ₹21,551, outperforming the Indian luxury segment by approximately 2.3x during October-November 2025. Room Revenue was up 20%, supported by retail (+18%) and group (+45%) contributions, while F&B Revenue increased by 29%. Brand.com direct bookings surged by 153% year-on-year.

The company secured a management contract for an 80-key luxury hotel in Jaisalmer, scheduled to be operational by mid-FY27. Additionally, Leela made its first international foray by acquiring a 25% equity stake in a luxury beachfront resort on Palm Jumeirah, Dubai, with a total equity investment of approximately $70 million (₹582 crore). This investment is expected to be fully recovered within 2-3 years and generate approximately ₹670 million (₹67 crore) in annual management fees upon stabilization.

The company also renegotiated its term loans, reducing interest rates from 9.1% to 8.25%, which is expected to lower borrowing costs and enhance PAT and Return on Equity. Leela currently operates 14 properties with 4,090 keys and has 9 hotels in the pipeline, aiming to expand to 23 properties in the next three years.

Leela Palaces Hotels & Resorts reaffirmed its EBITDA target of ₹20,000 million (₹2,000 crore) by FY30, based on four growth pillars: same-store growth, new verticals, owned hotel developments, and capital-light management contracts and strategic investments.