Q2 FY27 transcript: Revenue up 33%, EBITDA up 36%, margin expands
THELEELA · price
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Leela Q2 FY27: Revenue up 33% YoY to INR 4,119 million; operating EBITDA up 36% to INR 1,877 million, margin at 46% (up 118 bps). PAT up 27% to INR 946 million. H1: revenue +30%, EBITDA +38%, PAT +72%. RevPAR +30%, occupancy 69%. Net debt to EBITDA improved to 1.4x. Mid-to-high teens FY27 EBITDA guidance maintained. 1,000+ keys under development; FY30 aspiration of 5,200 keys and INR 2,000 crore EBITDA. New luxury residences opening in Mumbai.
Strong Q2 beat with margin expansion; H1 ahead of guidance. FY27 outlook maintained. Healthy balance sheet at 1.4x net debt to EBITDA and 1,000+ keys pipeline support growth.