Integrated Filing — IndAS



General information about company

Scrip Code 544408
NSE Symbol THELEELA
MSEI Symbol NOTLISTED
ISIN INE0AQ201015
Name of company Leela Palaces Hotels & Resorts Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 16-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 12-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Hoteliering
Start date and time of board meeting 16-01-2026   12:50:00
End date and time of board meeting 16-01-2026   13:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 45,743.10 1,04,287.00
Other income 1,342.40 6,276.10
Total income 47,085.50 1,10,563.10
2 Expenses
(a) Cost of materials consumed 3,116.00 7,475.70
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 7,842.10 22,411.40
(e) Finance costs 3,944.50 16,353.60
(f) Depreciation, depletion and amortisation expense 2,939.10 8,275.00
(f) Other Expenses
1 Other expenses 11,002.30 26,680.70
Total other expenses 11,002.30 26,680.70
Total expenses 28,844.00 81,196.40
3 Total profit before exceptional items and tax 18,241.50 29,366.70
4 Exceptional items (640.00) (640.00)
5 Total profit before tax 17,601.50 28,726.70
6 Tax expense
7 Current tax 1,412.40 1,260.90
8 Deferred tax 1,151.90 3,854.00
9 Total tax expenses 2,564.30 5,114.90
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 15,037.20 23,611.80
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (248.70) (480.90)
16 Total profit (loss) for period 14,788.50 23,130.90
17 Other comprehensive income net of taxes 670.10 662.70
18 Total Comprehensive Income for the period 15,458.60 23,793.60
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 14,788.10 23,136.40
Total profit or loss, attributable to non-controlling interests 0.40 (5.50)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 15,458.20 23,799.10
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.40 (5.50)
21 Details of equity share capital
Paid-up equity share capital 33,395.80 33,395.80
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.54 7.19
Diluted earnings (loss) per share from continuing operations 4.54 7.19
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.54 7.19
Diluted earnings (loss) per share from continuing and discontinued operations 4.54 7.19
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1. The above consolidated financial results for the quarter and nine months ended December 31, 2025 (the Statement) which are published in accordance with Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been reviewed by the Audit Committee and approved by the Board of Directors of Leela Palaces Hotels & Resorts Limited (formerly known as 'Schloss Bangalore Limited') (formerly known as 'Schloss Bangalore Private Limited') (the 'Company'), its subsidiaries ('the Group'), its joint ventures and associates in their meeting held on January 16, 2026. The results have been reviewed by the Statutory Auditors of the Group. 2. The consolidated financial results for the quarter and nine months ended December 31, 2025 are available on the websites of the BSE Limited (URL: www.bseindia.com), the National Stock Exchange of India Limited (URL: www.nseindia.com) and the Company (URL: www.theleela.com). 3. These consolidated financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. 4. During the quarter ended June 30, 2025, the Company has completed its Initial Public Offer (IPO) of 80,459,769 equity shares of face value of Rs. 10/- each comprising of (i) fresh issue of 57,471,264 equity shares at an issue price of Rs. 435 per equity share; (ii) an offer for sale of 22,988,505 equity shares at an issue price of Rs. 435 per equity share. The equity shares of the Company were listed on BSE Limited and National Stock Exchange of India Limited on June 02, 2025. Details of utilisation of proceeds from fresh issue are as follows as on December 31, 2025: Particulars Cost (as per offer document) Gross Proceeds from the issue 25,000.00 Less: Issue related expenses (proportionate to Company's share) (1,355.98) Net proceeds 23,644.02 Amount utilised for repayment of borrrowings (23,000.00) Net amount to be utilised for general corporate purposes 644.02 5. Disclosure of segment-wise information is not applicable, as hoteliering is the Company's only business segment. 6. In view of the seasonality of the sector, the financial results for the quarter and nine months are not indicative of the full year's expected performance. 7. During the nine months ended December 31, 2025, there has been a change in the operational use of investment property to generate core business income, in accordance with the principles laid out in Ind AS 16. 8. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed and disclosed the incremental impact of these changes on the best information available and consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the regulatory-driven and non-recurring nature of this impact, the Group has presented such incremental impact under Exceptional Items amounting to Rs. 64.00 millions in the consolidated financial results for the quarter and nine months ended December 31, 2025. The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 9. The share of net loss of joint ventures and associate accounted for using equity method for the quarter and nine months ended December 31, 2025 includes share of profit of Rs. 8.73 millions from investment made of 25% in Sofitel the Palm FZE, Dubai of Rs. 4,202.37 millions through a wholly owned subsidiary. 10. Attention is drawn to the fact that the figures for the corresponding quarter and nine months ended December 31, 2024 as reported in these unaudited consolidated financial results have been approved by the Company's Board of Directors but have not been subjected to review since the requirement of submission of quarterly consolidated financial results is applicable on listing of equity shares of the Company, which was from the quarter ended June 30, 2025.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of defined benefit plans (39.90) (47.60)
Total Amount of items that will not be reclassified to profit and loss (39.90) (47.60)
2 Income tax relating to items that will not be reclassified to profit or loss (19.00) (19.30)
3 Amount of items that will be reclassified to profit and loss
1 Currency translation difference (net) 691.00 691.00
Total Amount of items that will be reclassified to profit and loss 691.00 691.00
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 670.10 662.70





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 B S R & Co. LLP Yes 31-07-2028