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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 14-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 08-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second 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 14-10-2026   14:00:00
End date and time of board meeting 14-10-2026   14:38:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 41,186.60 76,382.20
Other income 616.70 1,471.20
Total income 41,803.30 77,853.40
2 Expenses
(a) Cost of materials consumed 2,979.30 5,717.10
(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 9,503.60 18,157.60
(e) Finance costs 3,842.40 7,772.70
(f) Depreciation, depletion and amortisation expense 3,360.10 6,626.90
(f) Other Expenses
1 Other Expenses 9,931.20 19,396.80
Total other expenses 9,931.20 19,396.80
Total expenses 29,616.60 57,671.10
3 Total profit before exceptional items and tax 12,186.70 20,182.30
4 Exceptional items 0.00 0.00
5 Total profit before tax 12,186.70 20,182.30
6 Tax expense
7 Current tax 1,569.50 3,066.30
8 Deferred tax 10.00 71.80
9 Total tax expenses 1,579.50 3,138.10
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 10,607.20 17,044.20
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 (1,147.80) (2,709.30)
16 Total profit (loss) for period 9,459.40 14,334.90
17 Other comprehensive income net of taxes 675.20 725.10
18 Total Comprehensive Income for the period 10,134.60 15,060.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 9,458.50 14,338.10
Total profit or loss, attributable to non-controlling interests 0.90 (3.20)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 10,133.70 15,063.20
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.90 (3.20)
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 2.83 4.29
Diluted earnings (loss) per share from continuing operations 2.83 4.29
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 2.83 4.29
Diluted earnings (loss) per share from continuing and discontinued operations 2.83 4.29
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) 1. The above consolidated financial results for the quarter and half year ended September 30, 2026 (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') (the 'Company'), its subsidiaries ('the Group'), its joint ventures and an associate in their meeting held on October 14, 2026. The results have been reviewed by the Statutory Auditors of the Group. 2. The consolidated financial results for the quarter and half year ended September 30, 2026 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 September 30, 2026, the Nomination and Remuneration Committee of the Company approved grant of 21,61,729 employee stock options to eligible employees of the Group under The Leela Employee Stock Option Scheme 2024 ('ESOP Scheme') of the Company. 5. Disclosure of segment-wise information is not applicable, as hoteliering is the Group's only business segment. 6. In view of the seasonality of the sector, the financial results for the quarters are not indicative of the full year's performance. 7. 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 had restructured the compensation of its employees, and assessed the impact of the changes, consistent with the Labour codes, FAQs 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 had presented such incremental impact under Exceptional Items amounting to Rs.64.00 millions in the consolidated financial results for the previous year ended March 31, 2026. 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.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 6,69,421.10
Capital work-in-progress 17,498.00
Investment property 0.00
Goodwill 46,705.60
Other intangible assets 15,791.90
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 75,215.30
Non-current financial assets
Non-current investments 1.90
Trade receivables, non-current 0.00
Loans, non-current 3,035.30
Other non-current financial assets
1 Other non-current financial assets 16,888.70
Total of other non-current financial assets 16,888.70
Total non-current financial assets 19,925.90
Deferred tax assets (net)
Other non-current assets
1 Other non-current assets 15,601.50
2 Non-current tax assets (net) 5,235.40
Total of other non-current assets 20,836.90
Total non-current assets 8,65,394.70
2 Current assets
Inventories 3,241.80
Current financial asset
Current investments 0.00
Trade receivables, current 8,051.20
Cash and cash equivalents 11,417.50
Bank balance other than cash and cash equivalents 12,806.70
Loans, current 0.00
Other current financial assets
Total of other current financial assets 5,665.40
Total current financial assets 37,940.80
Current tax assets (net) 0.00
Other current assets
1 Other current assets 10,361.00
Total of other current assets 10,361.00
Total current assets 51,543.60
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 9,16,938.30
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 33,395.80
Other equity 6,22,245.10
Total equity attributable to owners of parent 6,55,640.90
Non controlling interest 4,899.90
Total equity 6,60,540.80
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1,48,876.60
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Other non-current financial liabilities 971.70
2 Lease liabilities 24,948.80
Total of other non-current financial liabilities 25,920.50
Total non-current financial liabilities 1,74,797.10
Provisions, non-current 1,714.80
Deferred tax liabilities (net) 33,707.00
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 320.40
Total of other non-current liabilities 320.40
Total non-current liabilities 2,10,539.30
Current liabilities
Current financial liabilities
Borrowings, current 7,170.80
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 868.30
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4,512.60
Total Trade payable 5,380.90
Other current financial liabilities
1 Other current financial liabilities 5,677.80
2 Lease liabilities 716.10
Total of other current financial liabilities 6,393.90
Total current financial liabilities 18,945.60
Other current liabilities 25,869.00
1 Other current liabilities 25,869.00
Total of other current liabilities 25,869.00
Provisions, current 1,043.60
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 45,858.20
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 2,56,397.50
Total equity and liabilites 9,16,938.30
Disclosure of notes on assets and liabilities



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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
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 (214.90) (152.00)
Total Amount of items that will not be reclassified to profit and loss (214.90) (152.00)
2 Income tax relating to items that will not be reclassified to profit or loss (40.90) (26.80)
3 Amount of items that will be reclassified to profit and loss
1 Currency translation difference (net) 849.20 850.30
Total Amount of items that will be reclassified to profit and loss 849.20 850.30
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 675.20 725.10



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 20,182.30
Adjustments for reconcile profit (loss)
Adjustments for finance costs 7,772.70
Adjustments for decrease (increase) in inventories (17.40)
Adjustments for decrease (increase) in trade receivables, current 82.10
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (816.50)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (840.40)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (1,797.10)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 11,549.30
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 6,626.90
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss (222.00)
Adjustments for provisions, current 364.30
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (606.60)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 12.90
Adjustments for dividend income 0.00
Adjustments for interest income 1,038.60
Adjustments for share-based payments 398.10
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 10.30
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 21,478.00
Net cash flows from (used in) operations 41,660.30
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 3,008.60
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 38,651.70
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 12,500.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 9.80
Purchase of property, plant and equipment 13,362.70
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 1,508.90
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (5,165.80)
Net cash flows from (used in) investing activities (29,509.80)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 26,883.30
Repayments of borrowings 26,536.60
Payments of lease liabilities 1,207.00
Dividends paid 0.00
Interest paid 6,508.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (344.90)
Net cash flows from (used in) financing activities (7,713.20)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,428.70
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 21.50
Net increase (decrease) in cash and cash equivalents 1,450.20
Cash and cash equivalents cash flow statement at beginning of period 9,967.30
Cash and cash equivalents cash flow statement at end of period 11,417.50





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