Leela Hotels

Leela Palaces Hotels & Resorts reported Q2FY27 net profit of Rs 94.6 crore as operating revenue rose 33 per cent and revenue per available room increased 30 per cent.

Stocks to buy: Shrikant Chouhan, head of equity research, Kotak Securities, recommends buying Fractal Analytics and Leela Hotels shares.

Leela Palaces Hotels share price hit a life-time high of ₹518 in Monday's trade, after reporting a 460% surge in Q1FY27 net profit. JM Financial and Choice Broking raised the target price on stock.

PANAJI, Feb 27 (Reuters) - India's Leela Palaces Hotels & Resorts is betting that a tight supply of luxury hotel rooms ​and rising demand from wealthy travellers ill drive revenue and ​earnings growth in fiscal 2027, its chief executive said.

ICICI Securities has set a target price of ₹600 for Leela Palaces Hotels and Resorts, based on a 22x EV/Ebitda on December 2027 earnings estimates for its hotels business

The company's total revenue for the quarter stood at ₹301 crore as against ₹240 crore recorded in the first quarter of FY25, marking a rise of 25 per cent.

Schloss Bangalore, the owner of Leela Hotels, reports a net profit of Rs 9 crore in Q1, reversing its loss from last year, and announces expansion plans with 8 new hotels and 966 keys

Schloss Bangalore has received an 'overweight' rating from Morgan Stanley, with a target price of ₹549

Technical outlook on hotel stocks: Taj GVK, Juniper Hotels look good on charts, while EIH could face some downward pressure.

Leela Hotels IPO allotment to be finalised today; check allotment status, GMP, subscription details, listing date, and other key details here

Leela Hotels IPO has received bids for 37,61,658 shares against an offer of 4,66,10,169 shares, resulting in a subscription of merely 8 per cent

As the public offering of Leela Hotels opens for subscription, here are the key details, including issue size, price band, lot size, GMP, reviews, timeline, and other aspects of the Leela Hotels IPO

Indeed, several IPO hopefuls have either delayed or downsized their IPO plans as global trade worries and a domestic border conflict pressured markets

Leela Hotels' owner Schloss Bangalore has set the price band for its IPO in the range of ₹413 to ₹435 per equity share

India's blue-chip Nifty 50 has rebounded in recent weeks and is up 4% for the year, after the country held a ceasefire with Pakistan and as some trade tensions eased

Hotel companies are working fast to take advantage of being the first mover at these locations

The man identified as Mahamed Sharif fled with hotel valuables and without settling his outstanding bills causing a huge loss to the hotel worth Rs 23,46,413

Sebi asked Leela and JM Financial ARC to put the deal, announced on March 18, on hold.

Consolidated debt at the end of March was Rs 36.62 billon for the hotel chain