Accounting standards play a crucial role in ensuring transparency, consistency, and reliability in financial reporting, which is essential for effective decision-making in personal financial planning as well as corporate analysis. With the introduction of Ind AS 116 (Leases), a significant transformation has taken place in the way lease transactions are recorded and presented in financial statements. Unlike the earlier standard, which allowed operating leases to be kept off the balance sheet, Ind AS 116 requires companies to recognize most leases as “right-of-use assets” along with corresponding lease liabilities. This change provides a more accurate and complete picture of a company’s financial obligations and resource utilization.

This study aims to examine the impact of Ind AS 116 on the financial position and key financial ratios of selected Indian companies, namely InterGlobe Aviation Ltd, Bharti Airtel Ltd, and PVR INOX Ltd. The research is based on secondary data collected from the published annual reports of these companies, focusing on periods before and after the implementation of the standard. A comparative analysis has been conducted to evaluate changes in total assets, total liabilities, and important financial ratios such as debt-equity ratio, return on assets, and profitability margins.