Schloss Bangalore Q1 results: Leela Palace operator reports Rs 9 crore PAT vs Rs 75 crore YoY loss
, the operator of The Leela Palaces, Hotels and Resorts, reported a consolidated net profit of Rs 9 crore in Q1 versus a loss of Rs 75 crore in the year ago period. The company's revenue grew 20% year-on-year at Rs 275 crore against Rs 228 crore reported in the year-ago period.
The profit after tax (PAT) fell 92% on a sequential basis versus Rs 117 crore reported in Q4FY25. The topline fell 35% compared to Rs 425 crore posted in the January-March quarter of FY25.
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The total revenue in the reported quarter stood at Rs 301 crore, witnessing a 25% YoY jump.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 128 crore, gaining 63% on a YoY basis while the EBITDA margin was reported at 42.5%, up by 980 bps YoY.
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Operating revenue increased 17% YoY while operating EBITDA grew 39% reflecting sustained customer preference for The Leela's distinctive luxury experience and strong pricing power, the company filing to the exchanges said.
The occupancy stood at 63.6% in the April-June quarter of FY26, which saw an uptick of 4% over a year ago period.
The company saw improvement in cost ratios driven by continued focus on operational efficiencies in staffing, F&B, and utilities. Growth was further supported by a rise in bookings through direct channels - especially at resort locations - along with strong demand in MICE and F&B verticals
"Our owned hotels across all markets posted double-digit RevPAR growth underscoring the brand's leadership in India's luxury hospitality segment," the company statement said.
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Commenting on the results, CEO Anuraag Bhatnagar said that he was pleased with the first-quarter performance. "The performance underscores the strength of India's luxury travel market and the demand for The Leela's distinctive experiential offerings. We are entering a defining phase of growth with 8 hotels under development, including our strategic expansion into Mumbai through a landmark mixed use development in BKC featuring a 250-key ultra-luxury hotel, complementing the 63 high end serviced apartments under development near Mumbai International Airport,' he said.
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