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Schloss Bangalore Q1 outcomes: Leela Palace operator experiences Rs 9 crore PAT vs Rs 75 crore YoY loss


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Schloss Bangalore, the operator of The Leela Palaces, Motels and Resorts, reported a consolidated internet revenue of Rs 9 crore in Q1 versus a lack of Rs 75 crore within the 12 months in the past interval. The corporate’s income grew 20% year-on-year at Rs 275 crore in opposition to Rs 228 crore reported within the year-ago interval.

The revenue after tax (PAT) fell 92% on a sequential foundation versus Rs 117 crore reported in Q4FY25. The topline fell 35% in comparison with Rs 425 crore posted within the January-March quarter of FY25.

The whole income within the reported quarter stood at Rs 301 crore, witnessing a 25% YoY leap.

The Earnings Earlier than Curiosity, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 128 crore, gaining 63% on a YoY foundation whereas the EBITDA margin was reported at 42.5%, up by 980 bps YoY.

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Working income elevated 17% YoY whereas working EBITDA grew 39% reflecting sustained buyer desire for The Leela’s distinctive luxurious expertise and powerful pricing energy, the corporate submitting to the exchanges stated.The occupancy stood at 63.6% within the April-June quarter of FY26, which noticed an uptick of 4% over a 12 months in the past interval.The corporate noticed enchancment in value ratios pushed by continued deal with operational efficiencies in staffing, F&B, and utilities. Progress was additional supported by an increase in bookings by way of direct channels – particularly at resort places – together with robust demand in MICE and F&B verticals

“Our owned motels throughout all markets posted double-digit RevPAR progress underscoring the model’s management in India’s luxurious hospitality section,” the corporate assertion stated.

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Commenting on the outcomes, CEO Anuraag Bhatnagar stated that he was happy with the first-quarter efficiency. “The efficiency underscores the energy of India’s luxurious journey market and the demand for The Leela’s distinctive experiential choices. We’re coming into a defining part of progress with 8 motels underneath improvement, together with our strategic growth into Mumbai by way of a landmark blended use improvement in BKC that includes a 250-key ultra-luxury lodge, complementing the 63 excessive finish serviced residences underneath improvement close to Mumbai Worldwide Airport,” he stated.

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