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Informist, Friday, Jul. 31, 2026
 

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--Leela Palaces Hotels Apr-Jun consol net profit INR 487.96 mln 
--Analysts saw Leela Palaces Hotels Apr-Jun consol PAT at INR 396.60 mln 
--Leela Palaces Hotels Apr-Jun consol revenue INR 3.52 bln 
--Analysts saw Leela Palaces Hotels Apr-Jun consol revenue at INR 3.19 bln 
--Leela Palaces Hotels Q1 consol PAT INR 487.96 mln vs INR 87.66 mln year ago 
--Leela Palaces Hotels Q1 consol revenue INR 3.52 bln vs INR 2.75 bln yr ago 
--Leela Palaces Hotels to invest up to INR 1.2 bln in arm Schloss Tadoba 
--Leela Palaces Hotels Q1 operating EBITDA INR 1.4 bln vs INR 1.0 bln yr ago 
 

 

By Rosalin Lenka

 

MUMBAI – The Leela Palaces Hotels & Resorts Ltd. Friday reported a sharp rise in consolidated net profit and revenue for the June quarter, beating analysts' estimates. A sharp rise in revenue from operations and a decline of more than 50% in the company's finance costs pushed up the profit. Further, the total expenses did not grow as fast as the revenues.

 

The luxury hotel operator reported a consolidated net profit of INR 487.96 million for the June quarter, up nearly six times from INR 87.66 million in the year-ago quarter. Analysts had expected the consolidated net profit to be INR 396.60 million. The company's consolidated revenue from operations rose 28% on year to INR 3.52 billion, against analysts' estimate of INR 3.19 billion.

 

The company's consolidated earnings before interest, tax, depreciation, and amortisation for the June quarter rose 40% on year to INR 1.4 billion from INR 1.0 billion a year ago. The EBITDA margin rose 383 basis points to 41% from 37% reported in the year-ago quarter.

 

The company's total expenses were at INR 2.08 billion for the June quarter, up 20% on year. Employee benefits expense rose to INR 865 million from INR 730 million while other expenses increased 17% to INR 947 million. While the employee benefit costs and other expenses cumulatively accounted for 86% of the company's total expenses, its expense for consumption of food and beverages rose 40% on year to INR 274 million.

 

The company's profit before exceptional items and share of net profit of joint ventures and associates, accounted for using equity method and tax, were at INR 800 million, compared with INR 155.95 million a year ago.

 

The company's occupancy rate improved by 390 basis points in the June quarter to 67.5%. Revenue per available room increased 17% on year to INR 13,982. The company's room revenues for the domestic segment were INR 1.64 billion and its food and beverage revenues were INR 1.33 billion. Both segments grew 25% on year. 

 

Leela Palaces reported an operating EBITDA margin of 41% in the June quarter. The company said this is the highest EBITDA margin it has ever reported for the June quarter. Its shares ended Friday at INR 494.60 on the National Stock Exchange, up nearly 6% from Thursday. The company released its earnings during market hours.  End

 

Edited by Rajeev Pai

 

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