Leela Palaces, Hotels & Resorts Q1 Results: Net Profit Surges Over Five-Fold, Margins Expand
Key Takeaways
- •Leela Palaces, Hotels & Resorts' first-quarter net profit increased more than five-fold compared to the same quarter in the prior year.
- •Operating revenue rose 28.1% year-on-year to ₹352 crore, driven by seasonal leisure travel and wedding-demand trends typical of the April-to-June quarter.
- •EBITDA grew 41.4% to ₹143.4 crore, with the EBITDA margin expanding from 36.9% to 40.7% due to improved operating leverage.
- •The broader Indian luxury hotel segment continues to experience demand recovery fueled by domestic tourism, corporate travel, and MICE activity.
Leela Palaces, Hotels & Resorts Q1 Results: Net Profit Surges Over Five-Fold, Margins Expand
Leela Palaces, Hotels & Resorts reported its financial results for the first quarter, with net profit jumping more than five-fold year-on-year.
Revenue from operations increased 28.1% year-on-year to ₹352 crore, up from ₹274.8 crore in the same quarter of the previous year. The April-to-June quarter typically benefits Indian hotel operators from peak leisure travel and wedding-season demand, which generally supports occupancy and room rates across premium properties.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 41.4% to ₹143.4 crore from ₹101.4 crore in the corresponding quarter last year. The EBITDA margin expanded to 40.7% from 36.9%, reflecting improved operating leverage as revenue growth outpaced cost increases.
Leela Palaces, Hotels & Resorts is a luxury hospitality company listed on Indian stock exchanges under the ticker symbol for Leela Palaces, Hotels & Resorts Ltd. The company operates a portfolio of premium palace-style hotels and resorts across key cities and leisure destinations in India. The broader Indian luxury hotel segment, which includes peers such as Indian Hotels Company (Taj) and EIH Ltd (Oberoi), has been experiencing sustained demand recovery driven by domestic tourism, corporate travel, and MICE (meetings, incentives, conferences, and exhibitions) activity.
Source: CNBC-TV18