Schloss Bangalore Q1 Results: Leela Hotels' parent posts Rs 9 crore net profit, revenue rises 20%

Schloss Bangalore Q1 Results: Leela Hotels' parent posts Rs 9 crore net profit, revenue rises 20%

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26 Aug, 2025 12:21

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Schloss Bangalore, the operator of luxury hotels and resorts chain under The Leela brand, reported a consolidated net profit of Rs 8.77 crore for the first quarter of the financial year 2026. The company had earlier reported a net loss of Rs 75 crore for the corresponding quarter of the previous financial year.

The newly listed company's revenue from operations meanwhile rose over 20 percent on-year to Rs 275 crore in Q1 FY26. Schloss Bangalore's revenue from operations stood at Rs 228 crore in the same period last year.

The company released its first set of results since its market debut. The shares had listed at 6.67 percent discount to IPO price at Rs 406 apiece on June 3. The stock then saw significantly. After the release of the results, the shares of the company dropped nearly 2 percent to trade at Rs 450 apiece. The newly listed stock is currently nearly 11 percent higher than its listing price.

Speaking about the company's performance, Anuraag Bhatnagar, Schloss Bangalore Chief Executive Officer, said, "We are pleased to report a record first-quarter performance. Total revenue grew 25% to ₹3,013 million, and EBITDA rose 63% to ₹1,280 million, supported by a 20% year-on-year RevPAR increase, with market share gains that outpaced the luxury hospitality sector. The performance underscores the strength of India’s luxury travel market and the demand for The Leela’s distinctive experiential offerings."

He further said, "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."

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