Latest news with #TheLeela
Skift
22-07-2025
- Business
- Skift
The Leela's First Earnings Report Post-IPO: Launches New Mumbai Venture
The Leela is entering a new phase of expansion following IPO, but it is not straying away from its luxury proposition as it focuses on expanding offerings at its current properties. Schloss Bangalore, the parent company of The Leela, is expanding into Mumbai with an ultra-luxury hotel in the Bandra Kurla Complex (BKC), one of India's most prominent business districts. The development will include more than 250 rooms and will be fully owned by the company, executives said Tuesday during Schloss Bangalore's first earnings call following its IPO. According to The Leela, BKC hasn't seen any new hotel supply since 2011. 'Bandra Kurla Complex has huge untapped demand for hospitality,' said Chief Financial Officer Ravi Shankar during the call. 'With no new hotel supply since 2011, the market has only 39 keys per million square feet of office space, while Delhi
Time of India
22-07-2025
- Business
- Time of India
Schloss Bangalore reports revenues of Rs 275 crore for Q1FY26, PAT at Rs 9 crore
Schloss Bangalore , operator of The Leela Palaces Hotels and Resorts has reported consolidated revenue from operations of Rs 275 crore for the quarter ended June, up 21% year on year. The chain posted a profit of Rs 9 crore for the quarter compared to a loss of Rs 75.4 crore in the corresponding period of the previous fiscal. The chain said marking its debut as a publicly listed company, The Leela delivered its 'best-ever' first-quarter performance. CEO Anuraag Bhatnagar said the chain's total revenue grew 25% to Rs 301.3 crore, and EBITDA rose 63% to Rs 128 crore, supported by a 20% year-on-year revenue per available room increase, with market share gains that 'outpaced' the luxury hospitality sector. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 Insane Cards Now Charging 0% Interest Until Nearly 2027 CompareCredit Undo 'The performance underscores the strength of India's luxury travel market and the demand for The Leela's distinctive experiential offerings,' he 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,' he added. The luxury hospitality chain said occupancies were up 4% year on year to 63.6% in quarter one of financial year 2026, while average daily rate was Rs 18,817, up 13% year on year. Live Events Its EBITDA margins expanded to 42.5% driven by operating leverage, and the chain-owned hotels across all markets posted double-digit revenue per available room growth. The Leela currently operates 13 properties with 3,544 keys across 11 cities in India -comprising five owned, seven managed, and one franchised hotel. 'The Company is well-positioned to deliver a robust mid-to-high teens EBITDA growth in financial year 2026, driven by strong operating momentum and continued strategic execution,' the chain said in a statement.
Time of India
22-07-2025
- Business
- Time of India
Schloss Bangalore Q1 results: Leela Palace operator reports Rs 9 crore PAT vs Rs 75 crore YoY loss
Schloss Bangalore , 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. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Degree Data Science MCA Leadership Digital Marketing Data Analytics Project Management Product Management others Management PGDM Technology Cybersecurity Data Science Operations Management Finance CXO Others Healthcare Artificial Intelligence Design Thinking MBA healthcare Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details 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. Also Read: Paytm Q1 Results: Co swings to black, logs Rs 122 crore profit vs YoY loss; revenue jumps 28% Live Events 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. Also Read: ZEE Q1 Results: Cons PAT jumps 22% YoY to Rs 144 crore, but revenue falls 14% 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.
News18
22-07-2025
- Business
- News18
Schloss Bangalore reports Q1 net profit at Rs 8.7 cr
Agency: PTI New Delhi, Jul 22 (PTI) Hospitality firm Schloss Bangalore Ltd, which operates luxury hotel chain under 'The Leela' brand, on Tuesday reported a consolidated net profit of Rs 8.7 crore in the first quarter ended June 2025. The company had posted a consolidated net loss of Rs 74.99 crore in the corresponding period of the last fiscal, Schloss Bangalore Ltd said in a regulatory filing. Its consolidated revenue from operations in the quarter under review stood at Rs 274.79 crore against Rs 228.24 crore in the year-ago period, it added. The company's total expenses were higher at Rs 173.36 crore in the first quarter compared to Rs 161.9 crore a year ago. Schloss Bangalore CEO Anuraag Bhatnagar said it was supported by a 20 per cent year-on-year RevPAR (revenue per available room) growth, with market share gains that outpaced the luxury hospitality sector. The company said 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. On the way ahead, Bhatnagar said, 'We are entering a defining phase of growth with eight 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". The Leela currently operates 13 properties with 3,544 keys across 11 cities in India, comprising five owned, seven managed, and one franchised hotel. PTI RKL BAL BAL view comments First Published: July 22, 2025, 17:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Web Release
15-07-2025
- Web Release
THE LEELA PALACES, HOTELS AND RESORTS INTRODUCES THE NORTH AND SOUTH PALACE TRAILS — CURATED JOURNEYS THROUGH INDIA'S HERITAGE, CULTURE AND MODERN LUXURY
THE LEELA PALACES, HOTELS AND RESORTS INTRODUCES THE NORTH AND SOUTH PALACE TRAILS — CURATED JOURNEYS THROUGH INDIA'S HERITAGE, CULTURE AND MODERN LUXURY The Leela Palaces, Hotels and Resorts proudly unveils two distinctive and immersive travel experiences under its iconic Leela Palace Trail offering—The Leela Palace Trail – North India and The Leela Palace Trail – South India. These thoughtfully crafted journeys are designed to offer discerning inbound travellers distinct narratives of India's multifaceted allure—from the imperial splendour of the north to the soulful richness of the south. At a time when global travellers are seeking journeys with purpose, the newly introduced trails allow for deeper discovery, while staying at some of the most celebrated luxury addresses in the country. Whether it is a first-time visit to India or a return in search of deeper connection, The Leela Palace Trails serve as a seamless introduction to India's timeless stories through a lens of refined hospitality. The Leela Palace Trail – North India: India's Golden Triangle Reimagined Designed for the first-time inbound traveller looking to witness India's most iconic destinations with all the hallmarks of The Leela's regal hospitality, the North Trail follows the fabled Golden Triangle—New Delhi, Jaipur, and Udaipur. From the imperial heart of the capital at The Leela Palace New Delhi, to the grandeur of The Leela Palace Jaipur nestled amidst the Aravalli hills, and the ethereal lakeside splendour of The Leela Palace Udaipur—this itinerary blends centuries of art, architecture, and culture with modern opulence. Signature rituals, curated art walks, immersive heritage tours, artisanal workshops, and bespoke dining moments across these palaces ensure that every step of the journey is a poetic introduction to India's royal past, brought to life with world-class service and contemporary comfort. The Leela Palace Trail – South India: A Journey into Cultural Depth and Conscious Luxury For the modern traveller seeking spiritual grounding, cultural immersion and holistic wellness, the South Trail offers a deeper dive into the rhythms of life across Bengaluru, Chennai, Kovalam, Ashtamudi, and Hyderabad. From the regal architecture of The Leela Palace Bengaluru to the seafront serenity of The Leela Palace Chennai, the coastal embrace of The Leela Kovalam and backwater charm of The Leela Ashtamudi, concluding with the Indo-Persian elegance of The Leela Hyderabad—this itinerary is a tribute to slow luxury and soulful exploration. Guests can experience sunrise yoga by the sea, ayurvedic therapies, houseboat stays, ceremonial rituals, and intimate cultural performances, while discovering India's southern heritage through temple trails, local cuisines, art walks, and sustainable living experiences. This trail appeals to travellers looking to reconnect—with nature, culture, and themselves. 'The introduction of the North and South Palace Trails reflects our commitment to crafting immersive journeys that are rooted in Indian heritage and delivered with intuitive luxury,' said Anuraag Bhatnagar, Chief Executive Officer, The Leela Palaces, Hotels and Resorts. 'While the North Trail is perfect for first-time visitors to India who wish to experience its most iconic landmarks, the South Trail invites a slower, more introspective exploration through wellness, cuisine, and culture.' Both trails are fully customizable and supported by The Leela's hallmark Palace Service, offering seamless transitions, bespoke excursions, curated experiences, and conscious luxury at every touchpoint.
