Schloss Bangalore Limited, operator of The Leela Palaces, Hotels and Resorts and India’s only listed pure-play luxury hospitality company, has announced robust results for Q1 FY26—its first quarterly report since its IPO. The company reported a 25% year-on-year rise in total revenue to INR 3,013 million, and a 63% jump in EBITDA to INR 1,280 million, driven by strong demand, higher room rates, and improved operating efficiency.
RevPAR grew 20% YoY to INR 11,963, supported by a 13% increase in Average Daily Rate (ADR) and 4% rise in occupancy (63.6%). EBITDA margin expanded sharply by 980 bps to 42.5%, while Profit After Tax surged to INR 87 million, reversing a loss of INR 750 million in Q1 FY25.
CEO Anuraag Bhatnagar noted, “Our Q1 performance reflects strong brand equity, premium pricing, and continued demand for luxury travel in India. We’re executing a focused growth strategy with eight hotels under development and brand expansions like ARQ by The Leela.”
Following its INR 35,000 million IPO in June 2025, which was oversubscribed 4.7x, the company reduced net debt by 91% and secured a CRISIL AA (Stable) rating, reinforcing its financial strength and long-term growth potential.
