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Leela Palaces Hotels & Resorts has reported a profit after tax of INR 75 crore for the second quarter, marking its fourth consecutive quarter of profitability. Revenue rose 11% year-on-year to INR 333 crore, driven by a 13% growth in revenue per available room, reflecting higher occupancy and improved average daily rates. EBITDA increased by 17% to INR 161 crore, while operating margins expanded to 25.2%. The company also announced its international expansion with a new property in Dubai's Palm Jumeirah, highlighting its strategic growth plans.
Leela Palaces Hotels & Resorts recorded a profit after tax (PAT) of INR 75 crore for the second quarter, showing consistent growth and marking its fourth consecutive profitable quarter. The luxury hotel chain's revenue rose 11% year-on-year to reach INR 333 crore, supported by a 13% increase in revenue per available room (RevPAR). This improvement reflects both higher occupancy rates and stronger average daily rates across its properties, with city and resort hotels posting notable double-digit RevPAR growth. Advertisement
During the quarter, EBITDA grew by 17% to INR 161 crore, while the operating margin expanded to 25.2%, up 70 basis points from the previous quarter. Net income rose 8.4% year-on-year, with net margins standing at 19.6%. Cash flow from operations also remained robust at 110.1% of net income, reflecting strong financial health.
CEO Anuraag Bhatnagar highlighted that these results underscore the company's operational strength and its ability to sustain profitability. He noted that strategic initiatives and ongoing portfolio enhancements have been key drivers of growth. The company is maintaining its forecast to deliver mid-to-high teens EBITDA growth for the financial year, underpinned by healthy operational momentum.
Additionally, Leela Palaces has embarked on an international expansion, opening a new property in Dubai's Palm Jumeirah, a renowned luxury destination. This move reflects the company's focus on extending its hospitality offerings to a global audience and strengthening its brand presence internationally.
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