Schloss Bangalore Q1 Result: Leela Hotels EBITDA jumps 63% YoY, revenue rises 25% YoY

The newly listed company reported a consolidated net profit of ₹8.76 crore for the quarter ended June 30, 2025, as compared to a net loss of ₹75 crore in the same period last fiscal year.

Total revenue for the quarter jumped 25% YoY to ₹301 crore as compared to ₹240 crore in the previous year's similar quarter. The EBITDA for the quarter also jumped 63% to ₹128 crore as compared to ₹78.6 crore in the previous year's similar quarter.

In addition, the EBITDA margin for the quarter expanded by 980 bps to 42.5%. The margin expansion was primarily led by 20% jump the revenue from operations at ₹274 crore. The RevPAR grew 20%, driven by higher ADRs, strong occupancy.

Commenting on the results, Mr. Anuraag Bhatnagar, Chief Executive Officer, said: "Total revenue grew 25% to ₹3,013 milion, 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"

Following the earnings, shares of the company were trading at ₹447.65 apiece, falling 2.46% on NSE.

Shares of Schloss Bangalore had made its debut on the stock exchanges under the 'THELEELA' symbol on June 2 this year.

The ₹3,500 crore Leela Hotels IPO, which opened between May 26 and 28, was a mix of a fresh issuance of shares valued at ₹2,500 crore as well as an offer for sale (OFS) of ₹1,000 crore.

The public offer got bids for 209,673,852 shares as against 46,610,169 equity shares on offer, resulting in a 4.50 times subscription.

Qualified Institutional Buyers (QIBs) led the bidding with a 7.46 times subscription. This investor category submitted applications for 189,663,322 shares compared to 25,423,729 shares on offer.

The non-institutional investors (NIIs) portion received bids for 12,996,908 shares as against 12,711,864 shares reserved, leading to a 1.02 times subscription.

The retail investors applied for 7,013,622 shares compared to 8,474,576 shares on offer. Their part was subscribed 83%.

Schloss Bangalore operates luxurious hotels and resorts under "The Leela" brand name. Across 12 operations hotels, it had a portfolio of 3,382 keys as of May 31, 2024. Its portfolio includes The Leela Hotels, The Leela Palaces, and The Leela Resorts.