Leela Palaces Hotels & Resorts saw operating revenue rise 28% year-on-year. Net profit increased more than fivefold to Rs 48.8 crore during the quarter. The luxury chain reported a 17% revenue per available room growth. They signed an agreement for a new wildlife resort in Maharashtra. The company continues to expand its portfolio of owned and managed assets.

Leela Palaces' Q1 net profit soars to ₹48.8 crore, a five-fold increase from last year's ₹8.7 crore.

NEW DELHI: Brookfield-backed Leela Palaces Hotels & Resorts Ltd Friday reported a profit of Rs 48.8 crore in Q1 FY, up 460% from same period in previous fiscal. The hospitality…