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 major’s revenue jumped 28% to Rs 352 crore. Its share closed at up 5.46% at Rs 494.25 on BSE Friday when the broader market was up 0.2%.Leela Palaces Hotels & Resorts whole-time director and CEO Anuraag Bhatnaga said: “Our first quarter performance outperforming industry reflects the enduring strength of The Leela brand and the structural opportunity we see in India’s underserved luxury hospitality market. We delivered a 28% operating revenue growth and a 41% rise in operating EBITDA, demonstrating the strong operating leverage of our business model. Our robust RevPAR growth at 17% despite temporary international travel headwinds was the result of our continued ADR leadership and successfully capitalising on growing domestic leisure and MICE demand. As we celebrate 40 years of The Leela legacy of True Indian Luxury, we continue to invest in our brand, our people and our growth pipeline, positioning The Leela to lead the next decade of luxury travel in India.”The company’s revenue per available room increased 17% year-on-year to Rs 13,982, led by a 10% rise in average daily rate to Rs 20,722 and a 4% improvement in occupancy to 67.5% on an expanded portfolio including Coorg.The Leela’s portfolio comprises 15 operating properties (4,162 keys) across owned, operated, and managed hotels and another 10 (1,095 keys) in the pipeline across leading leisure and business destinations in India and Dubai.“The company continues to execute its capital-efficient growth strategy by expanding into India’s highest-value luxury destinations while maintaining a balanced portfolio of owned and managed assets,” Leela said in a statement. During Q1FY27, it Company signed a concession agreement for a new 30-key wildlife resort in the Tadoba Tiger Reserve, Maharashtra, with an estimated capex of Rs 120 crore and completion targeted for CY30.