Brigade Hotel Ventures Ltd reported a 140% year-on-year increase in consolidated profit after tax (PAT) to ₹17 crore for the first quarter ended June.
The sharp bottom-line expansion was primarily driven by robust occupancy levels and rising revenue streams in Bengaluru, reflecting sustained demand in India's key technology and business hub.
Leela Palaces Hotels and Resorts recently reported a consolidated net profit of ₹48.
The company's performance underscores the resilience of the Indian hospitality sector, particularly in tier-one cities where corporate travel and leisure bookings have stabilized.
Brigade Hotel's results align with a broader industry trend of earnings recovery, as operators capitalize on improved asset utilization and pricing power.
This positive momentum is echoed by peers in the sector.
Leela Palaces Hotels and Resorts recently reported a consolidated net profit of ₹48.8 crore for the same quarter, marking a more than five-fold increase from the ₹8.7 crore recorded in the prior year period.