Lemon Tree Hotels Expands Presence in India with New Properties in Gujarat and Haryana, ET HospitalityWorld
Hotels
1 min read
Lemon Tree Hotels signs two new properties in Gujarat & Haryana
Lemon Tree Premier, Somnath will feature 70 rooms, a restaurant, a banquet, a meeting room, a swimming pool, a spa and other public areas while Keys Lite by Lemon Tree Hotels, Ambala will have 44 rooms, a restaurant, F & B venues like lounge, pool deck, a banquet hall, a swimming pool, a fitness centre and other public areas.
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Economic Times
14 hours ago
- Economic Times
Buy Lemon Tree Hotels, target price Rs 174: ICICI Securities
Lemon Tree Hotels' key products/revenue segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 379.40 crore, up 6.63% from last quarter Total Income of Rs 355.80 crore and up 13.65 % from last year same quarter Total Income of Rs 333.84 crore. The company has reported net profit after tax of Rs 108.77 crore in the latest quarter. The company?s top management includes Govind Keswani, Malhan, Albertus Hazeleger, Madhav Keswani, Jamshed Desai, Saikia, Anand, Garg, Nandan Sahai. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 79 crore shares outstanding. Live Events Investment Rationale Lemon Tree Hotels reported Q4FY25 consolidated revenue of Rs 3.8 billion (up 15% YoY) in-line with I-Sec estimates as portfolio ARRs (including Mumbai Aurika) grew 7% YoY, while occupancy for the quarter stood at 77.6%, which increased 557bps YoY. This translated into a RevPAR of Rs 5,462, rising 15% YoY. Hence, Q4FY25 EBITDA of Rs 2 billion was up 19% YoY at a margin of 54%, which was up 154bps YoY. ICICI Securities expects the company's net debt to reduce to ~Rs 11 billion by Mar'27E (Rs 17 billion, as of Mar'25) driven by scale-up in Aurika Mumbai ARRs to over Rs 12,000. The brokerage retains the BUY rating with an SoTP-based target price of Rs 174, based on 22x Mar?27E EV/EBITDA. Key risks are demand slowdown in occupancies and room rates. Promoter/FII Holdings Promoters held 22.49 per cent stake in the company as of 31-Mar-2025, while FIIs owned 20.89 per cent, DIIs 19.66 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has a buy call on Lemon Tree Hotels with a target price of Rs 174. The current market price of Lemon Tree Hotels is Rs 141.3. Lemon Tree Hotels. incorporated in 1992, is a Mid Cap company with a market cap of Rs 11188.90 crore, operating in the Tourism & Hospitality Tree Hotels' key products/revenue segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 379.40 crore, up 6.63% from last quarter Total Income of Rs 355.80 crore and up 13.65 % from last year same quarter Total Income of Rs 333.84 crore. The company has reported net profit after tax of Rs 108.77 crore in the latest company?s top management includes Govind Keswani, Malhan, Albertus Hazeleger, Madhav Keswani, Jamshed Desai, Saikia, Anand, Garg, Nandan Sahai. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 79 crore shares Tree Hotels reported Q4FY25 consolidated revenue of Rs 3.8 billion (up 15% YoY) in-line with I-Sec estimates as portfolio ARRs (including Mumbai Aurika) grew 7% YoY, while occupancy for the quarter stood at 77.6%, which increased 557bps YoY. This translated into a RevPAR of Rs 5,462, rising 15% YoY. Hence, Q4FY25 EBITDA of Rs 2 billion was up 19% YoY at a margin of 54%, which was up 154bps YoY. ICICI Securities expects the company's net debt to reduce to ~Rs 11 billion by Mar'27E (Rs 17 billion, as of Mar'25) driven by scale-up in Aurika Mumbai ARRs to over Rs 12,000. The brokerage retains the BUY rating with an SoTP-based target price of Rs 174, based on 22x Mar?27E EV/EBITDA. Key risks are demand slowdown in occupancies and room held 22.49 per cent stake in the company as of 31-Mar-2025, while FIIs owned 20.89 per cent, DIIs 19.66 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
14 hours ago
- Time of India
Buy Lemon Tree Hotels, target price Rs 174: ICICI Securities
ICICI Securities has a buy call on Lemon Tree Hotels with a target price of Rs 174. The current market price of Lemon Tree Hotels is Rs 141.3. Lemon Tree Hotels. incorporated in 1992, is a Mid Cap company with a market cap of Rs 11188.90 crore, operating in the Tourism & Hospitality sector. Lemon Tree Hotels' key products/revenue segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 379.40 crore, up 6.63% from last quarter Total Income of Rs 355.80 crore and up 13.65 % from last year same quarter Total Income of Rs 333.84 crore. The company has reported net profit after tax of Rs 108.77 crore in the latest quarter. The company?s top management includes Govind Keswani, Malhan, Albertus Hazeleger, Madhav Keswani, Jamshed Desai, Saikia, Anand, Garg, Nandan Sahai. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 79 crore shares outstanding. Investment Rationale Lemon Tree Hotels reported Q4FY25 consolidated revenue of Rs 3.8 billion (up 15% YoY) in-line with I-Sec estimates as portfolio ARRs (including Mumbai Aurika) grew 7% YoY, while occupancy for the quarter stood at 77.6%, which increased 557bps YoY. This translated into a RevPAR of Rs 5,462, rising 15% YoY. Hence, Q4FY25 EBITDA of Rs 2 billion was up 19% YoY at a margin of 54%, which was up 154bps YoY. ICICI Securities expects the company's net debt to reduce to ~Rs 11 billion by Mar'27E (Rs 17 billion, as of Mar'25) driven by scale-up in Aurika Mumbai ARRs to over Rs 12,000. The brokerage retains the BUY rating with an SoTP-based target price of Rs 174, based on 22x Mar?27E EV/EBITDA. Key risks are demand slowdown in occupancies and room rates. Promoter/FII Holdings Promoters held 22.49 per cent stake in the company as of 31-Mar-2025, while FIIs owned 20.89 per cent, DIIs 19.66 per cent.
Time of India
4 days ago
- Time of India
Lemon Tree Hotels Expands Presence in India with New Properties in Gujarat and Haryana, ET HospitalityWorld
Hotels 1 min read Lemon Tree Hotels signs two new properties in Gujarat & Haryana Lemon Tree Premier, Somnath will feature 70 rooms, a restaurant, a banquet, a meeting room, a swimming pool, a spa and other public areas while Keys Lite by Lemon Tree Hotels, Ambala will have 44 rooms, a restaurant, F & B venues like lounge, pool deck, a banquet hall, a swimming pool, a fitness centre and other public areas.
