Latest news with #LemonTree
Mint
3 days ago
- Business
- Mint
Best stocks to buy today: Expert Raja Venkatraman's recommendations for 4 June
Indian stock market suffered significant losses on Tuesday tracking weak global cues and amid growing concerns over stretched valuations and foreign capital outflow. The Sensex closed 636 points, or 0.78 per cent, lower at 80,737.51, while the Nifty 50 settled at 24,542.50, down 174 points, or 0.70 per cent, extending losses to the third consecutive session. Here are three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader NFL: Buy (Cmp ₹107.32) Buy COCHINSHIP: (Cmp 2034.70) Also Read: Lemon Tree's earnings bloom in FY25—now it must trim the debt Buy TCIEXP (Cmp ₹805.35) Also Read: Cummins India is upbeat after exports boosted Q4. But competition's heating up. Stock Market Recap In a turbulent trading session on Tuesday, the market participants witnessed a deepening of bearish sentiment. The day was marked by significant pressure across major equity benchmarks, with the Nifty 50 falling short of the critical 24,550 level—a clear signal of the mounting caution in the market. The broader Sensex echoed this downturn by retreating 636.24 points, equivalent to a loss of 0.78 percent, closing at 80,737.51. Similarly, the Nifty index fell by 174.10 points, or 0.70 percent, reflecting the widespread sell-off that permeated the session. Meanwhile, among the cross-section of indices, the BSE Midcap index slipped by around 0.5 percent, and the smallcap index managed to hold steady despite the prevailing market pressures. Notably, the Nifty Bank index, despite reaching an extraordinary record high of 56,161 in prior trading, reversed course later in the day, underscoring the volatility that gripped the market. Outlook for Trading After testing our patience for the last few days the Nifty finally gave up as the overall sentiment continues to favour the sellers. In the last report we had mentioned 'momentums on hourly charts are indicating that the prices after settling down seems to have witnessed a resumption of selling pressure". Markets moved very much in line to head lower as the trends could not muster enough momentum. One the charts we note that the median line has been broken and potential to move lower has now opened. Taking some cues from the Option data, we can add that the higher levels around 24600 to 24800 are having steady Call writers and the lower side remains open with some meaningful Put writing at 24000 highlights that if the selling steps up the potential to move towards 24000 emerges as the gap support also exists at that zone. The trend that is emerging clearly suggests that the rally seen last week was a holding the resistance zone and the gap up opening ensured that the prices traded above the range area that developed in the last few days. Hence , one should track the trends that are in progress as upmove needs to continue their way above 25000 (Nifty Spot)to renew the bullish bias. Momentums on hourly charts are indicating that the prices after settling down seems to have witnessed a resumption of selling pressure. With the gradual and hesitant rise emerging from lower levels we can expect the rise to remain hesitant. For undertaking shorts, we need to see Nifty move below 24500 which is the immediate support for a drop to 24200 and 24050 as per the Open Interest data. If we witness a 30-minute range breakdown on Wednesday we can consider to trade on either side as the trends still remain tentative where we expect some resistances to kick in. Clearly there is an absence of trends in the indices while the stock specific action continues. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
30-05-2025
- Business
- Business Standard
Lemon Tree Q4 PAT rises 26% YoY to Rs 85 cr
Lemon Tree Hotels reported a 26.37% jump in consolidated net profit to Rs 84.64 crore, while revenue from operations rose 15.64% to Rs 378.51 crore in Q4 March 2025 over Q4 March 2024. Profit before tax (PBT) stood at Rs 122.25 crore in Q4 FY25, up 37.31% year-on-year and 22.85% quarter-on-quarter. EBITDA came in at Rs 205 crore, registering a 17% increase YoY and an 11% rise sequentially. The EBITDA margin stood at 54% in Q4 FY25, supported by operating leverage and cost optimization initiatives. During the quarter, gross ARR (average revenue per room) increased 7% YoY to Rs 7,042 crore during the quarter, while the occupancy rate jumped to 77.6% in Q4 FY25. RevPAR (revenue per available room) jumped 15% to Rs 5,462 crore in Q4 FY25, compared with Rs 4,754 crore in Q4 FY24. Patanjali Keswani, chairman & managing director, Lemon Tree Hotels, said, In Q4, this year Lemon Tree recorded its highest-ever fourth-quarter revenue. At Rs 379.4 crore, our revenue grew by 15% compared to Q4 last year, while net EBITDA grew 17% Y-o-Y to Rs 205.0 crore, translating into a net EBITDA margin of 54.0%, which increased by 109 bps Y-o-Y. Fees from management and franchised contracts for third-party-owned hotels stood at Rs 16 crore in Q4 FY25, an increase of 11% Y-o-Y. Fees from Fleur Hotels stood at Rs 28.3 crore in Q4 FY25, an increase of 19% Y-o-Y. Total management fees for Lemon Tree stood at Rs 44.4 crore in Q4 FY25, an increase of 16% Y-o-Y, and Rs 149 crore for the full year, an increase of 22% over FY24. The company's profit after tax stood at Rs 108.1 crore in Q4 FY25, an increase of 29% Y-o-Y. Cash profit for the company stood at Rs 143.0 crore in Q4 FY25, an increase of 22% Y-o-Y. Total cash profit generated by the company during FY25 stood at Rs 382.4 crore, an increase of 30% over FY24. The debt for the company decreased by Rs 190 crore during the year, from Rs 1889 crore in FY24 to Rs 1699 crore in FY25. The debt/EBITDA ratio in FY25 for the company stood at 2.67x, which is a 25% reduction over 3.57x in FY24. On the asset-light side, in Q4 we signed 15 new management and franchise contracts, adding 833 new rooms to our pipeline, and operationalized 2 hotels, adding 121 rooms to our operational portfolio. As of March 31, 2025, the total inventory for the group stands at 212 hotels and 17,116 rooms, divided into 10,269 rooms and 111 hotels being operational and the rest in the pipeline. Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels. Shares of Lemon Tree Hotels (LTHL) fell 1.22% to Rs 140.50 on the BSE.
Mint
29-05-2025
- Business
- Mint
Lemon Tree Hotels expects strong revenue growth in FY26, lifted by biz travel
Hospitality chain Lemon Tree Hotels expects a strong revenue growth this fiscal year, lifted by a rebound in business travel and expansion across its various hotel segments. The positive outlook is underpinned by rising room rates and increasing occupancy levels, the company said. The company has also seen a stabilization of key assets like its 670-room Aurika Mumbai hotel, which have helped buoy its revenue. Also Read | The great hotel rush to India's least explored corner Lemon Tree Hotels' chairman and managing director Patanjali G. Keswani, speaking exclusively to Mint, said the company crossed ₹100 crore in quarterly net profit for the first time in January-March 2025, driven by strong occupancies in core business hubs. With 100 new hotels in the pipeline and a push to list its Fleur Hotels subsidiary to become debt-free, Keswani said Lemon Tree is positioning itself to tap rising demand for branded hotels across India—including in the vast unorganized sub-40-room segment—as more Indian households begin to travel. For the fiscal year ended 31 March 2025, the company on Thursday reported a revenue from operations of ₹1,286 crore, up 20% from FY24's ₹1,071 crore. Net profit for the year rose 34% to ₹243.1 crore. Also Read | Lemon Tree eyes shared loyalty alliances with international hotel chains "Our growth was driven across our various brands, and across the board, partly driven by occupancy and partly by average room rates. In Q4, Aurika Mumbai also stabilized and our occupancy stood at 77-78%, growing 6-7% year-on-year," he said. Business travel has now returned to normal for the company. Markets like Hyderabad maintained their occupancy upwards of 80%, he said. Mumbai, Bengaluru and Delhi also picked up in terms of occupancies as well as room rates. "Most of our key markets—which anyway are focused on business travel—did well, with some cities like Bengaluru picking up. This helps as a large part of our capital structure is in business hotels and this led to us crossing ₹100 crore of net profit in a quarter," he added. Also Read | Lemon Tree's renovation drive leaves little room for re-rating The hospitality company with a market capitalization of more than ₹10,000 crore currently operates 116 hotels, consisting of 41 owned properties with about 5,800 rooms, and 75 managed hotels with around 4,900 rooms. The company is also developing 100 new hotels, which will add approximately 6,600 rooms to its portfolio. Since April 2024, it has signed about 50 new hotels across various locations in the country. In September, Fleur Hotels Pvt. Ltd was converted from a private limited company into an unlisted public company, with plans to list it by December 2026 to pare debt and fuel expansion. Fleur, which houses flagship properties like Lemon Tree Premier, Delhi Aerocity and Aurika Mumbai International Airport, and a few owned hotels, is expected to generate over ₹700 crore in annual Ebitda post-listing, with management fees from it contributing ₹150-180 crore annually to the parent company. "It will be our top-priority to list Fleur and go debt free, but even if we don't list it, it will be debt free in the next three years," he said. For Q1 FY26, he said some business demand for hotels and retail demand too came down owing to the Pahalgam terror attack as well as the subsequent resurgence of covid. "But despite that we do see that we will do mid-teens growth in Q1 and the full year on a same store and same hotel basis. Basis this, the company expects to target a mid-teen revenue growth this fiscal." The company had been spending on renovating its rooms across various hotels and has spent about ₹100-130 crore a year for the last two years. This will continue into FY26 as well. "We are maintaining and in some hotels increasing our Ebitda margins in spite of increasing our renovation costs. Costs in technology upgradation, distribution, payroll, marketing spends have also increased. Despite that, our revenue growth is greater than our cost growth," he added. The company is renovating the entire Keys portfolio, which operates in the budget to midmarket segment. Lemon Tree acquired this portfolio of hotels in 2019, which added about 7,800 rooms and about 77 hotels to its portfolio then. The Keys portfolio includes three distinct brands: Keys Prima, Keys Select and Keys Lite. When Mint spoke to Keswani in December 2024, he outlined the company's strategy to capture future growth as demand for branded hotel rooms in the country is expected to outpace supply. Keswani said the company planned to leverage its strong brand presence and move up the pricing curve. He said that Lemon Tree had added more rooms in the past 12 years than any other hotel chain in the country. In December, Keswani also spoke about plans to create a brand to capture the vast unorganized hotel segment of sub-40-room properties across the country's smaller cities, aiming to tap into an under-penetrated market of over 1.2 million such rooms. Currently, India has about 200,000 branded hotel rooms, a number which is expected to grow to 300,000 by FY30. The country's growing economy and rising domestic travel, he said, are likely to push the number of households using branded hotels to 30 million, from the current five million, creating unprecedented demand for organized accommodation.
Epoch Times
06-05-2025
- General
- Epoch Times
Fantastical Porcelain Florals at The Frick Collection
The Frick Collection's reopening after a five-year renovation has been heralded as a triumph. One of the wondrous things about visiting the museum right now is its special exhibition 'Porcelain Garden: Vladimir Kanevsky at The Frick Collection,' on view through Oct. 6, 2025. Installed throughout the museum's premises, including galleries on both the first and second floor and the Garden Court, are 19 breathtakingly intricate floral installations by the Ukrainian-born Kanevsky. Cohesively installed alongside diverse fine and decorative arts from the institution's permanent collection, these sculptures range in scale, form, and color. Each one enchants the viewer with its special blend of botanical accuracy and artistry. Kanevky's Floral Displays "Lemon Tree," 2024–2025, by Vladimir Kanevsky is installed in the Garden Court. Soft-paste porcelain, parian body, glazes, and copper. The Frick Collection, New York City. (Joseph Coscia Jr.) Kanevsky was born in 1951 in Kharkiv, Ukraine, then part of the Soviet Union, but now lives and works in Fort Lee, New Jersey. While living in Russia, he studied architecture and sculpture, which proved to be integral foundations for his later porcelain practice. In 1989, he immigrated to New York—he had only $100 and spoke no English. Kanevsky took another leap of faith when he responded to a job ad for an artist who could produce an 18th-century porcelain tureen in the shape of a melon. He attempted the commission, which came from a prominent interior designer with a shop on Manhattan's Upper East Side. The piece was a success. Then, Kanevsky explored porcelain flowers, as he had been fascinated by botany since childhood. Detail of Vladimir Kanevsky's "Lemon Tree," 2024–2025, in the Frick's Garden Court. (Joseph Coscia Jr.) He compares floral structures to architecture, and he enjoys the technical challenges inherent in his work, which has been exhibited internationally, from Saint Petersburg's State Hermitage Museum to Washington's Hillwood Estate, Museum & Gardens. Tastemakers and style icons, including Jacqueline Kennedy Onassis, Oscar de la Renta, Valentino, and Martha Stewart have collected his work. Kanevsky says that 'Flowers are arguably the most prevalent topic in the history of art and architecture. Their cultural and symbolic significance offered infinite possibilities for artists.' His work is greatly inspired by traditional European porcelain dating to the 18th century, of which the Frick has a superb collection. The museum possesses examples from the leading French, German, and Viennese makers. An exquisite tableau in the exhibition inserts three Kanevsky tulips with delicate petals into a Du Paquier Manufactory vase. Each flower the artist makes is meticulously sculpted and hand-painted. Related Stories 4/30/2025 4/20/2025 "Tulip Stems," 2024–2025, by Vladimir Kanevsky is installed in the Du Paquier Passage. Soft-paste porcelain, glazes, overglaze, and copper. The Frick Collection, New York City. (Joseph Coscia Jr.) A Tribute to Helen Frick The exhibition, the culmination of a three-year collaboration between the artist and the Frick's curatorial team, is an homage to the museum's floral displays from its original 1935 opening. At that time, Henry Clay Frick's daughter, Helen, chose each room's fresh floral arrangement. "Lilies of the Valley," 2024–2025, by Vladimir Kanevsky are installed in the Boucher Room. Soft-paste porcelain, parian body, and copper. The Frick Collection, New York City. (Joseph Coscia Jr.) Xavier F. Salomon, the Frick's Deputy Director and Peter Jay Sharp Chief Curator, commends Kanevsky's tribute to the museum's 1935 inaugural floral displays. He says that the Contemporary artist's 'porcelain creations allow us to honor this tradition—along with the museum's important collections of historic porcelain and ceramics. His artistry bridges past and present, echoing the museum's longstanding dedication to beauty and innovation.' In two of the galleries, Kanevsky has repeated Helen's selections with his installation of camellias in the Library and lilies of the valley in the Boucher Room, part of the newly opened second-floor family rooms. "Lilies of the Valley," 2024–2025, by Vladimir Kanevsky are installed in the Boucher Room. Soft-paste porcelain, parian body, and copper. The Frick Collection, New York City. Joseph Coscia Jr. The other porcelain works honor Helen's intentions while juxtaposing different plants and flowers with the displayed art, inspiring reflection and conversation among viewers. One poignant tribute is the vibrant and ripe 'Pomegranate Plant' in the Gold-Grounds Room. After her father's death, Helen pursued acquiring religious Early Italian Renaissance paintings with gold leaf surfaces to add to t he Frick's holdings. Post-renovation, these works have been assembled together for display in her former bedroom. "Pomegranate Plant," 2024–2025, by Vladimir Kanevsky is installed in the Gold-Grounds Room. Soft-paste porcelain, glazes, copper, and terracotta. The Frick Collection, New York City. Joseph Coscia Jr. 'Pomegranate Plant' is dramatically situated in front of the room's mantle. The Frick writes that the sculpture 'is a tribute to a plant whose fruits are frequently represented in early Italian paintings and would have been well known by the artists represented in this gallery.' Above the mantle is a small but sumptuous picture by Gentile da Fabriano (circa 1370– 1427), who is considered among the greatest painters of his era. Born in the Marches region, he worked throughout Italy, from Milan and Rome to Venice and Tuscany. Patrons included the pope and the doge. His lyrical, highly detailed paintings are characterized by delicate brushwork, rich colors, and elaborate textile patterns. Additionally, Gentile was highly skilled in the application and tooling of gold leaf backgrounds. The Frick's ' ' dates from 1423 to 1425 and may have been made for a private patron's family chapel. At its center is the Madonna with the Christ Child, rendered in elegant, flowing lines. Gentile's advanced interest in naturalism is visible in the realistic, portrait-like heads of Saint Lawrence at left and Saint Julian the Hospitaler at right. Fragonard Room The Fragonard Room on the museum's first floor displays 14 panels by the French artist Jean-Honoré Fragonard. Joseph Coscia Jr. In contrast to the Gold-Grounds Room, the first floor Fragonard Room was assembled during Henry Clay Frick's lifetime and has been a visitor favorite at the museum since its opening. Initially, Mr. and Mrs. Frick used the space as their Drawing Room. A year after their mansion was finished in 1914, they acquired a set of lovely panels by the French artist Jean-Honoré Fragonard (1732–1806), which required the reconfiguration of the room. These panels are considered among the most romantic explorations of love in all of art history. Specifically selected furniture and objets d'art were subsequently added to enhance Fragonard's artworks. The Rococo artist Fragonard was born in Grasse, located in southern France. He trained in Paris under the distinguished painters Je an-S iméon Chardin and François Boucher and became one of the most important French artists of the second half of the 18th century. Fragonard produced a large body of work that included easel paintings and large-scale decorative panels often of genre scenes. "The Progress of Love: Love Letters," 1771–1772, by Jean-Honoré Fragonard. Oil on canvas; 124 7/8 inches by 85 3/8 inches. The Frick Collection, New York City. Joseph Coscia Jr. The Frick's Fragonard Room collection features 14 pictures, with the series referred to as 'The Progress of Love.' The four principal scenes—'The Pursuit,' 'The Meeting,' 'The Lover Crowned,' and 'Love Letters'—date to a 1771 to 1772 commission. The patroness was the infamous Madame du Barry, King Louis XV of France's last mistress, and the intended setting for the works was the music pavilion of her château west of Paris. However, perhaps due to society's changing artistic tastes, she declined the finished works. Instead, they were kept, probably rolled up, by Fragonard in Paris for 20 years. Upon his move to a cousin's villa in Grasse, the canvases were finally installed. Fragonard created an additional 10 pictures to fill the house's main salon. Over 100 years later, the series passed through the hands of English dealers before selling to American financier J.P. Morgan. After his death, the powerful art dealer Joseph Duveen purchased them for $1.25 million (over $31 million today) and sold them in turn to Henry Clay Frick at cost. Kanevsky has created a lush assemblage of cascading roses for this room, as well as displays of white hyacinths. "Cascading Roses," 2024–2025, by Vladimir Kanevsky are installed in the Fragonard Room. Parian body, copper, and terracotta. The Frick Collection, New York City. Joseph Coscia Jr. The sculptures in 'Porcelain Garden: Vladimir Kanevsky at The Frick Collection' induce awe and wonder. They help physically define the museum's spaces, both old and new, and enhance communication with the permanent collection. The flowers are so lifelike that one can almost smell the bouquets, and careful examination reveals imitation insect holes on some of the leaves. Kanevsky says, 'There is everything in flowers—history, drama, structure, beauty, and fragrance.' The same can be said about the Frick Collection and its special exhibition. "Cherry Blossoms," 2024–2025, by Vladimir Kanevsky are displayed in the Oval Room alongside James McNeill Whistler's 1871–1874 Joseph Coscia Jr. 'Porcelain Garden: Vladimir Kanevsky at The Frick Collection' exhibition runs through Oct. 6, 2025 in New York City. To find out more, visit What arts and culture topics would you like us to cover? Please email ideas or feedback to
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Business Standard
25-04-2025
- Business
- Business Standard
Nelco shares slide 8% on posting Q4 nos; What's worrying investors?
Nelco share price: Shares of Nelco tumbled 7.9 per cent in trade, logging an intraday low at ₹808 per share. The counter saw selling after the company posted a weak set on fourth quarter (Q4Fy25) numbers. At 11:22 AM, Nelco shares were trading 7.13 per cent lower at ₹815.55 per share on the BSE. In comparison, the BSE Sensex was down 1.29 per cent at 78,772.54. The market capitalisation of the company stood at ₹1,860.95 crore. The 52-week high of the stock was at ₹1,500 per share and the 52-week low of the stock was at ₹647.65 per share. Nelco results The company reported its Q4 numbers after market hours on Thursday. In its fourth quarter ended March 31, 2025, Nelco reported a net loss of ₹4.08 crore as compared to a net profit of ₹6.1 crore a year ago. Its revenue for the quarter stood at ₹67.52 crore as compared to ₹81.61 crore a year ago. The company's total income for the quarter under review stood at ₹70.16 crore as compared to ₹82.34 crore. Besides, total expenses in the quarter decreased 9 per cent to ₹60.89 crore as compared to ₹66.89 crore a year ago. Nelco dividend The company's board recommended a final dividend of ₹1 per share (10 per cent) (face value of ₹10 each) for the financial year ended March 31, 2025. ALSO READ | Hotel stocks slide, IHCL, Lemon Tree, ITC Hotels down up to 6%; here's why About Nelco Nelco Limited, a part of the Tata Group, is a leading provider of satellite communication solutions in India, dedicated to empowering enterprise and government customers through innovative and customized connectivity services. With deep expertise across VSAT connectivity, Satcom Projects, and Integrated Security & Surveillance Solutions, Nelco enables organizations across various industries to unlock their full potential. Backed by robust infrastructure, strong domain knowledge, and end-to-end capabilities in consulting, system integration, customisation, and lifecycle management, we deliver reliable, flexible, and cost-effective communication solutions tailored to customer needs.
