Latest news with #LemonTreeHotels
Business Standard
6 hours ago
- Business
- Business Standard
Lemon Tree rises after Q1 PAT spurts 93% YoY to Rs 38 crore
Lemon Tree Hotels rose 1.57% to Rs 145.60 after the company reported a 93.49% surge in consolidated net profit to Rs 38.33 crore, while revenue from operations rose 17.82% to Rs 315.77 crore in Q1 FY26 over Q1 FY25. Profit before tax during the quarter stood at Rs 62.86 crore, registering a growth of 115.2% from Rs 29.21 crore reported in Q1 FY25. EBITDA stood at Rs 142.1 crore in Q1 FY26, up 23% YoY. EBITDA margin improved to 44.8% in Q1 FY26 from 43% in Q1 FY25. During the quarter, gross ARR (average revenue per room) increased 9.67% YoY to Rs 6,236 during the quarter, while the occupancy rate jumped to 72.5% in Q1 FY26 as against 66.6% in Q1 FY25. RevPAR (revenue per available room) jumped 19.4% to Rs 4,523 in Q1 FY26, compared with Rs 3,788 in Q1 FY25, due to higher occupancy and ARR. Patanjali Keswani, chairman & managing director, Lemon Tree Hotels, said, In Q1, despite the headwinds faced by the industry due to the geopolitical tensions and covid scare, Lemon Tree recorded its highest-ever Q1 revenue. At Rs 317.4 crore, our revenue grew by 18% compared to Q1 last year. Net EBITDA grew 23% Y-o-Y to Rs 142.1 crore, translating into a Net EBITDA Margin of 44.8%, which increased by 178 bps Y-o-Y. Q1 FY26 recorded a gross ARR of Rs 6,236, which increased by 10% Y-o-Y. The occupancy for the quarter stood at 72.5%, an increase of 591 bps Y-o-Y. This translated into a RevPAR of Rs 4,523, marking a 19% year-on-year increase. The company's profit after tax stood at Rs 48.1 crore in Q1 FY26, an increase of 139% Y-o-Y. Cash profit for the company stood at Rs 82.3 crore in Q1 FY26, an increase of 51% Y-o-Y. The debt for the company stood at Rs 1,658 crore in Q1 FY26, a decrease of Rs 206 crore over the year vis-vis Rs 1,864 crore in Q1 FY25. As of 30th June 2025, the company cost of borrowing stood at 8.01% as compared to 8.80% as of 30th June 2024. We continue making significant investments in renovations, business development, technology, and renewable energy. These expenses are incremental in nature over and above the normal expenses and are necessary to prepare for LT 2.0 as highlighted in our 5-Year Plan. During the quarter approximately 350 rooms were under renovation, and we shall continue to spend on renovation in FY27, and by then the entire portfolio of owned hotels shall be fully renovated and refreshed. On the asset-light side, in Q1 FY26 we signed 14 new management and franchise contracts, adding 1,273 new rooms to our pipeline, and operationalized 5 hotels, adding 392 rooms to our operational portfolio. As of 30th June 2025, the total inventory for the group stands at 18,431 rooms in 226 hotels, of which 10,661 rooms in 116 hotels are operational and the rest are in the pipeline. Meanwhile, the company announced the appointment of Neelendra Singh as additional director and managing director for a term of five years, effective 1 October 2025, and Kapil Sharma as executive director and chief financial officer for a term of five years, effective 1 October 2025. Furthermore, the board approved the sale of the companys entire equity stake in Nettle Hotels and Madder Stays to Fleur Hotels, a material subsidiary of the company. Upon completion of the transfer, Nettle Hotels and Madder Stays will become wholly owned subsidiaries of Fleur Hotels and indirect subsidiaries of the company. Lemon Tree Hotels (LTHL) is the largest mid-priced and the third-largest overall hotel chain in India. It operates in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale, and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition.
Business Standard
2 days ago
- Business
- Business Standard
Lemon Tree Hotels consolidated net profit rises 93.49% in the June 2025 quarter
Sales rise 17.82% to Rs 315.77 crore Net profit of Lemon Tree Hotels rose 93.49% to Rs 38.33 crore in the quarter ended June 2025 as against Rs 19.81 crore during the previous quarter ended June 2024. Sales rose 17.82% to Rs 315.77 crore in the quarter ended June 2025 as against Rs 268.02 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 315.77268.02 18 OPM % 44.3742.93 - PBDT 97.0763.78 52 PBT 62.8629.21 115 NP 38.3319.81 93
Business Standard
4 days ago
- Business
- Business Standard
Lemon Tree Hotels expands its footprint in Uttar Pradesh
Lemon Tree Hotels announced the opening of Lemon Tree Hotel, Chandausi. This managed hotel is the 8th property of the group in Uttar Pradesh. The fresh and vibrant hotel with 61 rooms and suites will open in two phases. As part of Phase I, 31 well-appointed rooms have opened today, along with Citrus Caf- a multi-cuisine restaurant, and expansive banquet spaces. The remaining 30 rooms and suites, along with the Republic of Noodles Pan-Asian restaurant, Pool Bar & Grill, a fitness center, a swimming pool and the remaining banquet spaces, will open soon thereafter as part of Phase II. Commenting on the expansion, Mr. Vishvapreet Singh Cheema said, We are pleased to announce the furthering of our footprint in Uttar Pradesh with the launch of new property in Chandausi. This aligns with our vision of establishing a presence across India in cities across all tiers to become the most preferred hospitality chain in the country.
Business Standard
26-07-2025
- Business
- Business Standard
Lemon Tree Hotels launches fifth property in Himachal Pradesh
Lemon Tree Hotels has announced the opening of its fifth property in Himachal Pradesh, the Lemon Tree Hotels, Kufri. The new hotel, featuring 49 rooms and suites, will be opened in two phases. As part of Phase - I, 32 rooms and suites have opened on Friday, 25 July 2025, along with a multi-cuisine restaurant, a fitness center, an open deck Jacuzzi and other public areas. The remaining 17 rooms, along with a rejuvenating spa, will open shortly, as part of Phase - II. The hotel is managed by Carnation Hotels, a wholly-owned subsidiary and the hotel management arm of Lemon Tree Hotels. Lemon Tree Hotels' principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc., under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. The company 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. The scrip declined 1.76% to end at Rs 153.30 on the BSE.
Business Standard
16-07-2025
- Business
- Business Standard
Lemon Tree Hotels launches 6th property in Tamil Nadu
Lemon Tree Hotels has signed a license agreement viz Lemon Tree Resort, Erode, Tamil Nadu. This managed hotel is the group's sixth property in Tamil Nadu. The property shall be managed by the companys wholly owned subsidiary, Carnation Hotels. Lemon Tree Resort, Erode, Tamil Nadu, will feature 64 well-appointed rooms, Citrus Caf multi-cuisine restaurant, and a conference facility to meet the requirements of discerning guests. 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. The company 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. Shares of Lemon Tree Hotels rose 0.95% to Rs 153.50 on the BSE.
