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 31-12-2024, the company has reported a Consolidated Total Income of Rs 355.80 crore, up 24.91% from last quarter Total Income of Rs 284.84 crore and up 22.32% from last year same quarter Total Income of Rs 290.87 crore. The company has reported net profit after tax of Rs 79.76 crore in the latest quarter. The company’s top management includes Mr.Patanjali Govind Keswani, Mr.Niten Malhan, Mr.Willem Albertus Hazeleger, Mr.Aditya Madhav Keswani, Ms.Freyan Jamshed Desai, Mr.Paramartha Saikia, Ms.Smita Anand, Mr.Praveen Garg, Mr.Sanjiv Nandan Sahai. The company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2024, the company has a total of 79 crore shares outstanding.Investment Rationale
Lemon Tree Hotels’ current net debt is ~Rs 17 billion, which is a key monitorable in HDFC Securities’ view. Lemon Tree expects to become debt-free with the help of listing of Fleur hotels (asset-heavy subsidiary) in the next 2-3 years. The brokerage expects Lemon Tree Hotels to continue to benefit from buoyant discretionary spending and demand tailwinds of the sector. They largely maintain the estimates for Lemon Tree and continue with a BUY rating and an unchanged target price of Rs 155 (17x FY27 EV/EBITDA). Promoter/FII Holdings
Promoters held 22.77 per cent stake in the company as of 31-Dec-2024, while FIIs owned 20.01 per cent, DIIs 20.79 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.
