Revenue Growth and Profitability Improve Amid Industry Recovery
New Delhi, February 4, 2025 – Lemon Tree Hotels Limited (NSE: LEMONTREE, BSE: 541233) has reported robust financial results for the quarter and nine months ended December 31, 2024. The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting on February 4, 2025.
Key Financial Highlights (Q3 FY25)
Consolidated Financial Performance
| Metric (₹ Lakhs) | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|
| Revenue from Operations | 35,517.69 | 28,425.73 | 29,018.43 | 90,756.25 | 74,781.09 |
| Total Income | 38,642.11 | 28,484.12 | 29,868.14 | 97,305.73 | 77,311.68 |
| EBITDA | 12,544.07 | 9,377.28 | 10,435.61 | 32,579.88 | 26,174.29 |
| Profit Before Tax | 5,298.29 | 3,252.27 | 3,355.54 | 15,046.29 | 10,305.97 |
| Net Profit After Tax | 7,984.41 | 3,503.69 | 4,374.29 | 13,590.01 | 9,784.61 |
| EPS (₹ per share, Basic) | 0.79 | 0.37 | 0.45 | 1.41 | 1.03 |
Lemon Tree Hotels posted a
22% YoY growth in revenue from operations, driven by higher occupancy rates and improved average room rates.
Net profit surged by 82.5% YoY, reflecting operational efficiencies and cost control measures.
Standalone Financial Performance
| Metric (₹ Lakhs) | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|
| Revenue from Operations | 10,220.64 | 8,699.74 | 10,207.48 | 23,799.04 | 25,497.99 |
| Total Income | 10,446.57 | 8,716.87 | 10,698.26 | 27,468.38 | 26,029.42 |
| EBITDA | 3,212.71 | 2,874.63 | 3,451.89 | 9,564.27 | 8,967.30 |
| Net Profit After Tax | 2,849.93 | 1,936.17 | 3,382.19 | 6,452.91 | 6,157.41 |
| EPS (₹ per share, Basic) | 0.36 | 0.24 | 0.43 | 0.81 | 0.78 |
Standalone revenues were
flat YoY, but profitability improved due to strategic cost-saving initiatives. The standalone net profit declined slightly compared to Q3 FY24 but showed sequential growth.
Strategic Developments
Expansion & New Property Launches
- Aurika, Mumbai Skycity: A key subsidiary, Iora Hotels Pvt. Ltd., commenced operations at India's largest inventory hotel under the Aurika brand on October 5, 2024. The hotel features 669 aesthetically designed rooms, dining spaces, entertainment facilities, and world-class service.
Leadership Changes
- Ms. Rashi Goel Appointed as Company Secretary & Compliance Officer: Effective February 5, 2025, Ms. Goel, with over 14 years of expertise in corporate governance, SEBI regulations, and fundraising, replaces Mrs. Jyoti Verma.
Management Commentary
Mr. Patu Keswani,
Chairman & Managing Director, stated:
"We are pleased with our strong financial performance, reflecting the industry’s continued recovery and our focus on efficiency. Our strategic expansion, including the launch of Aurika Mumbai Skycity, strengthens our brand positioning. We remain optimistic about sustained growth in the hospitality sector.”
Outlook & Market Positioning
- The company is optimistic about continued revenue growth supported by strong demand in the hospitality industry.
- Focus remains on asset-light expansion, leveraging management contracts and strategic partnerships.
- Lemon Tree aims to enhance operational efficiency and cost management to sustain profitability growth.
With a
strong quarter and an expanding portfolio, Lemon Tree Hotels is well-positioned for sustained growth in India's hospitality sector.
Revenue Growth and Profitability Improve Amid Industry Recovery
New Delhi, February 4, 2025 – Lemon Tree Hotels Limited (NSE: LEMONTREE, BSE: 541233) has reported robust financial results for the quarter and nine months ended December 31, 2024. The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting on February 4, 2025.
Key Financial Highlights (Q3 FY25)
Consolidated Financial Performance
| Metric (₹ Lakhs) | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|
| Revenue from Operations | 35,517.69 | 28,425.73 | 29,018.43 | 90,756.25 | 74,781.09 |
| Total Income | 38,642.11 | 28,484.12 | 29,868.14 | 97,305.73 | 77,311.68 |
| EBITDA | 12,544.07 | 9,377.28 | 10,435.61 | 32,579.88 | 26,174.29 |
| Profit Before Tax | 5,298.29 | 3,252.27 | 3,355.54 | 15,046.29 | 10,305.97 |
| Net Profit After Tax | 7,984.41 | 3,503.69 | 4,374.29 | 13,590.01 | 9,784.61 |
| EPS (₹ per share, Basic) | 0.79 | 0.37 | 0.45 | 1.41 | 1.03 |
Lemon Tree Hotels posted a
22% YoY growth in revenue from operations, driven by higher occupancy rates and improved average room rates.
Net profit surged by 82.5% YoY, reflecting operational efficiencies and cost control measures.
Standalone Financial Performance
| Metric (₹ Lakhs) | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|
| Revenue from Operations | 10,220.64 | 8,699.74 | 10,207.48 | 23,799.04 | 25,497.99 |
| Total Income | 10,446.57 | 8,716.87 | 10,698.26 | 27,468.38 | 26,029.42 |
| EBITDA | 3,212.71 | 2,874.63 | 3,451.89 | 9,564.27 | 8,967.30 |
| Net Profit After Tax | 2,849.93 | 1,936.17 | 3,382.19 | 6,452.91 | 6,157.41 |
| EPS (₹ per share, Basic) | 0.36 | 0.24 | 0.43 | 0.81 | 0.78 |
Standalone revenues were
flat YoY, but profitability improved due to strategic cost-saving initiatives. The standalone net profit declined slightly compared to Q3 FY24 but showed sequential growth.
Strategic Developments
Expansion & New Property Launches
- Aurika, Mumbai Skycity: A key subsidiary, Iora Hotels Pvt. Ltd., commenced operations at India's largest inventory hotel under the Aurika brand on October 5, 2024. The hotel features 669 aesthetically designed rooms, dining spaces, entertainment facilities, and world-class service.
Leadership Changes
- Ms. Rashi Goel Appointed as Company Secretary & Compliance Officer: Effective February 5, 2025, Ms. Goel, with over 14 years of expertise in corporate governance, SEBI regulations, and fundraising, replaces Mrs. Jyoti Verma.
Management Commentary
Mr. Patu Keswani,
Chairman & Managing Director, stated:
"We are pleased with our strong financial performance, reflecting the industry’s continued recovery and our focus on efficiency. Our strategic expansion, including the launch of Aurika Mumbai Skycity, strengthens our brand positioning. We remain optimistic about sustained growth in the hospitality sector.”
Outlook & Market Positioning
- The company is optimistic about continued revenue growth supported by strong demand in the hospitality industry.
- Focus remains on asset-light expansion, leveraging management contracts and strategic partnerships.
- Lemon Tree aims to enhance operational efficiency and cost management to sustain profitability growth.
With a
strong quarter and an expanding portfolio, Lemon Tree Hotels is well-positioned for sustained growth in India's hospitality sector.