URL copied to clipboard

Trending News

Hotel stock announces 33% YoY growth in net profits; Do you hold it?

A hotel stock reported a 33% YoY profit rise to ₹35 crore in Q2 FY25, with 24% revenue growth, reflecting strong demand and operational efficiency, boosting investor confidence.
Hotel stock announces 33% YoY growth in net profits; Do you hold it?

Introduction:

A hotel stock posted a 33% YoY net profit rise to ₹35 crore in Q2 FY25, with revenue surging 24% to ₹284.36 crore, reflecting robust demand and operational efficiency. Investor optimism remains high, as shares closed stronger ahead of the earnings announcement.

Alice Blue Image

Share Price movement of Lemon Tree Hotels Limited:

As of November 14, 2024, Lemon Tree Hotels’ stock opened at ₹118.23 and reached an intraday high of ₹122.79. It touched a low of ₹117.21 before closing at ₹121.76, reflecting steady trading activity and investor confidence in the hospitality sector.

Lemon Tree Hotels Q2 Results:

Lemon Tree Hotels reported a 33% YoY increase in net profit to ₹35 crore for Q2 FY25, up from ₹26.38 crore in the same quarter last year. Shares closed higher ahead of the earnings release, reflecting investor optimism in the company’s performance.

Revenue from operations surged 24% YoY to ₹284.36 crore in the July-September quarter, compared to ₹229.39 crore in Q2 FY24. This growth highlights robust demand and improved operational efficiency in the hospitality sector, showcasing Lemon Tree Hotel’s ability to leverage market opportunities.

Total expenses rose 22.58% YoY to ₹153.62 crore, driven by higher spending on employee benefits, power and fuel, and other operating costs. Despite increased expenses, Lemon Tree Hotel’s profitability underlines its focus on sustaining growth and maintaining a competitive edge in the hospitality industry.

Also Read: Does Intelligence Equate to Efficiency? Artificial Intelligence and Market Volatility

Recent news About Lemon Tree Hotels Limited:

Lemon Tree Hotels has recently expanded its portfolio by signing a new property in Amritsar, Punjab. The upcoming hotel, Keys Select by Lemon Tree Hotels, Amritsar, is expected to open in FY 2027 and will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. 

Stock performance of Lemon Tree Hotels Limited for Period of 1 week, 6 months and 1 year:

Lemon Tree Hotels’ stock delivered a 0.10% gain over the past week but declined 17.1% in six months. However, it managed a modest 6.95% return over the past year, reflecting mixed performance influenced by market conditions and operational factors.

Shareholding pattern of Lemon Tree Hotels Limited:

All values in %Sep-24Jun-24Mar-24
Promoters22.7722.822.88
FII21.7527.6127.09
DII18.9115.215.35
Retail & others36.5734.434.68
Alice Blue Image

About Lemon Tree Hotels Limited:

Lemon Tree Hotels Limited, a leading mid-market hotel chain in India, operates over 100 hotels across cities like Delhi NCR, Mumbai, Bengaluru, and others, with plans to expand internationally to locations like Nepal and Bhutan, complementing its existing presence in Dubai and Bhutan.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

Loading
Read More News
शीर्ष प्रदर्शन करने वाले: Vedanta और 9 अन्य स्टॉक्स ने इस सप्ताह शानदार प्रदर्शन किया!

शीर्ष प्रदर्शन करने वाले: Vedanta और 9 अन्य स्टॉक्स ने इस सप्ताह शानदार प्रदर्शन किया!

दिसंबर 2024 के शीर्ष स्टॉक्स को जानें, जिसमें उच्च प्रदर्शन करने वाले शेयरों, प्रभावी निवेश रणनीतियों, और आपके निवेश

Purple United Sales IPO तीसरे दिन 148.90x सब्सक्रिप्शन के साथ बढ़ा – पूरी जानकारी यहां देखें

Purple United Sales IPO ने तीसरे दिन 148.90x विशाल सब्सक्रिप्शन के साथ समाप्त – पूरी जानकारी प्राप्त करें!

Purple United Sales IPO ने तीसरे दिन 148.90x की प्रभावशाली सब्सक्रिप्शन प्राप्त की, जो मजबूत मांग, सकारात्मक बाजार भावना, और