Lemon Tree Hotels Limited (NSE: LEMONTREE) is a hospitality company that operates a chain of hotels across India. Lemon Tree Hotels caters to different segments of the hospitality market, offering a range of accommodation options from economy to upscale hotels. The company’s hotels are designed to appeal to a diverse range of guests, including business travelers, leisure travelers, and families. The hotels also offer a range of amenities, such as restaurants, bars, swimming pools, fitness centers, and spas.
In terms of earnings, Revenue from Operations for Q3 FY23 was ₹233.54 crore, an increase from ₹143.65 crore in the same period last year. The third quarter’s other income, which contributed ₹0.56 Crore to the Total Revenue. Meanwhile, the Profit Before Tax improved to ₹59.20 Crore from loss of ₹3.21 Crore from the same quarter previous year. The Consolidated Net Profit was ₹48.59 crore, up from loss of ₹5.22 crore in the same quarter last year. This quarter’s earnings per share was ₹0.51.
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