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Lemon Tree Hotels Q4FY23 Earnings Story

The third-biggest overall and largest mid-priced hotel chain in India is Lemon Tree Hotels Ltd. It operates in the upper-midscale, midscale, and economy segments of the mid-priced sector as well as the posh area. With a value for money promise, it offers distinctive yet superior service options.

Financial Results:

  • Lemon Tree Hotels Ltd. reported Total Income for Q4FY23 of ₹ 255 Crores up from ₹ 127 Crore year on year, a rise of 100%.

  • Total Expenses for Q4FY23 of ₹ 113 Crores up from ₹ 97 Crores year on year, rise of 15%.

  • Consolidated Net Profit of ₹ 59 Crores, up from ₹ (39) Crores in the same quarter of the previous year.

  • The Earnings per Share is ₹ 0.56, up from ₹ (0.31) in the same quarter of the previous year.
Tags: hotels
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