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.