Lemon Tree Hotels Posts 32.6% Profit Rise in Q2

15 Nov 2024 , 12:38 AM

Lemon Tree hotels Limited announced its Q2 result on Thursday, November 14, 2024. The Indian Hotel Chain Lemon Tree Hotels Limited reported a net profit of ₹35 Crore which is a 32.6% year-on-year surge in the net profit.

Lemon Tree hotels, an Indian hotel chain, reported net profit of ₹20.4 Crore in the corresponding quarter of the previous year, according to the regulatory filing report from the company.

Its operating revenues went up to ₹284.4 Crore, indicating a growth of 24% in the same quarter of the previous financial year. The net profit last year for the lemon Tree hotels came to ₹229.4 Crore.

In the quarter that closed on 30 September, 2024, EBITDA margin was reported to have surged 46% while in the same quarter last year it was 45%. Gross average room rate in the quarter of September has been reported at ₹5902. This is presumed to be up 3.8% from the previous quarter that reports ₹5686 in Q1 FY 25. Lemon Tree Hotel closes at ₹122 in the National Stock Exchange that has marked a 3.3% surge then the previous close.