Profit before tax (PBT) increased 29.2% to Rs 45.26 crore during the quarter as compared with Rs 35.03 crore in Q2 FY24. EBITDA stood at Rs 131.2 crore in Q2 FY25, up 25.19% as compared with Rs 104.8 crore posted in corresponding quarter last year. EBITDA margin stood at 46.1% in Q2 FY25 as against 45.5% in Q2 FY24. During the quarter, gross ARR (average revenue per room) increased 12.03% YoY to Rs 5,902 crore during the quarter while occupancy rate declined to 68.4% in Q2 FY25 as against 71.7% in Q2 FY24. RevPAR (revenue per available room) jumped 7% to Rs 4,035 crore in Q2 FY25 as compared with Rs 3,770 crore in Q2 FY24. Patanjali Keswani, chairman & managing director, Lemon Tree Hotels, said, 'In Q2 FY25, if we exclude the increase in renovation expenses of Rs 8 crore (above that spent last year), in Q2 our Net EBITDA margin would be 48.9%, a 340 bps increase Y-o-Y. With demand growth expected to exceed supply growth in the next few years accompanied by the structural tailwinds in discretionary consumption of branded rooms that India is starting to witness, our increased investment in renovation will allow us to better position our hotels going forward to capture superior pricing and position Lemon Tree as the brand of choice in the mid-market segment. Fees from management & franchised contracts for 3rd party owned hotels stood at Rs 13.4 crore in Q2 FY25 which increased by 28% Y-o-Y. Fees from Fleur Hotels stood at Rs 18.4 crore in Q2 FY25 which increased by 35% Y-o-Y. Total management fees for Lemon Tree stood at Rs 31.8 crore in Q2 FY25 which increased by 32% Y-o-Y. Our debt decreased by Rs 90 crore from Rs 1,912.6 crore as of 30th September 2023 to Rs 1,822.6 crore as of 30th September 2024. Cash profit for the company stood at Rs 69.8 crore in Q2 FY25 which increased by 43% Y-o-Y. During the quarter, we signed 19 new management & franchise contracts which added 1,373 new rooms to our pipeline and operationalized 5 hotels which added 193 rooms to our portfolio. As of 30th September, 2024 the inventory for the group stands at 112 operational hotels with 10,318 rooms, and a pipeline of 75 hotels with 5,220 rooms.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The counter jumped 2.70% to settle at Rs 121.50 on Thursday, 14 November 2024.Powered by Capital Market - Live

Net profit of Lemon Tree Hotels rose 30.86% to Rs 29.64 crore in the quarter ended September 2024 as against Rs 22.65 crore during the previous quarter ended September 2023. Sales rose 25.16% to Rs 284.37 crore in the quarter ended September 2024 as against Rs 227.20 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales284.37227.20 25 OPM %45.9844.84 - PBDT80.0457.64 39 PBT45.2635.04 29 NP29.6422.65 31 Powered by Capital Market - Live

Lemon Tree Hotels will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2028. This hotel will feature 60 well-appointed rooms, a restaurant, a banquet hall, a meeting room, a swimming pool, a spa and other public areas. The hotel is also well-connected by road, making it accessible by both public and private transport. Vilas Pawar, CEO-managed & franchise business, Lemon Tree Hotels, said, We are excited to announce our further expansion in Maharashtra. This new addition will complement our twelve existing and four upcoming properties in the state, further enhancing our commitment to providing exceptional hospitality and experiences in this beautiful region.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24. However, revenue from operations jumped 19.52% year on year (YoY) to Rs 268.02 crore in Q1 FY25. Shares of Lemon Tree Hotels shed 0.38% to end at Rs 130.25 on Wednesday, 12 September 2024. The scrip rose 0.13% to close at Rs 115.55 on Wednesday, 23 October 2024.Powered by Capital Market - Live

The domestic equity indices traded with significant losses in early afternoon trade. The Nifty tanked below the 24,650 mark after the hitting day's high of 24,882 in morning trade. Metal shares extended losses for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, was down 393.84 points or 0.49% to 80,757.43. The Nifty 50 index fell 141.30 points or 0.57% to 24,639.80. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 1.57% and the S&P BSE Small-Cap index tumbled 2.73%. The market breadth was weak. On the BSE, 676 shares rose and 3,136 shares fell. A total of 105 shares were unchanged. Economy: According to the RBI article, findings on monetary policy transmission in India suggest that monetary policy changes affect short term interest rates more than long-term rates. RBI in this article examines the impact of the monetary policy tightening that was undertaken since May 2022 in India. While anticipated policy changes do not have any instantaneous impact on long-term rates, policy 'surprises' significantly impact all market segments and across tenors. Policy signals tend to wane, however, beyond the three-year tenure, the paper noted. Policy 'surprises' are found to have a relatively lower but significant pass-through to the exchange rate and equity prices. In terms of the impact of the policy rate tightening on the real economy, a significant negative impact on inflation expectations is observed. The long-run elasticity of the policy rate with respect to inflation expectation reveals that an increase in policy rate anchors expectations effectively. As per the article, the macroeconomic impact of monetary policy on aggregate demand and inflation indicate that the 250 basis points increase since May 2022 has negatively contributed to aggregate demand and headline inflation by 160 bps each till Q2:2024-25, working through various channels of policy transmission. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.29% to 13.32. The Nifty 31 October 2024 futures were trading at 24,731.90, at a premium of 92.1 points as compared with the spot at 24,639.80. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 57.2 lakh contracts at the 26,000 strike price. Maximum Put OI of 44.2 lakh contracts were seen at 24,500 strike price. Buzzing Index: The Nifty Metal index fell 1.67% to 9,446.30. The index declined 3.15% in the two trading session. Jindal Stainless (down 5.26%), Hindustan Copper (down 2.94%), Ratnamani Metals & Tubes (down 2.56%), NMDC (down 2.42%), Jindal Steel & Power (down 2.04%), Adani Enterprises (down 2.04%), Tata Steel (down 1.88%), Steel Authority of India (down 1.83%), Welspun Corp (down 1.62%) and National Aluminium Company (down 1.47%) edged lower. Stocks in Spotlight : Lemon Tree Hotels slipped 3.49%. The company announced the signing of a new property in Kalaburagi, Karnataka. The hotel, to be managed by Carnation Hotels, is expected to open in fiscal year 2027. Mahindra Logistics declined 4.07%. The company's consolidated net loss narrowed to Rs 10.75 crore in Q2 FY25 as against a net loss of Rs 15.93 crore posted in Q2 FY24. Revenue from operations grew by 11.45% to Rs 1,521.10 crore in Q2 FY25 as compared to Rs 1,364.76 crore recorded in Q2 FY24. Powered by Capital Market - Live

Lemon Tree Hotels has signed a License Agreement viz Lemon Tree Hotel, Dibrugarh, Assam. The property shall be managed by Carnation Hotels, a wholly- owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2027. This Hotel will feature 65 well-appointed rooms, a restaurant, a bar, banquet hall, a swimming pool, a fitness center and other public areasPowered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2027. This hotel will feature 54 well-appointed rooms, a restaurant, a bar, a meeting room, a swimming pool, and a fitness center. The hotel is also well-connected by road, making it accessible by both public and private transport. Vilas Pawar, CEO-managed & franchise business, Lemon Tree Hotels, said, 'We are excited to share the expansion of our portfolio in Rajasthan, where we currently have nine existing and five upcoming properties. This addition will complement our three operational properties in the city.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24. However, revenue from operations jumped 19.52% year on year (YoY) to Rs 268.02 crore in Q1 FY25. Shares of Lemon Tree Hotels shed 0.38% to end at Rs 130.25 on Wednesday, 12 September 2024. The scrip slipped 3.52% to Rs 113.90 on Monday, 7 October 2024.Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2026. Lemon Tree Hotel, Sasan Gir, Gujarat, will feature 74 well-appointed rooms, a restaurant, a meeting room, a banquet hall, a swimming pool, a spa, and a fitness center. Vilas Pawar, CEO, managed & franchise business, Lemon Tree Hotels said, 'We are excited to share the expansion of our portfolio in Gujarat, where we currently have seven existing properties. This addition will complement our ten upcoming properties in the state.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24. However, revenue from operations jumped 19.52% year on year (YoY) to Rs 268.02 crore in Q1 FY25. The scrip shed 0.45% to ends at Rs 121.95 on Thursday, 26 September 2024. Powered by Capital Market - Live

Lemon Tree Hotels has signed a License Agreement viz Keys Select by Lemon Tree Hotels, Srinagar, Jammu and Kashmir. The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2026. This hotel will feature 40 well-appointed rooms, two restaurants, a meeting room, and a fitness center. Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2026. This hotel will feature 72 well-appointed rooms, a restaurant, a bar, a swimming pool and other public areas. The hotel is well connected by roadways for both public and private transport. Vilas Pawar, CEO-managed & franchise business, Lemon Tree Hotels, said, 'Being the 'Spiritual Capital of India', Ujjain is on the must-visit list for pilgrims and we are thrilled to expand our presence in the city. This opening will be in addition to our four existing and two upcoming hotels in the state.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24. However, revenue from operations jumped 19.52% year on year (YoY) to Rs 268.02 crore in Q1 FY25. Shares of Lemon Tree Hotels shed 0.38% to end at Rs 130.25 on Wednesday, 12 September 2024. Powered by Capital Market - Live