Results Lemon Tree Hotels Q2: Lemon Tree Hotels Limited announced its quarterly results for July to September on Thursday, November 11. The company recorded a 33 percent increase in net profit ₹35 crore for the second quarter of FY 2024-25, compared to ₹26.38 crore in the same quarter last year, according to the company’s BSE filing.
Shares of Lemon Tree Hotels Ltd closed 2.7 percent higher ₹121.5 after Thursday’s trading session, compared to ₹118.30 at the previous market close. The company announced its second quarter results after trading hours on Thursday.
The company’s turnover from core activities increased by 24 percent ₹284.36 crore in the second quarter of FY 2024-25, compared to ₹229.39 crore in the same quarter a year ago.
The company’s total costs also increased by 22.58 percent ₹153.62 crore for the July to September quarter, compared to last year ₹125.32 crore. The reason for the increase in total expenses for the company was mainly due to increase in expenses through employee benefits segment, energy and fuel segment and other expenses, the BSE filing said.
About Lemon Tree Hotels
Lemon Tree Hotels Limited is a mid-range hotel chain in India with more than 160 hotels, including more than 100 operational hotels and more than 60 hotels to open in India and internationally, according to the company website.
As per the website details, the company operates its properties in cities like Delhi NCR, Mumbai, Kolkata, Bengaluru, Hyderabad, Chennai, Pune, Ahmedabad, Chandigarh, Jaipur, Indore, Aurangabad, Udaipur, Vishakhapatnam, Kochi, Ludhiana, Thiruvananthapuram, Vijayawada, and others .
Internationally, the company has hotels in Dubai and Bhutan. The company plans to open other hotels in Nepal and Bhutan, according to the official website.
