BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
We pored over the Q3 FY21 results and management commentaries of key hospitality players – such as The Indian Hotels Company Ltd., Lemon Tree Hotels Ltd., Chalet Hotels Ltd. and EIH Ltd. The following are our key insights:
Q3 FY21 aggregate revenue of hotel players declined 62% YoY, but grew 105% QoQ.
On a QoQ basis, the best performance was reported by EIH, which reported revenue growth of 149%.
Indian Hotels’ revenues grew 118% QoQ, and the revenues of each Chalet Hotels and Lemon Tree grew 44% QoQ.
Excluding Lemon Tree and Chalet, all hotel players reported operating loss in Q3 FY21. However, operating loss declined across players sequentially.
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