Lemon Tree Hotels Q4 Review - Decent Performance In Challenging Year: ICICI Direct

A Lemon Tree Premiere Hotel in Bengaluru. (Source: Company website).

Lemon Tree Hotels Q4 Review - Decent Performance In Challenging Year: ICICI Direct

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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.

ICICI Direct Report

The performance of Lemon Tree Hotels Ltd. improved sharply during Q4 FY21 versus Q3.

Revenue grew 39.1% QoQ to Rs 95.1 crore (versus our estimate: Rs 64.5 crore), also backed by improved demand for weddings, staycations and social events.

Concerted focus on costs across verticals led to a drop of 40.7% YoY in total expenditure to Rs 66.6 crore (up 37.8% QoQ).

Ebitda margin was at 30% versus 29.4% in Q3 FY21 and 36.3% last year.

However, with higher interest (Rs 44.5 crore), depreciation (Rs 26.1 crore), net loss was at Rs 26.7 crore (versus our estimate: net loss Rs 45.4 crore).

Click on the attachment to read the full report:

ICICI Direct Lemon Tree Hotels Q4FY21 Result Update.pdf

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