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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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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