LEMON TREE HOTELS LTD Q4 RESULTS
Lemon Tree Hotels to list subsidiary Fleur Hotels
Lemon Tree Hotels intended to list its subsidiary, Fleur Hotels, soon to address its Rs 1850 crore debt. Fleur Hotels includes 4,000 rooms and major properties. Despite election and heat wave challenges, Q1 2025 marked the highest revenue for Lemon Tree, although occupancy slightly decreased, and renovation investments impacted EBITDA margins.
Q1 results today: Godrej Consumer among 158 companies to announce earnings on Wednesday
Q1 results today: As the first quarter earnings season progressed, 158 companies, such as Pidilite, Godrej Consumer, NHPC, BSE, and ABFRL, announced their results. Godrej Consumer was projected to show a 46% increase in net profit but a slight dip in revenue. Kotak Securities highlighted growth in domestic volume and various categories.
ITC Q1 Results: Standalone PAT rises marginally to Rs 4,917 crore, misses estimates
ITC reported a slight increase in its standalone net profit for the quarter ending June 30, 2024, reaching Rs 4,917.45 crore, up from Rs 4,902.74 crore a year earlier. However, this figure was below analysts' expectations of Rs 5,122 crore.
Indian Hotel shares jump 7% after Q1 profit rises 12% YoY. Should you buy, sell or hold?
IHCL shares surged by 7% as Q1FY25 PAT rose 12% YoY to Rs 248 crore, achieving revenue of Rs 1,596 crore. Brokerages generally viewed the results positively despite some rating downgrades. EBITDA increased by 8% to Rs 496 crore, though ARR dropped due to heatwave. Portfolio includes 325 hotels.
Q1 results today: RIL, Wipro, Paytm among 51 companies to announce earnings on Friday
Q1 results today: Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates.
Hotel stocks in focus; Lemon Tree, India Hotels could give 9-20% return in next 1 year
India's hospitality sector sees robust growth with increasing demand for branded rooms, particularly in urban hubs and the luxury segment. Growth is sustained by infrastructure development and rising business travel, reflected in increased RevPAR and corporate rate hikes.
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Heatwaves burn a hole in hotels' revenue growth
Heatwave conditions and the seasonality of the hotel business impacted revenue growth in May 2024, with average revenue per available room growing only 2-3% year-on-year. Despite air passenger traffic rising 4.4%, occupancy rates remained flat at 60%. High temperatures affected leisure destinations, while business hotel demand recovered in major cities. Analysts expect similar trends in June and muted booking growth for the quarter.
Expect improvement in occupancy vis-a-vis the previous year from Q2: Patanjali G Keswani, Lemon Tree Hotels
While you can say that in spite of heat it was decent performance, I am looking at trend lines and I expect the catch up will happen really from Q2 when there will be improvements vis-a-vis the previous year in occupancy.
18 companies turned profitable in Q4 after 3 straight quarterly losses. Worth buying?
18 companies including BHEL, Centrum Capital, Inox Wind, Piramal Pharma, SAMHI Hotels, and Sterling and Wilson turned profitable in Q4 after consecutive losses. Sagar Cements reported a profit of Rs 11.59 crore. Inox Wind Energy recorded a profit of Rs 38.8 crore. Analysts expect India Inc earnings to grow by 12% for FY25.
Lemon Tree Hotels shares surge over 6% after Q4 profit jumps 42% YoY
Lemon Tree Hotels saw its shares soar by 6.4% to reach a day's high of Rs 147.4 in Thursday's trading on the BSE. This surge followed the company's announcement of a profit after tax (PAT) of Rs 83.9 crore in the March quarter of FY24, marking a 42% year-on-year (YoY) rise from Rs 59 crore recorded during the corresponding period the previous year.
EIH Limited Q4 Results: PAT jumps 169% YoY to Rs 247.6 crore
EIH Limited, the flagship company of The Oberoi Group has posted a profit of Rs 677.7 crore for financial year 2024, up 105.9% year on year. The luxury hotel chain posted revenues of Rs 2626 crore for fiscal year 2024, up 25.3% year on year.
Q4 results today: LIC, NMDC among 236 companies to announce earnings on Monday
236 companies, including LIC and NMDC, to announce Q4 results. LIC reported a 49% rise in Q3 earnings, while NMDC saw a 62% increase in consolidated net profit.
ITC to seek shareholder approval on June 6 for hotels biz demerger
As part of the demerger, which will unlock value for its 36 lakh shareholders and also improve the capital allocation of the parent company, ITC will own 40% of ITC Hotels. The remaining 60% will be owned by ITC shareholders in proportion to their ownership in the parent entity.
ITC Q4 Results: Net profit drops marginally to Rs 5,020 crore
Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.
ITC Q4 Results: Profit falls marginally to Rs 5,120 crore, misses estimates
ITC Q4 Results: Revenue from operations rose 2% year-on-year (YoY) to Rs 19,446 crore in the January-March 2024 period, compared with Rs 19,058 crore in the corresponding period of last year. The Board has also recommended a final dividend of Rs 7.50/share for the financial year ended March.
Q4 results today: ITC, IndiGo among 181 companies to announce earnings on Thursday
181 companies, including IndiGo and ITC, will announce their quarterly earnings for Jan-Mar 2024. IndiGo is expected to post healthy earnings, while ITC may see muted revenue growth.
ITC Q4 Preview: Revenue to grow around 3% YoY; margins to contract
Brokerage firms expect that ITC will announce subdued revenue growth for the fourth quarter when it declares its results on May 23. Based on projections from different brokerages, it's anticipated that profits will see a modest 3% year-on-year increase, with the hotels segment expected to perform strongly. In the previous December quarter, ITC recorded a 6% rise in consolidated net profit, amounting to Rs 5,335 crore.
Hotels up hiring game: About 100,000 jobs likely to be created in 12-18 months
Hotels across segments are ramping up their workforce as they are adding more rooms and entering new markets amid a strong pickup in business and leisure travel. The jobs they are recruiting for are a mix of permanent, temporary and gig, said Balasubramanian A, vice president and head of consumer, hospitality and ecommerce at TeamLease.
Q4 results today: Zomato, Varun Beverages among 59 companies to announce earnings on Monday
59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.
Q4 results this week: Zomato, Airtel, M&M among 501 companies set to announce earnings this week
Some notable companies that will announce their earnings this week include Varun Beverages, Zomato, Airtel, Siemens, Power Finance Corp, Mahindra and Mahindra, HAL, and JSW Steel, among others. Overall, around 501 companies are set to release their quarterly numbers this week.
Promoter pledged holdings decline in March quarter: Lemon Tree Hotels, Tata Communications, among others with highest drop
Bharat Forge, Lemon Tree Hotels, and Tata Communications completely released their pledged holdings from 7.1%, 3.3%, and 3.1%, respectively in the December quarter.
Indian Hotels well placed to benefit from rising travel demand
In the March 2024 quarter, the company's revenue grew by 17.2% year-on-year to Rs1,905 crore. Net profit jumped by 29.4% to Rs438 crore. The management commentary during an analyst call after the results hinted at a sustained demand for rooms in FY25.
Smallcap boom is back! FIIs, mutual funds team up to shop at 200 such counters
Smallcap stocks rebound post-Sebi comments, with FIIs and mutual funds increasing stakes in 213 counters. Notable gainers include Transformers & Rectifiers, Puravankara, and Motilal Oswal Financial amid concerns over frothy valuations.
Indian Hotels shares down by 5% after Q4 results. Should you buy the dip?
Indian Hotels reported consolidated revenue growth of 17% year-on-year (YoY) in 4QFY24, led by 19% YoY revenue growth in the standalone business and the growth in the standalone business was driven by better occupancy (up 440 bps YoY) and ARR (up 4% YoY; LFL 8% excluding Ginger Santacruz).
SAMHI Hotels, 2 more stocks set to sizzle this summer with up to 36% likely upside, says Kotak Equities
SAMHI Hotels, SAMHI Hotels share price, Kotak Equities, Chalet Hotels stock target, Indian Hotels stock target
Indian Hotels Q4 Results: Cons PAT jumps 27% YoY to Rs 418 crore
The revenue from operations stood at Rs 1,951 crore for the reported quarter, higher by 18% from Rs 1,625 crore posted in Q4FY23. On a quarter-on-quarter (QoQ) basis, it was down by 3% over Rs 1,964 crore reported in the October-December quarter.
Q4 results today: HUL, Axis Bank, LTIMindtree among 22 companies to announce earnings
Today marks a significant day for investors and market participants as several key companies from various sectors are set to announce their fourth-quarter results. Among the notable earnings releases, Hindustan Unilever (HUL), LTIMindtree, Indian Hotels, Axis Bank, Macrotech, and Tata Investment stand out.
Q4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that'll announce earnings
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies.
Time to check in again? 10 hotel stocks across market cap, one with an upside potential of up to 27%
One of the sectors which has got strongly re-rated in the last four years has been hotel and tourism. Whenever there is a re-rating of a sector, it is the leader of that sector which tends to get re-rated first. So, it was the stocks of Indian hotels, which led the rally and then others joined the bandwagon. Now whether the industry has got re-rated should be judged by how the numbers have panned out across the companies in the sector. If there is an improvement across the board, then it is sectoral re-rating which is sustainable. If only one or two players have shown improvement then it is probably because the management of those companies have adopted a clever business strategy. Now the question is whether the re-rating will sustain or not. Second, whenever the markets are falling should one buy hotel stocks? The answer to these questions lies in looking at the fundamental numbers across the players in the industry. We take a look at 10 stocks, some of which are not rated, but their overall score is positive to neutral.
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