Lemon Tree Hotels Ltd

With the opening of Keys Prima by Lemon Tree Hotels in Kota, the group has marked its 10th property in the state. The new property offers 58 well-appointed rooms, a multi-cuisine coffee shop, a spa, a swimming pool, a fitness centre, and the Unlock Bar. It also features spacious banquet halls and conference facilities, catering to both leisure and business travellers. In addition to this opening, Lemon Tree Hotels has announced the signing of two new properties'Keys Select by Lemon Tree Hotels, Vrindavan, Uttar Pradesh, and Keys Select by Lemon Tree Hotels, Navsari, Gujarat. The Vrindavan property is set to open in FY26, while the Navsari property is expected to launch by FY28. Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels, will manage both hotels. The Vrindavan property will feature 54 rooms, a restaurant, a banquet hall, a meeting room, a swimming pool, a spa, and a fitness centre. It is conveniently located near Indira Gandhi International Airport (148 km), the upcoming Jewar International Airport (105 km), and Mathura Railway Station (16 km). Similarly, the Navsari property will also offer 54 rooms, a restaurant, banquet space, and other facilities. It is located approximately 45 km from Surat International Airport and 6.4 km from Navsari Railway Station, ensuring good connectivity by both road and rail. Speaking on the occasion, Vilas Pawar, CEO of Managed & Franchise Business, Lemon Tree Hotels, commented, 'We are thrilled to announce our latest signings, which will further expand our presence in Gujarat and Uttar Pradesh. These signings are a testament to our commitment to providing exceptional hospitality and unforgettable experiences in India's most vibrant destinations.' Lemon Tree Hotels' principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc., under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. The company's consolidated net profit surged 76.53% to Rs 62.49 crore on a 22.4% increase in revenue from operations to Rs 355.18 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly owned subsidiary of the company, and is expected to start its operations in FY27. Lemon Tree Hotels, Bokaro, Jharkhand, will feature 50 well-appointed rooms, a restaurant, banquets, meeting rooms, a rooftop bar, a fitness center, a swimming pool, and other public areas. Vilas Pawar, CEO'managed & franchise business, Lemon Tree Hotels, said, 'We are thrilled to expand our presence in Jharkhand, complementing our portfolio of one existing hotel and three upcoming properties.' Lemon Tree Hotels' principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc., under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. The company's consolidated net profit surged 76.53% to Rs 62.49 crore on a 22.4% increase in revenue from operations to Rs 355.18 crore in Q3 FY25 over Q3 FY24. Shares of Lemon Tree Hotels rose 0.66% to Rs 129.50 on the BSE. Powered by Capital Market - Live

The hotels, located in Niman and Garoth, are strategically positioned along the upcoming Delhi-Mumbai Expressway and are expected to open in the fiscal year 2026. Both properties will feature 42 well-appointed rooms, a restaurant, a banquet, a meeting room, and other public areas. Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, will manage the operations. Madhya Pradesh is a state with diverse attractions, appealing to history, nature, and rural culture enthusiasts. The Nimar region, including Niman, is culturally rich with a strong folk literature tradition. Garoth, located near Gandhi Sagar Lake, borders Rajasthan and is part of the Ujjain Division. Vilas Pawar, CEO - managed & franchise business, Lemon Tree Hotels commented, We are thrilled to expand our presence in Madhya Pradesh, often referred to as the 'Heart of India'. The opening of these two new properties will enhance our strategic growth in the state, complementing our portfolio of four existing hotels and four upcoming properties. Lemon Tree Hotels is a major Indian hotel chain operating across various market segments with seven brands. Launched in 2004, it now has over 200+ hotels, including operational and upcoming locations in India and internationally (Dubai, Bhutan, Nepal), covering major metro areas and tier I, II, and III cities. The company's consolidated net profit surged 76.53% to Rs 62.49 crore on 22.4% increase in revenue from operations to Rs 355.18 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of the company and is expected to start its operations in FY 2028. Lemon Tree Resort, Shirdi, Maharashtra, will feature 50 well-appointed rooms and a restaurant, a banquet hall, a meeting room, a swimming pool, a spa and other public areas. Vilas Pawar, CEO'managed & franchise business, Lemon Tree Hotels, said, 'We are delighted to expand our portfolio in Maharashtra, one of India's largest commercial and industrial hubs. By expanding in the state, we are not only tapping into a thriving economic hub but also embracing a place that beautifully balances modernity with tradition. This new addition will complement our 12 existing hotels and six upcoming properties in Maharashtra.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. The company's consolidated net profit surged 76.53% to Rs 62.49 crore on 22.4% increase in revenue from operations to Rs 355.18 crore in Q3 FY25 over Q3 FY24. Shares of Lemon Tree Hotels shed 0.04% to Rs 126.45 on the BSE.Powered by Capital Market - Live

Lemon Tree Hotels announced the resignation of Rashi Goel from the position of company secretary and compliance officer of the company with effect from 07 March 2025. Powered by Capital Market - Live

Lemon Tree Hotels announced the signing of Lemon Tree Hotel, Shirdi, Maharashtra. The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, and is expected to start operations in FY 2028. Lemon Tree Hotel, Shirdi, Maharashtra will feature 50 well-appointed rooms, a restaurant, a banquet hall, a meeting room, a swimming pool, a spa and other public areas. The nearest airport, Shirdi International Airport, is approximately 14.8 kms from the property. Sainagar Shirdi Railway Station is about 3 kms away from the property. The hotel is also well-connected by road, offering easy access to both public and private transport. Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of the company and is expected to start its operations in FY 2026. Lemon Tree Resort, Chittorgarh will offer 98 well-appointed rooms and a range of amenities, including a restaurant, banquet hall, meeting room, bar, spa, fitness center, swimming pool, and other public spaces. The resort is located approximately 102 kilometers from Maharana Pratap Airport in Udaipur and around 18 kilometers from Chittorgarh Junction. It is also well-connected by road, providing convenient access for both public and private transport. Vilas Pawar, CEO ' Managed & Franchise Business, Lemon Tree Hotels said, 'We are thrilled to announce our latest signing, which will further expand our presence in Rajasthan. This opening will be in addition to our nine operational and six upcoming hotels in the state known for its rich history and culture. This signing is a testament to our commitment to providing exceptional hospitality and unforgettable experiences in one of India's most vibrant destinations.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. The company's consolidated net profit surged 76.53% to Rs 62.49 crore on 22.4% increase in revenue from operations to Rs 355.18 crore in Q3 FY25 over Q3 FY24. The counter shed 0.90% to end at Rs 131.60 on Friday, 21 February 2025. Powered by Capital Market - Live

The said property will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels, and is expected to begin operations in FY 2027. Red Fox by Lemon Tree Hotels, Bhopal, Madhya Pradesh, will feature 46 well-appointed rooms, a restaurant, a meeting room, a bar, and other public areas. The hotel is conveniently located approximately 17 km from Raja Bhoj Airport and 6 km from Bhopal Railway Station. It is also well connected by road, offering easy access for both public and private transportation. Vilas Pawar, CEO, Managed & Franchise Business, Lemon Tree Hotels, said, 'We are thrilled to announce our latest signing, which will further expand our presence in Madhya Pradesh. This opening will be in addition to our four operational and three upcoming hotels in the state. This signing is a testament to our commitment to providing exceptional hospitality and unforgettable experiences in one of India's most vibrant destinations.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. The company's consolidated net profit surged 76.53% to Rs 62.49 crore on 22.4% increase in revenue from operations to Rs 355.18 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

Profit before tax (PBT) soared 79.17% to Rs 99.51 crore during the December 2024 quarter as compared with Rs 55.54 crore in Q3 FY24. EBITDA stood at Rs 184.8 crore in Q3 FY25, up 30.23% as compared with Rs 141.9 crore posted in corresponding quarter last year. EBITDA margin stood at 51.9% in Q3 FY25 as against 48.8% in Q3 FY24. During the quarter, gross ARR (average revenue per room) increased 7% YoY to Rs 6,763 crore during the quarter, while occupancy rate jumped to 74.2% in Q3 FY25 as against 65.9% in Q3 FY24. RevPAR (revenue per available room) jumped 20.77% to Rs 5,018 crore in Q3 FY25, compared with Rs 4,155 crore in Q3 FY24. Patanjali Keswani, chairman & managing director, Lemon Tree Hotels, said, 'Fees from management and franchised contracts for third-party-owned hotels stood at Rs 18.4 crore in Q3 FY25, an increase of 24% YoY. Fees from Fleur Hotels stood at Rs 25.3 crore in Q3 FY25, an increase of 45% YoY. Total management fees for Lemon Tree stood at Rs 43.7 crore in Q3 FY25, an increase of 35% YoY. On the business development front, this quarter, Lemon Tree received a Letter of Award from the Directorate of Tourism, Government of Meghalaya, for the redevelopment, operation, and maintenance of the existing Orchid Hotel, Shillong, under the Design, Build, Finance, Operate, and Transfer mode on a public-private partnership basis. This will be redeveloped as Aurika, Shillong, and is expected to become operational within the next three years. This is the first public-private partnership undertaken by Lemon Tree Hotels. The project qualifies for capital subsidy and various incentives, including GST reimbursement, under the Meghalaya Industrial and Investment Promotion Policy 2024 and the Uttar Pradesh Transformative Industrialization Scheme 2024. On the asset-light side, we signed 13 new management and franchise contracts, adding 766 new rooms to our pipeline, and operationalized one hotel, adding 38 rooms to our portfolio. As of December 31, 2024, the inventory for the group stands at 112 operational hotels with 10,317 rooms and a pipeline of 88 hotels with 6,068 rooms. Post this, renovation expenses will be close to 1.8% of revenue on an ongoing basis. With demand growth expected to outpace supply in the next few years and increasing discretionary spending on branded hotels in India, our increased investment in renovation will allow us to position Lemon Tree as the preferred brand in the mid-market segment.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. Powered by Capital Market - Live

Net profit of Lemon Tree Hotels rose 76.53% to Rs 62.49 crore in the quarter ended December 2024 as against Rs 35.40 crore during the previous quarter ended December 2023. Sales rose 22.40% to Rs 355.18 crore in the quarter ended December 2024 as against Rs 290.18 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales355.18290.18 22 OPM %51.8648.67 - PBDT134.5888.88 51 PBT99.5155.54 79 NP62.4935.40 77 Powered by Capital Market - Live