Lemon Tree Hotels Q2 Results 2024: Profit Rises by 30.87% YoY

Lemon Tree Hotels Q2 Results 2024:Lemon Tree Hotels has announced its Q2 results for the fiscal year 2024, revealing a robust performance with significant growth in both revenue and profits. The company declared its results on November 14, 2024, showcasing a topline increase of 25.16% year-on-year, with profits rising by 30.87% to ₹29.64 crore.

In comparison to the previous quarter, Lemon Tree Hotels saw a revenue growth of 6.1% and a remarkable profit increase of 49.61%. This positive trend indicates the company's strong operational efficiency and market positioning.

Notably, the Selling, General & Administrative (SG&A) expenses showed a decline of 26.69% quarter-on-quarter and a decrease of 16.97% year-on-year, contributing to the improved profit margins. The operating income also reflected a healthy increase, up by 19.22% from the last quarter and 21.07% year-on-year.

Earnings Per Share (EPS) for Q2 stood at ₹0.37, marking a 27.59% increase compared to the same period last year. This growth in EPS is a positive signal for investors, indicating that the company is generating more income per share.

In terms of stock performance, Lemon Tree Hotels has delivered a return of 2.83% over the last week, although it has faced a decline of 14.25% over the past six months. Year-to-date, the stock has shown a modest return of 1.59%. Currently, the market capitalization of the company stands at ₹9641.03 crore, with a 52-week high and low of ₹158 and ₹111.8 respectively.

As of November 15, 2024, out of 16 analysts covering Lemon Tree Hotels, 1 analyst has given a Sell rating, while 6 analysts have rated it as a Buy and 9 as a Strong Buy. The consensus recommendation among analysts is to Strong Buy, reflecting confidence in the company's growth trajectory.

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