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According to the company’s investor presentation, Gross ARR for Q3 FY25 was ₹6,763, up 7% YoY, while occupancy rose 826 bps YoY to 74.2%, translating into a RevPAR of ₹5,018 (+21% YoY).
Fees from management and franchised contracts for third-party-owned hotels increased 24% YoY to ₹18.4 crore. Fees from Fleur Hotels rose 45% YoY to ₹25.3 crore, bringing total management fees to ₹43.7 crore, a 35% YoY increase.
#3QWithCNBCTV18 | Lemon Tree Hotels reports #Q3 earnings
Net Profit Up 76.6% At ₹62.5 Cr Vs ₹35.4 Cr (YoY)
Revenue Up 22.4% At ₹355.2 Cr Vs ₹290.2 Cr (YoY)
EBITDA Up 30.5% At ₹184.2 Cr Vs ₹141.2 Cr (YoY)
Margin At 51.9% Vs 48.7% (YoY) pic.twitter.com/u3bnyR12Lw
— CNBC-TV18 (@CNBCTV18Live) February 4, 2025
Commenting on the performance for Q3FY25, Patanjali Keswani, Chairman and Managing Director – Lemon Tree Hotels Ltd said, “Lemon Tree recorded its highest-ever third-quarter revenue this year… Going forward, we are confident in the company’s ability to sustain this growth in the coming quarters by focusing on the following growth levers: (A) Accelerated growth in our management and franchised portfolio, with a proportionate increase in fee-based income. (B) Timely completion of renovation activities in the owned portfolio to further improve Gross ARR and occupancy. Please note that the increased investment in renovation expenses will continue into FY26 until the entire portfolio of owned hotels has been fully renovated and refreshed. Post this, renovation expenses will be close to 1.8% of revenue on an ongoing basis.”