AgenciesLemon Tree Hotels, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 6124.07 Crore) operating in Tourism & Hospitality sector.
Lemon Tree Hotels key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 234.11 Crore, up 18.58 % from last quarter Total Income of Rs 197.43 Crore and up 60.34 % from last year same quarter Total Income of Rs 146.01 Crore. Company has reported net profit after tax of Rs 48.37 Crore in latest quarter.
The company’s top management includes Mr.Patanjali Govind Keswani, Mr.Arvind Singhania, Mr.Paramartha Saikia, Ms.Freyan Jamshed Desai, Dr.Arindam Kumar Bhattacharya, Mr.Pradeep Mathur, Mr.Niten Malhan, Mr.Aditya Madhav Keswani, Mr.Willem Albertus Hazeleger, Mr.Ashish Kumar Guha. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2022, the company has a total of 79 Crore shares outstanding.
Buying demand is seen emerging from key support area of Rs 70-73 as it is confluence of the 52 week’s EMA (currently at Rs 74) and the80% retracement of the previous upmove of September-December2022 (Rs 66-103) and has already taken 17 weeks to retrace just 80%of its preceding 14 week’s rally (Rs 66-103).
Promoter/FII Holdings
Promoters held 23.61 per cent stake in the company as of 31-Dec-2022, while FIIs owned 26.81 per cent, DIIs 10.14 per cent.
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