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Prabhudas Lilladher has come out with its fourth quarter (January-March’ 24) earnings estimates for the Travel & Tourism sector. The brokerage house expects Lemon Tree Hotels to report net profit at Rs. 75.1 crore up 70.8% year-on-year (up 112.1% quarter-on-quarter).
Net Sales are expected to increase by 26.9 percent Y-o-Y (up 11.1 percent Q-o-Q) to Rs. 320.7 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14 percent Y-o-Y (up 14.2 percent Q-o-Q) to Rs. 159.5 crore.
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