Lemon Tree Hotels declines on reporting 10% fall in Q3 consolidated net profit
Lemon Tree Hotels is currently trading at Rs. 137.00, down by 6.00 points or 4.20% from its previous closing of Rs. 143.00 on the BSE.
The scrip opened at Rs. 140.80 and has touched a high and low of Rs. 141.80 and Rs. 136.30 respectively. So far 631628 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 146.45 on 05-Feb-2024 and a 52 week low of Rs. 72.85 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 146.45 and Rs. 137.00 respectively. The current market cap of the company is Rs. 10849.82 crore.
The promoters holding in the company stood at 23.21%, while Institutions and Non-Institutions held 37.81% and 38.98% respectively.
Lemon Tree Hotels has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported 42.82% rise in net profit at Rs 33.82 crore for the third quarter ended December 31, 2023 as compared to Rs 23.68 crore for the same quarter in the previous year. Total income of the company increased by 30.67% at Rs 106.98 crore for Q3FY24 as compared Rs 81.87 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 9.88% fall in its net profit at Rs 43.79 crore for Q3FY24 as compared to Rs 48.59 crore for the same quarter in the previous year. However, total income of the company increased by 24.25% at Rs 290.87 crore for Q3FY24 as compared Rs 234.11 crore for corresponding quarter of the previous year.
