2025-05-02 23:05:02
Latest Post
L G Balakrishnan & Bros Ltd recommends dividend of Rs. 20
Swastika Investmart Ltd recommends final dividend of Rs. 0.60
Mukesh Babu Financial Services Ltd recommends dividend of Rs. 1.20
The Federal Bank Limited recommends final dividend of Rs. 1.20
JSW Infrastructure Limited recommends final dividend of Rs. 0.80
Stock Report
Lemon Tree Hotels Ltd Q1FY22 consolidated loss at Rs. 40.12 crores
Posted On : 2021-08-11 20:21:33( TIMEZONE : IST )
Lemon Tree Hotels Limited has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.44.28 crores during the period ended June 30, 2021 as compared to Rs.96.97 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.(40.12) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(16.81) crores for the period ended March 31, 2021.
The company has reported EPS of Rs.(0.51) for the period ended June 30, 2021 as compared to Rs.(0.21) for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 44.28 crs | ₹ 96.97 crs |  -54.34% |
| Net Profit | ₹ (40.12) crs | ₹ (16.81) crs |  138.67% |
| EPS | ₹ (0.51) | ₹ (0.21) | 142.86% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.44.28 crores during the period ended June 30, 2021 as compared to Rs.43.78 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.(40.12) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(41.87) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.(0.51) for the period ended June 30, 2021 as compared to Rs.(0.53) for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 44.28 crs | ₹ 43.78 crs | 1.14% |
| Net Profit | ₹ (40.12) crs | ₹ (41.87) crs | -4.18% |
| EPS | ₹ (0.51) | ₹ (0.53) | -3.77% |
Commenting on the performance for Q1 FY22, Mr. Patanjali Keswani, Chairman & Managing Director – Lemon Tree Hotels Limited said, The new fiscal year started amidst a challenging operating environment due to lockdowns and restrictions on account of the second wave of the pandemic. These disruptions particularly impacted the domestic hospitality and tourism sector. As the cases started increasing, we saw a decline in occupancy levels in April vs March. Travel restrictions across key states had a severe impact on our operations in May. On a brighter note, as restrictions started easing and the Covid-19 case count started decreasing in June, we saw a faster recovery.
Given our learnings from last year, our operating inventory was maintained in anticipation of a quicker recovery post easing of curbs. Accordingly, our operating inventory stood at 87.9% of our total inventory against 71.5% in Q1 FY21. Overall, our revenues increased by 3.7% Y-o-Y, with a 10.1% decline in ADR Y-o-Y, occupancy levels on full inventory improved by 73 bps Y-o-Y. Our current operational inventory as of 30th June 2021 comprises 84 hotels and 8309 rooms, out of which 4517 are owned, 675 leased and 3117 managed rooms. On the profitability front, I am happy to inform you that we managed to stay EBITDA positive at Rs 2.0 Cr in Q1 FY22, with an EBITDA margin of 4.6%. As we had maintained our operating inventory levels in anticipation of a faster recovery, costs increased by 16.3% Y-o-Y but decreased by 36.5% Q-o-Q. However, we believe, as occupancy levels improve, this should normalize in the quarters ahead. Further on the debt side, we have successfully lowered our average cost of borrowings by 15 bps from 8.3% in Q4 FY21 to 8.15% in Q1 FY22. Structurally, there has been a shift in our operating model and we now operate a much leaner structure, with more focus on optimizing fixed costs, enhancing efficiencies and streamlining business processes.
Being best in class in Environment, Social and Governance (ESG) is one of our key strategic priorities. We will be releasing our first sustainability report soon, which will disclose our performance on key parameters, new initiatives and future roadmap. In sync with this approach, in the quarter, we have signed an MoU with Energy Efficiency Services Limited (EESL), a joint venture under the Ministry of Power. This is one of the steps that we are undertaking towards being a green and energy-efficient organization.
From a macro-environment standpoint, given that there are concerns of a potential third wave of COVID in the country, we are undertaking various proactive steps to ensure business continuity and stability in cash flows. Currently, we are seeing a very healthy build-up in demand and consumption that is strengthening on a month-over-month basis from June onwards. In addition, improving macros given better vaccination coverage and improving economic indicators should support this traction. Overall, in a normalized macro-environment, we remain confident of reporting robust and sustainable performance in the quarters ahead.
Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 36.95 as compared to the previous close of Rs. 38.4. The total number of shares traded during the day was 918958 in over 5008 trades.
The stock hit an intraday high of Rs. 39.05 and intraday low of 36.1. The net turnover during the day was Rs. 34099287.
