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Lemon Tree Hotels Ltd - 541233 - Announcement under Regulation 30 (LODR)-Change in Management

 This is to inform you that the Board of Director's at its meeting held on 30th May, 2023, on the recommendation of Nomination & Remuneration Committee approved the re-appointment of Dr. Arindam Kumar Bhattacharya (DIN:01570746) as an Independent Director of the Company for a further period of five (5) years with effect from April 11, 2024 as his current term will expire on April 10, 2024. The said re-appointment shall be subject to the approval of the shareholders of the Company which shall be seeked in the ensuing Annual General Meeting. The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are given in Annexure A to this letter. Please take the above intimation on record.
31-05-2023

Lemon Tree Hote Consolidated March 2023 Net Sales at Rs 252.69 crore, up 111.38% Y-o-Y
31-05-2023
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Q4FY23 Quarterly Result Announced for Lemon Tree Hotels Ltd.

 Lemon Tree Hotels announced Q4FY23 results: Revenue from operations stood at Rs 252.7 crore in Q4FY23 which was up 8.2% from Rs 233.5 crore in Q3FY23 and was up 43.5% as compared to Rs 176.1 crore in Q4FY20 Gross ARR stood at Rs 5,824 in Q4FY23 which was up 2% from Rs 5,738 in Q3FY23 and was up 29% as compared to Rs 4,530 crore in Q4FY20 Occupancy% stood at 73.6% in Q4FY23 which was up 604 bps from 67.6% in Q3FY23 and was up 1,259 bps as compared to 61.0% in Q4FY20 Total expenses stood at Rs 112.8 crore in Q4FY23 which was up 5.3% from Rs 107.1 crore in Q3FY23 and was up 0.5% as compared to Rs 112.2 crore in Q4FY20 Net EBITDA stood at Rs 141.9 crore in Q4FY23 which was up 11.7% from Rs 127.0 crore in Q3FY23 and was up 120.5% as compared to Rs 64.4 crore in Q4FY20 Net EBITDA margin % stood at 55.7% in Q4FY23 which was up 146 bps from 54.3% in Q3FY23 and was up 1,926 bps as compared to 36.5% in Q4FY20 PAT stood at Rs 59.0 crore in Q4FY23 which was up 21.5% from Rs 48.6 crore in Q3FY23 and was up Rs 78.0 crore as compared to Rs (19.0) crore in Q4FY20 Cash Profit stood at Rs 82.5 crore in Q4FY23 which was up 14.4% from Rs 72.1 crore in Q3FY23 and was up 845.2% as compared to Rs 8.7 crore in Q4FY20 Commenting on the performance for Q4FY23, Patanjali Keswani, Chairman & Managing Director – Lemon Tree Hotels said, “FY23 has been the best year for Lemon Tree Hotels. As anticipated and in line with our initial guidance, we have more than doubled our total revenue vs FY22 and have maintained more than 50% EBITDA margin for the full year. In FY23 our total revenue increased by 111% vs FY22 to Rs 879 Cr. with an EBITDA margin of 51.9%. Q4FY23 was the best quarter to date, with growth across all metrics. As I had mentioned in the last earnings call, after increasing our ARR by 17% in Q3 vs Q2 FY23, in Q4 we focused on building up occupancy which increased by 604 bps vs Q3FY23 and by 1,259 bps vs Q4FY20. Gross ARR stood at Rs 5,824 which increased by 2% vs Q3FY23 and by 29% vs Q4FY20. This translated into an improved RevPAR of Rs 4,287 which increased by 11% vs Q3FY23 and by 55% vs Q4FY20. In Q4FY23, Lemon Tree Hotel’s RevPAR grew 55% whereas the branded hotel industry grew 41% vs Q4FY20. The net EBITDA margin for the company in Q4FY23 was industry-leading at 55.7% which increased by 146 bps vs Q3FY23 and by 1,926 bps vs Q4FY20. The PAT for Q4FY23 stood at Rs 59 Cr, which increased by 22% vs Q3FY23. In Q4FY20, we had a negative PAT of Rs 19 Cr. Our cash profit stood at Rs 82.5 crore which increased by 14% vs Q3FY23 and by 845% vs Q4FY20. As of 31st March 2023, our gross debt stood at Rs 1,746 crore and the average cost of borrowings stood at 9.08% while the weighted average cost of borrowing for the full year was 8.38%. During the quarter we signed 9 new management & franchise contracts which add 538 new rooms to our pipeline. As of 31st March 2023, our operational inventory comprised 88 hotels with 8,382 rooms and our pipeline comprised 42 hotels with 3,285 rooms. For FY24, I will refrain from giving any specific guidance other than saying that our growth momentum continues and that we will be investing significantly more than normal in renovating our hotels, especially the Keys portfolio, to catch up with the near absence of this during FY21 and FY22. This will increase our operating expenses by a further 2 to 2.5% on a revenue basis for this year, but will position our hotels to capture better pricing and demand in H2 and in the following years. Finally, post-CoVID and with the impending opening of our largest hotel, Aurika Sky City Mumbai, we would now like to share the roadmap for the next five years which has been released alongside the earnings presentation where we have set forth clear and achievable outcomes for the next 5 years.” Result PDF
31-05-2023
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Annual report for Lemon Tree Hotels Ltd. for FY-2023
31-05-2023
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Lemon Tree Hotels Ltd - 541233 - Disclosure Under Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

 Pursuant to the Regulations 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith disclosure of Related Party Transactions for half year ended March 31, 2023 in the format specified under SEBI Circular no. SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated November 22, 2021 You are requested to kindly take the same on record.
30-05-2023
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Lemon Tree Hotels Ltd - 541233 - Board Meeting Outcome for Financial Results For The Quarter And Financial Year Ended March 31, 2023

 We wish to inform you that the Board of Directors of Lemon Tree Hotels Limited (the "Company") at its meeting held today at 03.30 p.m and concluded at 07:20 p.m, has, inter-alia, approved the Audited (Standalone & Consolidated) Financial Results for the quarter & financial year ended March 31, 2023 and took on record the Auditor's Report thereon. A copy of: A) Audited financial results (Standalone & Consolidated) for the quarter & financial year ended March 31, 2023; and B) Auditor's Report on Financial Results (Standalone & Consolidated) as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with Investor presentation are enclosed herewith.
30-05-2023
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Lemon Tree Hotels Ltd - 541233 - Financial Results For The Quarter And Financial Year Ended March 31, 2023

 We wish to inform you that the Board of Directors of Lemon Tree Hotels Limited (the "Company") at its meeting held today at 03.30 p.m and concluded at 07:20 p.m, has, inter-alia, approved the Audited (Standalone & Consolidated) Financial Results for the quarter & financial year ended March 31, 2023 and took on record the Auditor's Report thereon. A copy of: A) Audited financial results (Standalone & Consolidated) for the quarter & financial year ended March 31, 2023; and B) Auditor's Report on Financial Results (Standalone & Consolidated) as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with Investor presentation are enclosed herewith.
30-05-2023
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Lemon Tree Hotels Ltd - 541233 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 Pursuant to Regulation 30(6) read with Part A of Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company will host a Conference Call on Q4 and FY23 results with Investors and Analysts on Thursday, June 1, 2023 at 02:30 P.M (IST). Details of the calls with Investors and Analysts are enclosed.
24-05-2023
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Lemon Tree Hotels Ltd - 541233 - Compliances-Reg.24(A)-Annual Secretarial Compliance

 Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMDl/27/2019 dated February 8, 2019, BSE Notice No. 20230316-14 and NSE Circular Ref No: NSE/CML/2023/21 both dated March 16, 2023, please find enclosed the Annual Secretarial Compliance Report of the Company dated May 15, 2023 issued by M/s Sanjay Grover & Associates, Company Secretaries for the financial year 2022-23.
24-05-2023
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Lemon Tree Hotels Ltd - 541233 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 - W.R.T Signing Of License Agreement

 With reference to the captioned subject, we would like to inform you that the Company has signed a License Agreement for 82 room property in Gomti Nagar, Lucknow, Uttar Pradesh under the Company's brand 'Lemon Tree Premier'. The property is expected to be operational by August, 2026. This property will feature 82 well-appointed rooms, two restaurants, a bar, a swimming pool, meeting rooms, a fitness center and other public areas. Carnation Hotels Private Limited, a wholly owned subsidiary and the hotel management arm of the Company will be operating this property. Please find attached herewith the copy of the press release in above regard.
17-05-2023
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