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Lemon Tree Hotels: Better placed to ride the revival wave

February 19, 2021 / 04:51 PM IST
Lemon Tree Hotels: Better placed to ride the revival wave

Saurabh Kumar, Executive Vice Chairperson (EVC) of EESL, said, “We hope that the success we will achieve through our projects will encourage many more players to explore avenues for strengthening their energy efficiency and conservation initiatives.”

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Lemon Tree Hotels (LMNT) (CMP: Rs 43 Market cap: Rs 3,375 crore) posted slightly lower-than-expected Q3 results, mainly driven by pressure on average daily rates due to higher share of the retail segment. Occupancies continued to improve on a quarter-on-quarter basis and the trend is expected to continue, which would eventually lead to improved pricing as well. FY22 is expected to see a strong recovery with normalcy likely towards end of FY23. With the stock price ~30 percent below...

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