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Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) just unveiled an announcement.
Lemon Tree Hotels Limited reported its highest ever Q1 revenue at Rs. 317.4 crore, marking an 18% growth compared to the previous year, despite challenges such as geopolitical tensions and COVID-19 concerns. The company also saw a significant increase in profit after tax by 139% year-over-year, and a reduction in debt by 11%, indicating strong financial performance and improved operational efficiency.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited operates in the hospitality industry, focusing on providing mid-priced hotel accommodations. The company is known for its wide range of hotels across India, catering to both business and leisure travelers.
Average Trading Volume: 171,097
Technical Sentiment Signal: Strong Buy
Current Market Cap: 114.8B INR
Learn more about LEMONTREE stock on TipRanks’ Stock Analysis page.