Trending stocks: Lemon Tree Hotels shares flat in early trade

NEW DELHI: Shares of Lemon Tree Hotels traded 0.28 per cent down in Thursday's trade at 11:10AM (IST).

Around 842685 shares changed hands on the counter. The stock opened at Rs 18.25 and touched an intraday high and low of Rs 18.6 and Rs 17.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 89.3 and a 52-week low of Rs 17.4 .


Patu Keswani, chairman of Lemon Tree Hotels, has written to his employees, stating that the listed hospitality chain is undertaking salary cuts for the management or leadership teams in order to ensure job security for all staff members.

Financials
Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 1422.08 Crore) operating in Tourism & Hospitality sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 199.62 Crore, up 30.68 % from last quarter Sales of Rs 152.76 Crore and up 39.25 % from last year same quarter Sales of Rs 143.35 Crore. The Company reported net profit after tax of Rs 11.93 Crore in latest quarter.

Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services which contributed Rs 273.32 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 31.237099 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 34.44 and price to book value of 1.07 .