Buy Lemon Tree Hotels, target price Rs 125: JM Financial

JM Financial has buy call on Lemon Tree Hotels with a target price of Rs 125. The current market price of Lemon Tree Hotels is Rs 115.15.

Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 9071.22 Crore) operating in Tourism & Hospitality sector.

Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 230.12 Crore, up 2.45 % from last quarter Total Income of Rs 224.61 Crore and up 16.55 % from last year same quarter Total Income of Rs 197.43 Crore. Company reported net profit after tax of Rs 26.19 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 23.28 per cent stake in the company as of 30-Sep-2023, while FIIs owned 24.82 per cent, DIIs 13.41 per cent.