Buy Lemon Tree Hotels, target price Rs 170: Motilal Oswal

Motilal Oswal has buy call on Lemon Tree Hotels with a target price of Rs 170. The current market price of Lemon Tree Hotels Ltd. is Rs 134.15.

Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10653.34 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 30-06-2024, the company reported a Consolidated Total Income of Rs 270.86 Crore, down -18.86 % from last quarter Total Income of Rs 333.84 Crore and up 20.59 % from last year same quarter Total Income of Rs 224.61 Crore. Company reported net profit after tax of Rs 20.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 22.8 per cent stake in the company as of 30-Jun-2024, while FIIs owned 27.61 per cent, DIIs 15.17 per cent.