Buy Lemon Tree Hotels, target price Rs 175: Motilal Oswal

Motilal Oswal has buy call on Lemon Tree Hotels Ltd. with a target price of Rs 175. The current market price of Lemon Tree Hotels is Rs 140.7.

Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 11127.10 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 31-03-2024, the company reported a Consolidated Total Income of Rs 333.84 Crore, up 14.77 % from last quarter Total Income of Rs 290.87 Crore and up 30.27 % from last year same quarter Total Income of Rs 256.26 Crore. Company reported net profit after tax of Rs 84.15 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 22.88 per cent stake in the company as of 31-Mar-2024, while FIIs owned 27.09 per cent, DIIs 15.34 per cent.