Q1 2026 Lemon Tree Hotels Ltd Earnings Call Transcript
Key Points
- Lemon Tree Hotels Ltd (BOM:541233) recorded its highest ever Q1 revenue at INR317.4 crores, an 18% increase compared to the previous year.
- Net EBITDA grew 23% year-on-year to INR142 crores, with a margin increase of 178bps to 44.8%.
- The company's profit after tax increased by 139% year-on-year to INR48.1 crore.
- The company reduced its debt by INR206 crores, or 11%, compared to the previous year.
- Investments in renewable energy have led to a reduction in power and fuel costs from 8.7% to 6.9% of revenue.
- 350 rooms were shut for renovation during the quarter, impacting potential revenue.
- There have been delays in the scheduled openings of managed and franchise hotels due to factors beyond the company's control.
- The company is incurring significant renovation and tech costs, currently at 6% of total revenue, which is expected to drop to 2-2.25% post-renovation.
- The occupancy rate in some markets, such as Bangalore and Mumbai, has not seen significant growth.
- The company faces challenges in increasing ADR in certain markets due to the focus on stabilizing occupancy.
Ladies and gentlemen, good day and welcome to the Lemon Tree Hotel Limited earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Anoop Poojari from CDR India. Thank you and over to you.
Thank you. Good afternoon everyone and thank you for joining us on Lemon Tree Hotel's Q1 FY26 earnings conference call. We have with us Mr. Patanjali Govind Keswani, CMD; Mr. Kapil Sharma, CFO; Mr. Vishvapreet Cheema, President; Mr. Sanjay Rai, Chief Revenue Officer, Mr. Sourav Sardal, CEO, Floor Hotels; Mr. Mayank Sharma, CFO, Floor Hotels Limited; and Mr. Niket Sood, Vice President, Commercial Strategy of the company.
We would like to begin the call with opening remarks from the management, following which we will have the forum open for an interactive question and answer session. Before we start, I would like to point out that some statements made in today's call may be forward looking in nature and are discriminatory to this
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