Home / Companies / Results / Lemon Tree's Q4 cash profit crashes by 80% due to Covid-19 lockdown

Lemon Tree's Q4 cash profit crashes by 80% due to Covid-19 lockdown

Revenue from operations went up 17 per cent to Rs 176 crore in Q4 FY20 from Rs 150 crore in the same quarter of previous fiscal

Premium

In May, due to partial lifting of lockdown in some states, 78 per cent of its rooms were operational. The occupancy in hotels was close to 40 per cent

ANI

2 min read Last Updated : May 30 2020 | 3:02 PM IST

Lemon Tree Hotels, the country's largest mid-priced hotel chain, reported an 80 per cent drop in its cash profit to Rs 9.5 crore in the January to March quarter as compared to Rs 48 crore in Q4 FY19.

Revenue from operations went up 17 per cent to Rs 176 crore in Q4 FY20 from Rs 150 crore in the same quarter of previous fiscal, but total expenses too, increased by over 10 per cent to Rs 112 crore from Rs 102 crore.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 31 per cent to Rs 64 crore in

Topics : Coronavirus Lemon Tree Hotels

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in