Lemon Tree Hotels Soars on Record Q3 Performance: Net Profit Jumps 77%

Lemon Tree Hotels' shares surged over 4% today, reaching Rs 152.75, following exceptional Q3 FY25 results. The hospitality chain reported its highest-ever third-quarter revenue of Rs 355.8 crore, up 22% year-on-year, while net profit skyrocketed 77% to Rs 62.49 crore. The company's strong performance was driven by improved occupancy rates of 74.2% and a 7% increase in average room rates to Rs 6,763. Chairman Patanjali Keswani expressed confidence in sustaining growth through management portfolio expansion and strategic renovations.

Source: Money Control, CNBC TV18