20 Jan 2020 | 11:50 PM

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COMPANYNEWS
Lemon Tree Hotels Q1 net profit down 37.30% at Rs 3.11 cr
  Lemon Tree Hotels Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-07-2019
The company reported standalone net profit of Rs 3.11 crore for the quarter ended June 30 2019 as compared to Rs 4.96 crore in the same period last year registering a year-on-year decline of 37.30 per cent.


Net revenue of the company rose marginally by 1.81 per cent at Rs 64.78 crore in April-June quarter of this fiscal as against Rs 63.63 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 5.00 per cent to Rs 43.16 crore from Rs 45.43 crore in year ago period.


Other Income dipped by 41.67 per cent at Rs 0.70 crore versus (Jun`18 Rs 1.20 crore).


Operating Profit surged by 18.79 per cent to Rs 21.62 crore as against Rs 18.20 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 16.64 per cent in June quarter.


Interest grew by 46.43 per cent y-o-y to Rs 11.89 crore while Taxation increased by 4.92 per cent at Rs 1.28 crore (Jun`18 Rs 1.22 crore).