21 Jan 2020 | 2:40 PM

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COMPANYNEWS
Lemon Tree Hotels Q2 net profit down 26.83% at Rs 6.19 cr
  Lemon Tree Hotels Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-13-2019
The company reported standalone net profit of Rs 6.19 crore for the quarter ended September 30 2019 as compared to Rs 8.46 crore in the same period last year registering a year-on-year decline of 26.83 per cent.


Net revenue of the company rose marginally by 3.53 per cent at Rs 66.85 crore in July-September quarter of this fiscal as against Rs 64.57 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 4.56 per cent to Rs 43.97 crore from Rs 46.07 crore in year ago period.


Other Income dipped by 87.61 per cent at Rs 0.71 crore versus (Sep`18 Rs 5.73 crore).


Operating Profit surged by 23.73 per cent to Rs 22.89 crore as against Rs 18.50 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 19.48 per cent in September quarter.


Interest grew by 27.76 per cent y-o-y to Rs 10.63 crore while Taxation decreased by 48.40 per cent at Rs 1.13 crore (Sep`18 Rs 2.19 crore).