Hotels company Lemon Tree Hotels announced Q2FY25 results Total Revenue: Rs 284.8 crore, growth Up 24% YoY. EBITDA: Rs 131.2 crore, growth Up 25% YoY. EBITDA Margin: 46.1% for Q2FY25, Up 53 bps. PAT: Rs 35.0 crore, growth Up 33% YoY. Cash Profit: Rs 69.8 crore, growth Up 43% YoY. Cost of Debt: 8.68%, Down 16 bps. Patanjali Keswani, Chairman & Managing Director, Lemon Tree Hotels, said: “Lemon Tree recorded its highest ever 2nd quarter revenue this year. At Rs 284.8 crore, our revenue grew by 24% as compared to Q2 last year while Net EBITDA grew 25% YoY translating into a Net EBITDA Margin of 46.1% which increased by 53 bps YoY. Q2FY25 recorded a Gross ARR of Rs 5,902 which increased by 12% YoY. The occupancy for the quarter stood at 68.4% which decreased by 328 bps YoY. This translated into a RevPAR of Rs 4,035 which increased by 7% YoY. In Q2FY25, if we exclude the increase in renovation expenses of Rs 8 crore (above that spent last year), in Q2 our Net EBITDA margin would be 48.9%, a 340 bps increase YoY. With demand growth expected to exceed supply growth in the next few years accompanied by the structural tailwinds in discretionary consumption of branded rooms that India is starting to witness, our increased investment in renovation will allow us to better position our hotels going forward to capture superior pricing and position Lemon Tree as the brand of choice in the mid-market segment. Fees from management & franchised contracts for 3rd party owned hotels stood at Rs 13.4 crore in Q2FY25 which increased by 28% YoY. Fees from Fleur Hotels stood at Rs 18.4 crore in Q2FY25 which increased by 35% YoY. Total management fees for Lemon Tree stood at Rs 31.8 crore in Q2FY25 which increased by 32% YoY. Our debt decreased by Rs 90 crore from Rs 1,912.6 crore as of 30th September 2023 to Rs 1,822.6 crore as of 30th September 2024. Cash profit for the company stood at Rs 69.8 crore in Q2FY25 which increased by 43% YoY. During the quarter, we signed 19 new management & franchise contracts which added 1,373 new rooms to our pipeline and operationalized 5 hotels which added 193 rooms to our portfolio. As of 30th September, 2024 the inventory for the group stands at 112 operational hotels with 10,318 rooms, and a pipeline of 75 hotels with 5,220 rooms.” Result PDF