Q1 2025 Lemon Tree Hotels Ltd Earnings Call Transcript
Key Points
- Lemon Tree Hotels Ltd (BOM:541233) recorded its highest ever revenue at INR268.4 crores in Q1 FY25, a 19% increase year-on-year.
- Gross ARR increased by 9% year-on-year to INR5,686.
- Sales from managed and franchise contracts from third-party hotels grew by 21% year-on-year.
- The company signed three new management and franchise contracts, adding 187 rooms to its pipeline.
- The inventory for the group stands at 107 operational hotels with 10,125 rooms, with an additional 4,000 rooms in the pipeline.
- EBITDA margin decreased by 4.56 percentage points year-on-year to 43%, primarily due to increased investments in renovation and digital transformation.
- Occupancy for the quarter stood at 66.6%, a decrease of 360 basis points year-on-year.
- 25% of the total Keys portfolio was shut for renovation, impacting occupancy and revenue generation.
- The case portfolio EBITDA margin decreased by about 10 percentage points year-on-year due to increased renovation expenses.
- Food and beverage costs saw a significant increase despite lower banquet activities, impacting overall profitability.
Ladies and gentlemen, good day and welcome to the Lemon Tree Hotels Limited earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Anoop Poojari from CDR India. Thank you, and over to you.
Thank you. Good afternoon, everyone, and thank you for joining us on Lemon Tree Hotels Q1 FY25 earnings conference call. We have with us today Mr. Patanjali Keswani, Chairman and Managing Director; and Mr. Kapil Sharma, Chief Financial Officer of the company. We'll begin the call with brief opening remarks from the management, following which we'll open the forum for an interactive question-and-answer session.
Before we start, I would like to point out that some statements made in today's call may be forward-looking in nature and a disclaimer to this effect has been included in the results presentation that was shared with you earlier. I would now request Mr. Keswani to make his opening remarks.
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