Lemon Tree Hotels: This small-cap stock nearly doubled investor wealth in a year; brokerage expects 28% more upside
Updated: 08 Sep 2022, 10:37 AM IST
TL;DR.Lemon Tree Hotels posted a consolidated net profit of ₹13.9 crore for the quarter ended June as against a net loss of ₹40.1 crore in the same quarter of last year. While the EBITDA margin improved by 4354bps YoY (to 48.1%), driven by cost efficiency measures.
Recent media reports show that the hospitality industry has bounced back to pre-Covid levels.