Lemon Tree Hotels (LEMONTREE) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 total revenue reached ₹346.8 Cr, up 9% year-over-year, with net EBITDA at ₹151.9 Cr, up 7% year-over-year; PAT increased 19% to ₹57.3 Cr, and cash profit grew 17% to ₹96.0 Cr.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

• Appointment of Mr. Patanjali Govind Keswani as Chairman and Non-Executive Director effective April 1, 2027.

• Opened 6 managed/franchised hotels (334 rooms) and signed 13 new hotels (1,020 rooms) in Q1 FY27; operational and pipeline inventory stands at 23,381 rooms across 279 hotels in 170+ cities.

• Approval of a joint venture agreement for the Aurika Shillong project, with a 51% stake held by a wholly owned subsidiary.

Financial highlights

• Q1 FY27 consolidated revenue was ₹346.8 Cr, up 9% year-over-year, but down 17% sequentially from Q4 FY26.

• Consolidated net profit after tax for Q1 FY27 was ₹57.3 Cr, up 19% year-over-year, but down 51% sequentially.

• Standalone revenue from operations for Q1 FY27 was ₹10,491.58 lakhs, up from ₹9,289.45 lakhs in Q1 FY26.

• Management and franchise fees from third-party hotels rose 42% year-over-year to ₹22.8 Cr.

• Basic and diluted EPS for Q1 FY27 were ₹0.58 (consolidated) and ₹0.32 (standalone), both higher year-over-year.

Outlook and guidance

• Aurika Shimla (90 rooms) expected to open shortly; Aurika Shillong (165 rooms) in H2 FY28; Aurika Varanasi (47 rooms) in FY29; Aurika Nehru Place, Delhi, expected on or after 2030.

• Continued focus on asset-light growth, with a robust pipeline and ongoing renovations to drive future performance.

• The company operates in a single segment and notes the seasonal nature of the Indian hotel industry, indicating that Q1 results are not indicative of full-year performance.