# Lemon Tree Hotels surges 7% as brokerages upgrade after Q2 results 2026-11-12T07:55:49+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 3 independent outlets Outlets counted: business-standard.com, businesstoday.in, cnbctv18.com Lemon Tree Hotels shares jumped as much as 7 percent in intraday trade on Thursday, 12 November, after the company reported Q2FY27 earnings. Revenue rose 18 percent year-on-year to ₹361 crore, while profit after tax surged 63.7 percent to ₹56.6 crore, beating the estimate of ₹52 crore. The PAT included an exceptional gain of about ₹22 crore from the termination of a hotel lease. Adjusted PAT was flat at ₹34.6 crore. Multiple brokerages maintained ‘Buy’ ratings. CLSA set a target price of ₹163, implying a 42 percent upside, while Axis Capital, IDBI Capital and PL Capital also issued positive ratings. Occupancy improved to 76.1 percent and RevPAR rose 18 percent to ₹5,137. CFO said Lemon Tree is on track to open 2,000 rooms in FY27, with pace accelerating from FY28 onwards. ## Indian Opinion Analysis Across all four sources, coverage of Lemon Tree Hotels' Q2 results and broker upgrades is uniform straight reporting. NDTV, Business Standard, CNBC-TV18 and Business Today each lead with the same double-digit stock gain and revenue figures, differing only in the names of brokerages they quote (IDBI Capital, PL Capital, CLSA, Axis Capital). The single factual discrepancy is profit after tax: Business Today puts PAT at ₹79.8 crore, up 90% year-on-year, while the other three report ₹56.6 crore, up 63.7%. Business Today's higher figure is odd, as no source explains an 18% revenue rise producing a 90% profit jump. The uniform coverage across the remaining sources provides the more conservative and consistent number. The next concrete watch item is the company's target to open 2,000 rooms by March 2027 (FY27), with pace accelerating from FY28. ## Coverage Coverage: 4 sources, 4 neutral - business-standard.com (neutral report) Straight earnings and stock price coverage - cnbctv18.com (neutral report) Straight coverage with CLSA target price - businesstoday.in (neutral report) Straight earnings with Axis Capital caution Background, not counted: ndtv.com This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry. Update, 12 November 2026: this story now draws on 4 sources. Last updated 2026-11-12T08:09:52+00:00. Tags: CLSA, IDBI Capital, Lemon Tree Hotels, MOFSL, PL Capital Canonical: https://indianopinion.org/lemon-tree-shares-jump-7-as-brokerages-see-up-to-42-upside/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/lemon-tree-shares-jump-7-as-brokerages-see-up-to-42-upside/#story-in-brief Gate decision: pass (pass: linked qualifying outlets 3 of 4, relevance 7) Freshness: pass (fresh: newest qualifying source 2026-11-12 07:40Z (feed), 0.5 h old) Image: photograph. Source: og: https://c.ndtvimg.com/2025-04/j1q6hh2g_lemon-tree-mcleodganj_625x300_07_April_25.jpg?im=FeatureCrop,algorithm=dnn,width=1600,height=900. How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/