Now Reading: Lemon Tree Hotels surges 7% as brokerages upgrade after Q2 results
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Lemon Tree Hotels surges 7% as brokerages upgrade after Q2 results
Lemon Tree Hotels surges 7% as brokerages upgrade after Q2 results
The Story in Brief
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: 4 sources, 4 neutral
Sources (4): ndtv.com (neutral report), business-standard.com (neutral report), cnbctv18.com (neutral report), businesstoday.in (neutral report)
This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Update, 12 November 2026: this story now draws on 4 sources.
