Motilal Oswal: Lemon Tree Only Hotel Player In Q1 Likely To Be Ebitda Positive

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Lemon Tree Hotels Ltd.’s cost saving initiatives have aided in achieving positive Ebitda (higher than estimate).This is commendable in our view, especially at a time when hotel players have either reported or are likely to post Ebitda loss (for players yet to announce results).Although Ebitda was above our estimates, we have maintained our FY21/22E estimates as Q1 FY21 is not expected to contribute materially to FY21 Ebitda.Revenue was down 71% YoY to Rs 407 million (versus estimate Rs 434 million). Average room rate declined 34% YoY to Rs 2,626, while occupancy decreased 48.7 per person to 28.9%, leading to revenue per available room drop of 76% YoY to Rs 759.Ebitda plunged 90% YoY to Rs 44 million (versus estimate Rs 3 million) while adjusted loss stood at Rs 419 million (versus loss of Rs 17 million last year)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Motilal Oswal: Lemon Tree Only Hotel Player In Q1 Likely To Be Ebitda Positive

Motilal Oswal: Lemon Tree Only Hotel Player In Q1 Likely To Be Ebitda Positive

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