Lemon Tree Hotels - Growth Story Intact, Aims To Be Debt Free In 4-5 Years: Anand Rathi

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

We expect Lemon Tree Hotels Ltd.’s Q2 FY23 to be on similar lines as in Q1, as it sees demand rising.

International travel returning would further benefit it in coming months. Lemon Tree is set to open its largest hotel, Aurika (669 rooms), Mumbai International Airport by end-CY23 (construction on track) ~13% of its current inventory.

Therefore we incorporate Aurika, MIAL, and introduce our FY25 estimates, anticipating the company to report revenue/Ebitda compound annual growth rates of 47%/71% over FY22-FY25.

Risk: A slow-down in the economy would curtail demand, Vulnerable to external factors: terrorist attacks, epidemics, further delay in opening the Aurika MIAL property etc.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime 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 author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Image and article originally from www.bqprime.com. Read the original article here.