Lemon Tree Hotels Announces Q1 Results, Approves Strategic Joint Venture, and Outlines Leadership Transition
Lemon Tree Hotels Limited released its unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company also approved a major joint venture agreement (JVA) involving its subsidiary Carnation Hotels Private Limited and RJ Corp Limited regarding Arum Hotels Private Limited. Furthermore, the Board of Directors approved the future appointment of Mr. Patanjali Govind Keswani as Chairman and Non-Executive Director.The Financial Results reflect the performance across multiple entities within the Group. The consolidated results encompass 26 listed entities, including subsidiaries like Canary Hoteis Private Limited and Arum Hotels Private Limited, along with associates and associated firms.
Consolidated Financial Performance (Q1 FY27)
The unaudited consolidated financial statements for the quarter ended June 30, 2026 are detailed below:| Metric | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Unaudited) | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 3,446,061 | 4,164,039 | 31,577.05 | 14,44,45033 |
| Total Income | 3,467,531 | 4,195,045 | 2,619 | 45,266.61 |
| Total Expenses | 19,490.04 | 2,011 | 17,52636 | 7533360 |
| Profit Before Tax (PBT) | 1,518,527 | 2,183,491 | 1,421,477 | 69,933.01 |
Standalone Financial Performance (Q1 FY27)
The unaudited standalone financial results for Lemon Tree Hotels Limited show the following figures:| Metric | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Unaudited) | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 10,491.58 | 1,336,245 | 928,945 | 44,203.93 |
| Total Income | 10,529.83 | 13,48882 | 9,318.83 | 44,42510 |
| Total Expenses | 6,076.64 | 635843 | 519200 | 22,469.17 |
| Profit Before Tax (PBT) | 445,319 | 713,039 | 412,674 | 21,955.93 |
Strategic Joint Venture Agreement
The Board of Directors approved the execution of a Joint Venture Agreement (JVA) concerning Arum Hotels Private Limited, the Special Purpose Vehicle (SPV) established for the development and execution of the Aurika Shillong project.Under the terms of the JVA:
- Carnation Hotels Private Limited, a wholly owned subsidiary, will hold 51% of the equity share capital of Arum.
- RJ Corp Limited will hold the remaining 49% of the equity share capital of Arum.
Governance and Leadership Transition
The Board also addressed the tenure and future role of Mr. Patanjali Govind Keswani, who has been associated with Lemon Tree Hotels since August 3, 2002.Mr. Patanjali Govind Keswani, who was appointed as Chairman and Executive Director of the Company for a period of 18 months effective from October 1, 2025, will complete his current tenure on March 31, 2027.
Based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Mr. Patanjali Govind Keswani as Chairman and Non-Executive Director of the Company with effect from April 1, 2027.
Trading Window Opens
The trading window for all Directors, Promoters, Connected Persons, Designated Persons and their immediate relatives of Lemon Tree Hotels Limited opens after 48 hours following the declaration of Financial Results for the quarter ended on June 30, 2026.LEMONTREE Stock Price Movement
Lemon Tree Hotels Limited shares slipped on Friday, settling at ₹111.01 after shedding 1.62% from the previous close. The stock saw a daily low of ₹110.55 and traded heavily, with approximately 2.9 million shares exchanged during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: