Lemon Tree Hotels has announced robust financial results for the second quarter and first half of FY27. The company reported a 18% year-on-year increase in total revenue to ₹363.8 crore for Q2 FY27 and a 14% increase for H1 FY27 to ₹710.6 crore. Net EBITDA also saw substantial growth, up 22% in Q2 FY27 to ₹162.2 crore and 14% in H1 FY27 to ₹314.0 crore. PAT grew significantly by 90% in Q2 FY27 to ₹79.8 crore.
Lemon Tree Hotels Announces Strong Q2 and H1 FY27 Performance
Lemon Tree Hotels Limited has reported impressive financial and operational results for the second quarter (Q2) and the first half (H1) of the financial year 2027 (FY27). The company demonstrated significant year-on-year growth across key performance indicators, reflecting a healthy operational performance and strategic execution.
Q2 FY27 Financial Highlights
For the quarter ended September 30, 2026, Lemon Tree Hotels recorded a Total Revenue of ₹363.8 crore, marking an 18% increase compared to the same period in the previous year. Net EBITDA stood at ₹162.2 crore, a substantial rise of 22% year-on-year. The Net EBITDA Margin improved by 157 basis points to 44.6%. Profit After Tax (PAT) saw a remarkable surge of 90% to ₹79.8 crore, while Cash Profit grew by 28% to ₹97.2 crore.
Like-for-like Net EBITDA, which excludes the impact of GST and Provision for Stock Appreciation Rights, stood at ₹173.7 crore in Q2 FY27, up 31% year-on-year. Gross ARR increased by 8% to ₹6,751, and occupancy rose by 633 basis points to 76.1%.
H1 FY27 Performance
In the first half of FY27, the company reported a Total Revenue of ₹710.6 crore, up 14% year-on-year. Net EBITDA for H1 FY27 was ₹314.0 crore, a 14% increase compared to H1 FY26. PAT for the half-year grew by an impressive 52% to ₹137.1 crore, and Cash Profit increased by 22% to ₹193.2 crore.
Portfolio Expansion and Development
Lemon Tree Hotels continued to expand its footprint, opening 8 managed and franchised hotels with 523 rooms in Q2 FY27. The company also signed 11 managed and franchised hotels comprising 825 rooms. The combined operational and pipeline inventory now stands at 24,061 rooms across 285 hotels.
Furthermore, the company announced the acquisition of land in Bandra (East), Mumbai, for ₹120 crore to develop a new Lemon Tree Premier hotel, expected to open in FY30. Several other properties, including Aurika, Shimla, Aurika, Shillong, Aurika, Varanasi, and Aurika, Nehru Place, Delhi, are under various stages of development and are expected to open in the coming years.
Balance Sheet Strength
As of September 30, 2026, the company’s gross debt stood at ₹1,429.2 crore, an 11% decrease year-on-year. The debt-to-equity ratio improved to 0.64x from 0.86x.
Source: BSE
