Lemon Tree Hotels’ Board has approved the unaudited standalone and consolidated financial results for Q3 FY26 and the nine months ending December 31, 2025. Standalone revenue from operations stood at ₹124.62 million. Consolidated revenue reached ₹407.75 million. The board also approved a composite scheme of arrangement involving the demerger and restructuring of the company.
Financial Performance
The Board of Directors has reviewed and approved the unaudited financial results for the quarter. Key financial highlights include:
- Standalone Revenue: Revenue from operations was reported at ₹124.62 million for Q3 FY26.
- Consolidated Revenue: The consolidated revenue from operations was ₹407.75 million for the same period.
Exceptional Items
The results include recognition of certain exceptional items:
- Labour Code Impact: The financial statements reflect an impact of ₹16.62 million related to the new Labour Code on standalone basis and ₹25.51 million on consolidated basis.
- Ex-gratia Payment: One-time ex-gratia payment to employees totals ₹9.27 million on standalone basis and ₹11.06 million on consolidated basis.
- Property Tax Settlement: Settlement of property tax issues led to an expense of ₹1.67 million on standalone basis and ₹4.79 million on consolidated basis.
- Restructuring Expenses: Expenses for Group restructuring amounted to ₹0.49 million on standalone basis and ₹1.04 million on consolidated basis.
Composite Scheme of Arrangement
The Board approved a composite scheme of arrangement involving the merger and demerger of certain group entities. This action aims to separate the hotel ownership and development business from the hotel management and brand business, creating focused platforms. This restructuring is subject to necessary regulatory and shareholder approvals. The effective date for the scheme is set for April 1, 2026, pending approvals.
Source: BSE
