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Achanak kya hua? Kamai Top Par, Stock Neeche?
Lemon Tree Hotels ke liye Q3 ka quarter kamaal ka raha! Company ne apna highest-ever third-quarter revenue report kiya hai, jo 15% badhakar ₹407.8 Crore ho gaya hai. Saath hi, EBITDA bhi 12% jump karke ₹206.4 Crore par pahunch gaya. Ye numbers hotel industry ke liye kaafi solid hain.
Aur company rukne waali nahi hai, expansion bhi jari hai. Nepal mein unka saatvaan hotel khul gaya hai aur Srinagar mein bhi ek naya property add kiya hai. Toh operational side pe sab kuch mast chal raha hai.
Par Stock Kyun Gir Raha Hai?
Sabse confusing baat yehi hai ki itne acche results aane ke baad bhi, stock market mein Lemon Tree Hotels ka share pichhe hatt raha hai. Iss saal ab tak share 30.91% gir chuka hai aur pichhle ek saal mein 24.56% down hai. Halanki, April 2 ko stock ne 0.41% ka chhota gain dikhaya tha aur ₹108.24 par close hua, par overall trend stock ke liye achha nahi dikh raha.
Industry Growth vs. Company Performance
Indian hospitality sector waise bhi dhoom macha raha hai. Experts ka kehna hai ki 2025-26 mein revenue 9-12% tak grow kar sakta hai aur 2030 tak sector ka market size ₹4.5 Lakh Crore ko paar kar sakta hai, jisme 13.38% ka CAGR estimate hai.
Valuation aur Competitor Ka Chakkar
Jabki company numbers mein achhi dikh rahi hai, investors valuation ko lekar thoda cautious hain. Lemon Tree Hotels ka P/E ratio kuch competitors se zyada hai. Agar EIH Ltd. (Oberoi) ko dekhein toh uska P/E alag hai. Indian Hotels Company Ltd. (IHCL) ka P/E aur bhi zyada hai, par IHCL ka stock performance bahut strong hai aur uska market cap ₹83,000 Crore se upar hai. Lemon Tree ka market cap filhal lagbhag ₹8,472 Crore hai.
Company par kuch debt bhi hai, haalanki woh ise kam karne par focus kar rahe hain. Pichhle debt-to-equity ratio ne investors ko pareshan kiya tha. Q3 mein renovation, tech investments aur GST ki wajah se kuch expenses badhe, jisne PAT ko ₹31.3 Crore tak affect kiya.
Future Outlook Aur Analysts Kya Kehte Hain?
Future mein company ko umeed hai ki FY28 tak margins improve honge aur expenses kam ho jayenge. Woh asset-light model par zyada focus kar rahe hain. Analysts bhi generally positive hain, unka consensus 'BUY' rating hai aur average target price ₹175.15 hai, jo lagbhag 60% se zyada ka upside dikhata hai. Par jab tak stock price operational success ke saath match nahi karta, tab tak investors ko thoda soch samajh kar chalna padega.