Shares of Lemon Tree Hotels declined more than 4% on Thursday, November 13, after the company reported a mixed set of numbers for the September quarter (Q2 FY26). The stock slipped to ₹156.28 from the previous close of ₹163.24 in early trade.
The hospitality chain posted a 16.7% year-on-year rise in net profit at ₹34.6 crore compared to ₹29.6 crore last year. Revenue grew 7.7% year-on-year to ₹306 crore from ₹284 crore, supported by steady operational demand.
However, operating performance remained subdued. EBITDA stayed flat at ₹131 crore, reflecting increased cost pressures during the quarter. Correspondingly, margins contracted to 42.7% from 46% a year ago, signalling challenges in managing operating expenses despite higher revenue growth.
The market reaction remained negative as investors focused on the drop in profitability metrics, even though headline profit growth remained healthy.
Separately, General Insurance Corporation (GIC) also reported its September-quarter earnings. Net premium earned increased slightly by 0.4% to ₹8,925 crore from ₹8,887 crore, while net profit surged 54.8% year-on-year to ₹2,874 crore from ₹1,856 crore.
