Lemon Tree Hotels Ltd’s net loss jumps 30 times to Rs 60 cr for Q1FY21

New Delhi: Lemon Tree Hotels Ltd’s consolidated net loss jumped almost 30 times to Rs 60 crore for the first quarter of the current fiscal as compared to Rs 2.1 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operation fell 71 percent to Rs 40 crore for the first quarter of the current fiscal as compared to Rs 140 crore in the corresponding quarter of the previous fiscal.

The consolidated total expenses of the company fell to Rs 36 crore for the first quarter of the current fiscal as compared to Rs 96 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

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