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Samhi Hotels Results: Latest Quarterly Results & Analysis

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Samhi Hotels Ltd. 29 Oct 2025 11:55 AM
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Q2FY26 Quarterly Result Announced for Samhi Hotels Ltd.

Hotels company Samhi Hotels announced Q2FY26 results

  • RevPAR at Rs 5,026 up 11.2% YoY.
  • Occupancy stood at 75% for Q2FY26.
  • Total Income for the quarter was Rs 2,963 million up 11.0% YoY.
  • EBITDA for the quarter was Rs 1,105 million up 14.2% YoY.
  • PAT stood at Rs 998 million up 691.1% YoY.
  • Exceptional ltem includes:
    • Reversal of impairment (Navi Mumbai land) Rs 696 million.
    • Gain on sale of Caspia, Delhi which was recognized under “discontinued operations" Rs 145 million.
  • Credit rating upgraded to A stable by CARE.

Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels, said: “We are pleased to announce results for the period ending 30" September 2025 along with news of the landmark development in Navi Mumbai.

During the quarter total revenue growth was ~11.0% with a consol. EBITDA growth of 14.2% over same period last year. With continued growth in EBITDA and reduction in finance cost, we witnessed ~2.8x growth in PBT for the quarter. Accounting for the reinstatement of Navi Mumbai, we are very pleased to report a PAT of ~Rs 998 million for the quarter. For the H1FY26, total revenue growth was 12.0% and EBITDA growth of 16.3% over same period last year. This sets a very strong base for the remaining part of FY26 and for FY27.

We are very excited about the Navi Mumbai development. This project will redefine, both Navi Mumbai’s skyline and SAMHI’s future with potential to create a 700-room dual branded hotel. We are happy to contribute to the state’s commitment to make Navi Mumbai a world class city.

During the quarter, we also signed a long-term variable lease for a large midscale hotel in heart of Financial District in Hyderabad, allowing us to secure an impactful share of the market that continues to outperform.

We made good progress on on-going growth projects. By end of December 2025, we would have added about 8% inventory to our portfolio in current year, which will aide performance in Q4FY26 and FY27. Work on the W-Hyderabad, Westin Bengaluru and other initiatives continue as planned.

With all these growth initiatives, same-store growth continuing in range of our forecast (~9%-11% CAGR) and strong free cash from operations, we are confident of SAMHI’s growth and the value it will create for our shareholders.”

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Hotels company Samhi Hotels announced Q1FY26 results

  • Total Income for Q1FY26 was Rs 2,873 million, up 13.0% YoY.
  • EBITDA for the quarter was Rs 1,056 million, up 18.6% YoY.
  • PAT stood at Rs 192 million, up 353.8% YoY.
  • Occupancy stood at 74% for Q1FY26.
  • RevPAR at Rs 4,760 up 10.3% on a YoY basis. Business performance in May 2025 was temporarily affected due to geopolitical events, leading to a short-term deviation. From June 2025, year-on-year performance metrics reverted to April 2025 levels, indicating a return to normal operating conditions

Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels, said: “We are pleased to announce results for the period ending 30th June 2025. Despite a short period of interruption due to geopolitical issues, we continue to see good growth across our portfolio. This sets a strong base for the future. Total revenue growth was ~13.0% with a consol. EBITDA growth of 18.6% over the same period last year, despite a moderate growth during the month of May. With strong growth in EBITDA and a reduction in finance cost, we witnessed ~4.5x growth in PAT for the quarter.

Post the recently concluded transaction with GIC, we have strengthened our balance sheet to allow us to focus on growth. With a strong pipeline of assets under rebranding and/or completion, we are excited about the overall prospects of our company. We also estimate a strong investible surplus available that will allow us to seek value accretive M&A and continued expansion through highly capital-efficient variable leases.

We have also entered into an agreement to sell Caspia Hotel, New Delhi. This follows our stated strategy of capital recycling for improving returns for our shareholders. Since 2023, we have concluded over %2.1 billion of asset sales at an average EV/EBITDA multiple of ~20x & incremental ~X7.5bn of minority dilution in favour of GIC. At the same time, we have invested/ committed to invest 310.0bn in new assets and rebranding, which will be at a material premium in terms of returns.

We remain committed to disciplined growth, operational excellence, clear communication and excited about the prospects for SAMHI.”

Result PDF

Hotels company Samhi Hotels announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • RevPAR! at Rs 5,958 up 20.6% on a YoY basis demonstrate strong business demand across key markets with established larger base of demand and continued growth in commerecial activities across key markets driving RevPAR growth.
  • Occupancy stood at 75% for Q4FY25.
  • Asset Income and Asset EBITDA grew YoY by 13.6% and 17.7% respectively. Q4FY25 Asset Income and Asset EBITDA YoY change % on a same store basis is 15.8% and 22.0% respectively.
  • PAT Rs 459 million

FY25 Financial Highlights:

  • RevPAR at Rs 5,015 up 16.5% on a YoY basis. Occupancy stood at 74% for FY25.
  • Asset Income and Asset EBITDA grew YoY by 17.7% and 21.2% respectively.
  • PAT Rs 855 million
  • ESOP costs stood at Rs 177 million which is expected to reduce to ~Rs 100 million in FY26

Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels said, “The results for Q4 and FY2025 performance reflects SAMH!’s focus on expanding high-quality hotel portfolio, driving strong revenue growth, and delivering robust EBITDA performance. Positive momentum in room rates, effective portfolio management, and disciplined execution continue to reinforce our leadership in the hospitality sector.

We are pleased to announce the completion of our strategic partnership with GIC, a globally respected long-term investor. Together, we have launched a dedicated Upscale hotel investment platform—an important milestone that speaks to the strength of our operating model, the quality of our assets, and our capability to execute valueaccretive strategies at scale. The initial seed portfolio of over 1,000 rooms in key commercial hubs like Bengaluru and Pune underscores our commitment to high-demand, high-barrier-to-entry markets.

Post the GIC deal, our Net Debt to EBITDA stands at 3.2x, enabling us to fund growth efficiently while maintaining financial discipline.

Looking ahead, we remain focused on scaling efficiently, strengthening margins, and enhancing shareholder value. With a future-ready platform, strong institutional backing, and a clear roadmap for growth, we are confident in our ability to continue delivering strong, sustained returns for our stakeholders.”

Result PDF

Hotels company Samhi Hotels announced Q3FY25 results

  • Income: Rs 2,964 million compared to Rs 2,692 million during Q3FY24, change 10.1%.
  • RevPAR at Rs 5,088 up 15.1% on a YoY basis demonstrate strong business demand across key markets with established larger base of demand and continued growth in commercial activities across key markets driving RevPAR growth.
  • Occupancy stood at 72% for Q3FY25.
  • Asset Income and Asset EBITDA grew YoY by 10.1% and 12.6% respectively. Same store growth & positive impact of ACIC acquisition led to strong growth in Asset Income and EBITDA.
  • The Finance Cost decreased to 9.4% as of December 31, 2024, compared to 9.5% as of September 30, 2024.
  • PAT of Rs 228 million including Rs 65 million impact of a non-cash refinancing expense. The refinancing results in an annualized saving of Rs 160 million in interest expense.

Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels, said: “We are pleased with the results for Q3 & 9MFY25. During the quarter we maintained healthy revenue growth. EBITDA growth was strong given successful ACIC integration and strong operating leverage.

Our core markets remain resilient. For Q3 & 9MFY25, occupancy stood at 72% and 74% respectively, reflecting strong demand for our assets.

I am also pleased to announce the reopening of Caspia Pro in Greater Noida as Holiday Inn Express with 133 rooms in December 2024. Our growth projects are on track with Holiday Inn Express in Kolkata and new rooms in Bengaluru under pre-opening stage.

We are also making good progress on two latest acquisitions. The concept development for our proposed new block of 220 rooms in Whitefield, Bengaluru, under “Westin” brand by Marriott and for conversion of an existing building into a “W” brand hotel in Hitec city, Hyderabad, are at advanced stages of finalization.

Once we complete the on-going initiatives, we would have almost doubled our Upper Upscale & Upscale inventory, which will have a substantial impact on our business.”

Result PDF

Hotels company Samhi Hotels announced Q1FY25 results:

  • RevPAR at Rs 4,276 up 13.0% on a YoY basis demonstrate strong business demand across key markets
  • Asset Income and Asset EBITDA grew YoY by 31.2% and 31.7% respectively. Same store growth & positive impact of ACIC acquisition led to strong growth in income and EBITDA
  • Consolidated EBITDA (pre-ESOP & one-time expenses) at Rs 934 million, up 43.7% YoY. The significant growth underscores the strength and potential of the current portfolio.
  • PAT at Rs 42 million 

Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, “We achieved total revenue of Rs 2,568 million and consolidated EBITDA! of Rs 934 million. During the quarter, RevPAR grew by 13.0% YoY, demonstrating that our core markets & demand drivers continue to grow strong.
The integration of ACIC is proceeding well and has resulted in ~520 bps margin improvement in Q1FY25 vis-G-vis HI1FY24 (pre-acquisition). We have also started rebranding of two of the ACIC hotels and this will help us materially increase its contribution to SAMHI.

We have good liquidity position and have strong free cash flows from operations in FY25, providing resources to fuel both internal and external growth opportunities.

With continued growth in our existing portfolio, the opening of new hotels, renovation, rebranding of ACIC assets, and a robust pipeline in key markets, our growth prospects remain strong in the coming quarters.”

Result PDF

Hotels company Samhi Hotels announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • RevPAR up 16.9% YoY at Rs 4,830 
  • Asset Income up 35.4% YoY
  • Asset EBITDA up 45.4% YoY
  • PAT Rs 113 million
  • Positive Free Cash flow
  • Consolidated EBITDA: Rs 1,077 million

FY24 Financial Highlights:

  • RevPAR up 17.0% YoY
  • Asset Income up 28.4% YoY
  • Asset EBITDA up 34.6% YoY

Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, We achieved a total revenue of Rs 2,899 million and EBITDA* of Rs 1,077 million during the quarter and have turned PAT positive. This was supported by a strong operational performance of our hotels which continue to benefit from significant growth of India’s commercial office and aviation market.

For FY24 we achieved a total revenue of Rs 9,787 million and EBITDA* of Rs 3,484 million. If we include ACIC for the unconsolidated period, the same will be Rs 10,527 million and Rs 3,681 million respectively.

Reduction in debt and finance cost allows SAMHI to be well-positioned to generate significant free cash flow from operations in FY25, providing resources to fuel both internal and external growth opportunities.

Looking ahead to FY25, SAMHI is poised for robust growth. This trajectory will be propelled by a multitude of factors including continued RevPAR growth in our same-store hotels due to their favorable locations & positioning, completion of the ACIC Portfolio integration, strategic renovation, and rebranding initiatives. Growth in EBITDA, reduction in ESOP expenses and corporate G&A sets us for a strong PAT growth in FY25 and beyond.

Result PDF

Samhi Hotels announced Q1FY24 results:

1. Financial Performance:
- SAMHI Hotels Ltd. reported a 14.2% growth in Asset Income and a 12.5% growth in Asset EBITDA for the quarter ended June 30, 2023.
- The company saw a significant reduction in debt and finance costs, with net debt decreasing from 28,339mn to 18,331mn.
- The cost of debt is expected to decrease by approximately 57% in the second half of FY24, resulting in healthy internal accruals.

2. Operational Highlights:
- SAMHI Hotels reported a YoY growth of 14.2% in RevPAR (revenue per available room), driven by improved average room rates and occupancy levels consistently above 70%.
- The demand environment remains strong with little new supply in core markets, and the company is optimistic about the upcoming strong season.
- In August 2023, SAMHI Hotels completed the acquisition of the ACIC Portfolio, which includes 962 rooms and land for development in Navi Mumbai.

3. Strategic Priorities:
- SAMHI Hotels' key priorities include strong growth through leveraging the strength of its assets and integrating the ACIC Portfolio.
- The company aims to improve the market share of specifically identified hotels within its portfolio through renovation, rebranding, and expansion.
- Reduction in finance costs, debt repayment, and overall cost optimization are also key priorities.

Ashish Jakhanwala, Chairman, Managing Director, and CEO of SAMHI Hotels, said, "We are proud to create a formidable hotel company in India within a period of 12 years. Our Q1FY24 performance is a testament to our strong growth, with RevPAR increasing by 14.2% YoY and average room rates improving by 17.7% YoY. We remain confident in the opportunities in the hotel industry in India and our capabilities to leverage them to our advantage."

 

 

Result PDF

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