SAMHI Hotels Limited (BSE: 543984) (NSE: SAMHI) announced its unaudited Standalone and Consolidated results for the quarter ended 30th June 2025.
SAMHI Hotels Leadership Insights
Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd., 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 consolidated 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 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, allowing 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.”
He also added, “We estimate a strong investible surplus that will allow us to pursue 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, in line with our stated strategy of capital recycling to improve returns for our shareholders. Since 2023, we have concluded over ₹2.1 bn of asset sales at an average EV/EBITDA multiple of ~20x and an incremental ~₹7.5 bn of minority dilution in favor of GIC. At the same time, we have invested or committed to invest ₹10.0 bn+ in new assets and rebranding, which will deliver a material premium in terms of returns. We remain committed to disciplined growth, operational excellence, and clear communication, and are excited about the prospects for SAMHI.”
Key Highlights for Q1 FY 2026
- RevPAR at ₹4,760, up 10.3% YoY. 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.
- Occupancy stood at 74% for Q1FY26.
- Total Income for the quarter was ₹2,873 Mn, up 13.0% YoY.
- EBITDA for the quarter was ₹1,056 Mn, up 18.6% YoY.
- PAT stood at ₹192 Mn, up 353.8% YoY.
Consolidated Financial Highlights
| In ₹ Mn | Q1FY26 | Q1FY25 | YoY % | FY25 |
|---|---|---|---|---|
| Total Income | 2,873 | 2,544 | 13.0% | 11,387 |
| Consolidated EBITDA | 1,056 | 891 | 18.6% | 4,251 |
| EBITDA Margin % | 36.8% | 35.0% | — | 37.3% |
| PBT (before exceptional items) | 259 | 56 | 366.6% | 872 |
| Exceptional Items | — | — | — | (194) |
| Profit/(Loss) from discontinued operations | (28) | (21) | — | (71) |
| PBT | 231 | 35 | — | 607 |
| PAT | 192 | 42 | 353.8% | 855 |
| Attributable to SAMHI | 173 | 42 | — | 855 |
| Attributable to Minority Interest | 19 | — | — | — |
Debt Profile
| In ₹ Mn | Mar 31, 2025 | Jun 30, 2025 | Post Caspia Delhi Sale |
|---|---|---|---|
| Net Debt | 19,669 | 14,345 | 13,695 |
| TTM EBITDA¹ | 4,434 | 4,574² | 4,574² |
| Net Debt : EBITDA | 4.4x | 3.1x | 3.0x |
| Interest Rate | 9.2% | 8.6%³ | 8.5% |
| Annualised Interest Cost⁴ | ~1,900 | ~1,400 | ~1,350 |
¹ Excluding ESOP & One-time Expenses
² Excludes Caspia, Delhi EBITDA on TTM basis
³ As on 5th August 2025
⁴ Does not include non-cash finance cost items such as interest on lease, EIR, etc. which are charged to P&L