SAMHI Delivers Impressive Q1 FY25 Results Amidst Strong Market Demand

SAMHI Hotels Limited (BSE: 543984) (NSE: SAMHI) a prominent branded hotel ownership and asset management platform in India, announced its unaudited Standalone and Consolidated results for the quarter ended 30th June 2024.

Commenting on the performance, Mr. Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, 

‘’We achieved total revenue of Rs. 2,568 Mn and consolidated EBITDA1 of Rs. 934 Mn. During the quarter, RevPAR2 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-à-vis H1FY24 (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.”

1. EBITDA excluding ESOP & One-time Expenses
2. Based on Same-store i.e. excludes ACIC Portfolio acquired in Aug’23 and Caspia Pro, Greater Noida which is currently shut-down and under renovation

Key Highlights for Q1FY25:

• 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 Mn, up 43.7% YoY. The significant growth underscores the strength and potential of the current portfolio.
• PAT at Rs. 42Mn

Consolidated Financial Highlights: