Samhi Hotels Limited has informed the Exchange about Transcripts of Q2FY26 Earnings Conference Call held on Wednesday, 29th October 2025 which are enclosed for your information, please.
SAMHI · price
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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.2 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Samhi Hotels reported a strong Q2 FY26 with same-store RevPAR growth of 11.2% YoY to INR 5,026, in line with its 9-11% CAGR guidance. Total income rose 11% YoY to INR 296 crores, while EBITDA grew 14% to INR 110 crores with margins improving 110 basis points to 37.3%. Profit after tax stood at INR 99-100 crores, boosted by a one-time INR 71 crore gain from reversal of Navi Mumbai land impairment and sale of Caspia Delhi. The company announced two transformational growth projects: a 400-room (expandable to 700) dual-branded Westin and Fairfield by Marriott development in Navi Mumbai with INR 650 crore capex over 3-4 years, and a 260-room mid-scale hotel in Hyderabad's Financial District on a long-term variable lease. The balance sheet strengthened with net debt/EBITDA at 2.9x (2.4x adjusted), credit rating upgraded to A+ stable, and average interest cost at 8.5%, expected to fall to 7.9% post-refinancing.
Positive for shareholders - the company is delivering on its growth and margin guidance while announcing major portfolio expansion into Mumbai for the first time. Strong free cash generation and disciplined capital allocation (no fresh land purchases, focus on M&A and variable leases) support sustainable growth. The 9-11% same-store revenue CAGR guidance and 17-18% total company CAGR target indicate a multi-year compounding story, though execution of the large Navi Mumbai project remains a key monitorable.