Samhi Hotels Limited has informed the Exchange about Investor Presentation
SAMHI · price
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Samhi Hotels reported Q1 FY26 total income of ₹2,873mn, up 13.0% YoY, with same-store RevPAR of ₹4,760 (+10.3% YoY) and consolidated EBITDA of ₹1,056mn (+18.6% YoY), translating to a 36.8% margin. PAT jumped 353.8% YoY to ₹192mn. May 2025 was impacted by geopolitical disruptions and the Ahmedabad plane crash, but performance rebounded in June. The recently concluded GIC transaction (₹7,500mn minority dilution, ~₹5,800mn received) significantly strengthened the balance sheet, with net debt falling from ₹19,669mn to ₹14,345mn and Net Debt/EBITDA improving from 4.4x to 3.1x (2.5x adjusted). The company disclosed a growth pipeline of 1,069 rooms (473 rebranding + 596 new/expansion) including W Hyderabad, Westin Whitefield, and Courtyard Pune, and targets installed capacity of ₹15,300mn revenue at ~41% EBITDA margin. Management also projects a ₹17,000mn+ investible surplus over FY26–FY30 to fund M&A and capital-efficient leases, and is selling Caspia Delhi as part of its asset recycling strategy (₹2,100mn+ monetized at ~20x EV/EBITDA since 2023).
Strong Q1 results combined with major deleveraging and a clearly articulated growth pipeline are positive signals. Lower interest costs (8.6% vs 9.2%) and reduced leverage should support sustained earnings growth, while asset recycling and the GIC partnership provide capital for accretive expansion. Shareholders can expect continued focus on margin improvement toward 41% and revenue scaling to ₹22,000–22,500mn over the medium term.