Transcripts of Q4FY26 Earnings Conference Call with the investors or analysts held on Friday, 22nd May 2026 is enclosed for your information.
SAMHI · price
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Samhi Hotels delivered FY26 profit before tax of INR 165 crores, up 89% YoY, on total income of INR 1,279 crores (12.3% revenue growth). The company met its dual commitments of 9-11% revenue growth and net debt-to-EBITDA of ~3x (net debt at INR 1,450 crores). EBITDA was INR 463 crores with 36.2% margin, though adjusted for GST changes and one-time disruptions, underlying EBITDA growth was 19-20%. Finance costs sharply reduced to INR 171 crores from INR 225 crores. The company launched its GIC platform (INR 750 crores for 35% stake), partnered with Ingka Centers for a Noida hotel, and announced Navi Mumbai's 700-room Westin/Fairfield development. FY27 guidance: 9-11% same-store revenue growth with ~38% margins. Over FY27-FY31, management projects INR 3,000+ crores cumulative free cash from existing operations plus committed pipeline.
Strong deleveraging progress and cash generation provide financial flexibility. Management guided 5-year targets including INR 2,200 crores capex, 2.5x leverage, and 14-15% ROCE, positioning the company for compounding free cash without incremental debt or equity dilution.