India · Delayed Price · Currency is INR SAMHI Hotels Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY 2026 saw robust revenue and EBITDA growth despite GST-related margin pressure and airline disruptions. Strong demand, dynamic pricing, and a growing upscale portfolio support continued double-digit RevPAR growth and a positive outlook toward the INR 3,000 crore revenue target by 2030.
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Q2 saw 11% revenue and 14% EBITDA growth year-over-year, with strong margin expansion and a robust balance sheet. Major new projects in Navi Mumbai and Hyderabad will expand the portfolio, funded by free cash flow, while leverage remains controlled and outlook for H2 is positive.
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Q1 FY26 saw 13% revenue growth and a 19% EBITDA increase, driven by strong same-store and new hotel performance. Asset recycling and GIC capital infusion strengthened the balance sheet, with net debt/EBITDA at 3x and a positive credit outlook.
Fiscal Year 2025
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FY25 saw robust revenue and EBITDA growth, margin expansion, and a strengthened balance sheet following a major GIC partnership. Strong RevPAR gains in core markets and new room additions support a positive outlook, with further growth expected from renovations and rebranding.
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A strategic partnership with GIC will see a 35% stake acquired in three upscale hotel subsidiaries for INR 752 crore, significantly reducing debt and enabling future growth. The platform structure provides capital for expansion, with a focus on acquisitions and disciplined leverage targets.
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Q3 FY25 saw 10% revenue and 25% EBITDA growth, driven by strong RevPAR and margin expansion. Net debt rose due to CapEx, but deleveraging is on track, with asset recycling and portfolio upgrades supporting future growth.
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Q2 FY25 saw 20% revenue growth and 80% EBITDA growth year-on-year, driven by strong same-store and ACIC portfolio performance. Expansion in upscale segments and capital-efficient projects in Bengaluru and Hyderabad are set to boost future growth, with leverage managed through internal accruals and asset recycling.