SAMHI Q2 & H1 FY25: Revenue Surges, Margins Expand

Strong Growth & Margin Boost for SAMHI in Q2 & H1 FY25

SAMHI Hotels Limited announced its unaudited standalone and consolidated results for the quarter and half-year ended 30 September 2024.

Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director of SAMHI Hotels Ltd., said, “The results for Q2 and H1 FY25 reflect our continued commitment to expanding inventory, driving strong revenue growth, and delivering robust EB/TOA performance. The integration of AC/C is progressing smoothly, contributing to a significant margin improvement of approximately 590 basis points in Q2 FY25 compared to H1 FY24 (pre-acquisition).

Our core markets remain resilient, with occupancy levels continuing to rise. For Q2 and H1 FY25, occupancy stood at 75%, reflecting the ongoing demand for our assets.

I am also pleased to announce the signing of a long-term, variable lease in Hitec City, Hyderabad. This agreement aligns with our strategic focus on increasing the proportion of long-term leases to enhance capital efficiency and generate higher risk-adjusted returns.

The transactions in Bangalore Whitefield and Hyderabad Hitec City will drive substantial growth in our Upper-Upscale and Upper-Upscale inventory, contributing to the premiumization of our existing portfolio and increasing our market share in key office markets.

Looking ahead, we remain focused on near-term growth driven by solid demand for our existing assets, the strategic re-rating of portions of our portfolio following renovation and rebranding efforts, the addition of new inventory, and continued M&A activity.”

Key Highlights for Q2FY25:

• RevPAR1 at Rs. 4,529, up 16.5% on a YoY basis, demonstrates strong business demand across key markets with an established more extensive base of demand and continued growth in commercial activities across critical markets, driving RevPAR growth
• Occupancy at 75%, up from 72% in the same quarter last year
• Asset Income and EBITDA grew YoY by 20.4% and 28.1%, respectively. Same-store growth & positive impact of ACIC acquisition led to solid growth in income and EBITDA

Consolidated Financial Highlights:

In Rs. Mn	Q2FY252	Q2FY24	YoY%	H1FY25	H1FY24	YoY%
Asset Income	2,662	2,211	20.4%	5,174	4,125	25.4%
Asset EBITDA	1,040	811	28.1%	1,986	1,530	29.8%
Asset EBITDA%	39.1%	36.7%		38.4%	37.1%
Net Corporate G&A	(23)	(73)		(36)	(141)
Consolidated EBITDA (pre-ESOP & one-time expenses)	1,016	739	37.6%	1,950	1,389	40.4%
ESOP & One-Time Expenses	(44)	(198)		(89)	(376)
Consolidated EBITDA (Reported)	972	540		1,862	1,013
PAT	126	(880)		168	(1,715)

1. Based on Same-store, i.e. excludes AC/C Portfolio acquired in Aug 23 and Caspia Pro, Greater Noida, which is currently shut down and under renovation
2. Excluding Caspia Pro, Greater Noida, which is currently shut down and under renovation

About SAMHI Hotels Ltd.

SAMHI is a leading hotel ownership and asset management platform in India, supported by experienced leadership and management. The company has long-term agreements with major hotel operators like Marriott, IHG, and Hyatt. With a portfolio of 32 hotels and 4,943 keys, SAMHI operates in 13 cities, including the National Capital Region (NCR), Bangalore, Hyderabad, Chennai, and Pune.