Hotels company Samhi Hotels announced Q3FY25 results Income: Rs 2,964 million compared to Rs 2,692 million during Q3FY24, change 10.1%. RevPAR at Rs 5,088 up 15.1% on a YoY basis demonstrate strong business demand across key markets with established larger base of demand and continued growth in commercial activities across key markets driving RevPAR growth. Occupancy stood at 72% for Q3FY25. Asset Income and Asset EBITDA grew YoY by 10.1% and 12.6% respectively. Same store growth & positive impact of ACIC acquisition led to strong growth in Asset Income and EBITDA. The Finance Cost decreased to 9.4% as of December 31, 2024, compared to 9.5% as of September 30, 2024. PAT of Rs 228 million including Rs 65 million impact of a non-cash refinancing expense. The refinancing results in an annualized saving of Rs 160 million in interest expense. Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels, said: “We are pleased with the results for Q3 & 9MFY25. During the quarter we maintained healthy revenue growth. EBITDA growth was strong given successful ACIC integration and strong operating leverage. Our core markets remain resilient. For Q3 & 9MFY25, occupancy stood at 72% and 74% respectively, reflecting strong demand for our assets. I am also pleased to announce the reopening of Caspia Pro in Greater Noida as Holiday Inn Express with 133 rooms in December 2024. Our growth projects are on track with Holiday Inn Express in Kolkata and new rooms in Bengaluru under pre-opening stage. We are also making good progress on two latest acquisitions. The concept development for our proposed new block of 220 rooms in Whitefield, Bengaluru, under “Westin” brand by Marriott and for conversion of an existing building into a “W” brand hotel in Hitec city, Hyderabad, are at advanced stages of finalization. Once we complete the on-going initiatives, we would have almost doubled our Upper Upscale & Upscale inventory, which will have a substantial impact on our business.” Result PDF