Hotels company Samhi Hotels announced Q1FY25 results: RevPAR at Rs 4,276 up 13.0% on a YoY basis demonstrate strong business demand across key markets Asset Income and Asset EBITDA grew YoY by 31.2% and 31.7% respectively. Same store growth & positive impact of ACIC acquisition led to strong growth in income and EBITDA Consolidated EBITDA (pre-ESOP & one-time expenses) at Rs 934 million, up 43.7% YoY. The significant growth underscores the strength and potential of the current portfolio. PAT at Rs 42 million Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, “We achieved total revenue of Rs 2,568 million and consolidated EBITDA! of Rs 934 million. During the quarter, RevPAR grew by 13.0% YoY, demonstrating that our core markets & demand drivers continue to grow strong. The integration of ACIC is proceeding well and has resulted in ~520 bps margin improvement in Q1FY25 vis-G-vis HI1FY24 (pre-acquisition). We have also started rebranding of two of the ACIC hotels and this will help us materially increase its contribution to SAMHI. We have good liquidity position and have strong free cash flows from operations in FY25, providing resources to fuel both internal and external growth opportunities. With continued growth in our existing portfolio, the opening of new hotels, renovation, rebranding of ACIC assets, and a robust pipeline in key markets, our growth prospects remain strong in the coming quarters.” Result PDF
Hotels company Samhi Hotels announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: RevPAR up 16.9% YoY at Rs 4,830 Asset Income up 35.4% YoY Asset EBITDA up 45.4% YoY PAT Rs 113 million Positive Free Cash flow Consolidated EBITDA: Rs 1,077 million FY24 Financial Highlights: RevPAR up 17.0% YoY Asset Income up 28.4% YoY Asset EBITDA up 34.6% YoY Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, We achieved a total revenue of Rs 2,899 million and EBITDA* of Rs 1,077 million during the quarter and have turned PAT positive. This was supported by a strong operational performance of our hotels which continue to benefit from significant growth of India’s commercial office and aviation market. For FY24 we achieved a total revenue of Rs 9,787 million and EBITDA* of Rs 3,484 million. If we include ACIC for the unconsolidated period, the same will be Rs 10,527 million and Rs 3,681 million respectively. Reduction in debt and finance cost allows SAMHI to be well-positioned to generate significant free cash flow from operations in FY25, providing resources to fuel both internal and external growth opportunities. Looking ahead to FY25, SAMHI is poised for robust growth. This trajectory will be propelled by a multitude of factors including continued RevPAR growth in our same-store hotels due to their favorable locations & positioning, completion of the ACIC Portfolio integration, strategic renovation, and rebranding initiatives. Growth in EBITDA, reduction in ESOP expenses and corporate G&A; sets us for a strong PAT growth in FY25 and beyond. Result PDF