SAMHI Hotels reported an Asset Income and Asset EBITDA growth YoY by 20.4% and 28.1% respectively

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

Q2FY25                                                                 H1 FY25

•  RevPAR1 up 16.5% YoY                                      •     RevPAR1 up 14.8% YoY
•  Asset Income up 20.4% YoY                            •     Asset Income up 25.4% YoY
•  Asset EB/TOA up 28.1% YoY                            •     Asset EB/TOA up 29.8% YoY
•  PAT Rs.126 Mn                                                        •     PAT Rs.168 Mn

Commenting on the performance, Ashish Jakhanwala, Chairman and 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 Bengaluru Whitefield and Hyderabad Hitec City will drive substantial growth in our upper upscale and 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 strong 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 demonstrate strong business demand across key markets with the established larger base of demand and continued growth in commercial activities across key markets driving RevPAR growth
• Occupancy at 75% up from 72% in the same quarter last year
• Asset Income and Asset EBITDA grew YoY by 20.4% and 28.1% respectively. Same store growth and the positive impact of the ACIC acquisition led to strong growth in income and EBITDA

Consolidated financial highlights:

 1.    Based on same-store ie excludes AC/C Portfolio acquired in Aug’23 and Caspia Pro, Greater Noida which is currently shutdown and under renovation
2.    Excluding Caspia Pro, Greater Noida, which is currently shutdown and under renovation