SAMHI Hotels Limited, a leading branded hotel ownership and asset management platform in India, has reported robust unaudited standalone and consolidated results for the quarter and nine-month period ended December 31, 2024. The company’s performance in Q3 and over the nine months of FY25 reflected healthy revenue growth and strong operating leverage, bolstered by successful integration initiatives and strategic acquisitions.
Chairman and Managing Director Ashish Jakhanwala expressed satisfaction with the performance, stating, “We are pleased with the results for Q3 and 9M FY25. During the quarter, we maintained healthy revenue growth, and our EBITDA growth was strong, given the successful ACIC integration and our effective operating leverage. Our core markets remain resilient, with occupancy at 72% for Q3 and 74% for the nine-month period, reflecting the strong demand for our assets.”
The company also announced the reopening of Caspia Pro in Greater Noida as a Holiday Inn Express with 133 rooms in December 2024, signaling renewed optimism in its growth trajectory. In addition, SAMHI Hotels is progressing on expansion projects, with the Holiday Inn Express in Kolkata and new room additions in Bengaluru currently in the pre-opening stage. The company is also advancing plans for two key acquisitions: the development of a new 220-room block in Whitefield, Bengaluru, under the “Westin” brand by Marriott, and the conversion of an existing building into a “W” brand hotel in Hitec City, Hyderabad. These initiatives are expected to nearly double the company’s Upper Upscale and Upscale inventory, providing a substantial boost to its business portfolio.
Financial highlights for Q3 FY25 reveal that RevPAR increased by 15.1% year-on-year to reach INR 5,088, driven by strong business demand across key markets. Asset income and asset EBITDA witnessed year-on-year growth of 10.1% and 12.6%, respectively, supported by same-store performance and the positive impact of the ACIC acquisition. The company also noted a slight decrease in finance costs, from 9.5% at the end of September 2024 to 9.4% as of December 31, 2024.
On the consolidated front, EBITDA improved significantly with a reported increase of 25.2% in Q3 FY25 compared to the previous year, and the nine-month figures reflected a remarkable 56.2% rise. The profit after tax for Q3 FY25 stood at INR 228 million, which included a one-time non-cash refinancing expense that is expected to yield annual interest savings of approximately INR 160 million.
SAMHI Hotels’ latest results underscore the company’s resilient market performance and strategic focus on expanding its premium inventory. With its core markets showing sustained demand and several high-impact growth projects nearing completion, the company is well-positioned to capitalize on future opportunities in the evolving hospitality landscape.
