SAMHI Hotels (SAMHI) investor relations material

Executive summary

• Q3 FY26 delivered strong operating performance, with same-store RevPAR up 13.3% YoY and total income up 16.2% YoY, despite airline disruptions and GST changes.

• EBITDA grew 19.2% YoY before GST impact; after GST changes, EBITDA growth was 13.2% YoY.

• PAT for Q3 FY26 increased by 111.3% YoY to INR 481 million.

• The company remains on track to achieve targeted revenue of INR 3,000 crores by 2030, supported by a robust growth pipeline.

• Generated ~3,000 million surplus cash on a TTM basis, supporting ongoing and planned growth initiatives.

Financial highlights

• Q3 FY26 total income was INR 342 crores (+16.2% YoY); 9M FY26 total income was INR 9,255 million (+13.5% YoY).

• Q3 FY26 consolidated EBITDA: INR 126 crores (+13.2% YoY with GST impact); 9M FY26 EBITDA: INR 3,424 million (+15.2% YoY).

• Q3 FY26 PAT: INR 48 crores; 9M FY26 PAT: INR 1,726 million.

• EBITDA margin for Q3 FY26 at 36.9%, down from 37.9% YoY due to GST changes.

• Net debt as of Dec 31, 2025, stood at INR 1,450 crores; net debt/EBITDA improved to 2.9x.

Outlook and guidance

• Business momentum is expected to continue into Q4, with strong bookings for February and March.

• Long-term RevPAR growth is guided at 9%-11% CAGR for the next 3-5 years on a same-store basis.

• GST changes are expected to boost demand and reduce capex for development assets.

• No significant tax outflows are expected for the next 2-3 years due to accumulated losses.

• Ongoing and planned growth projects, including rebranding and new openings, are on track.