SAMHI Hotels (SAMHI) Q4 24/25 earnings summary

Executive summary

• FY25 marked the first full year post-IPO, with transformational growth, strong performance in Bangalore, Hyderabad, Pune, and NCR, and robust demand across core markets.

• Achieved strong financial and operational performance, with double-digit growth in key metrics and a turnaround to net profit.

• Strategic expansion included major acquisitions, new hotel openings, and a joint venture with GIC to drive upscale and premium segment growth.

• Portfolio is well-positioned in high-growth commercial hubs, benefiting from rising office space absorption and air passenger traffic.

• Audited standalone and consolidated financial results for FY25 were approved with unmodified opinions from auditors.

Financial highlights

• FY25 consolidated revenue reached INR 11,497 million (up 17.5% YoY); EBITDA (pre-ESOP) was INR 4,434 million (up 27.3% YoY); PAT at INR 855 million, a turnaround from a loss in FY24.

• Q4 FY25 total income rose 11.6% YoY to INR 3,236 million; Q4 EBITDA (pre-ESOP) increased 21.4% YoY to INR 1,307 million.

• RevPAR for FY25 grew 16.5% YoY to INR 5,015; Q4 FY25 RevPAR up 20.6% YoY to INR 5,958.

• Basic EPS improved to INR 4.50 (standalone) and INR 3.88 (consolidated) for FY25.

• Standalone and consolidated equity increased year-over-year; borrowings reduced post-GIC investment.

Outlook and guidance

• Early double-digit same-store revenue growth expected to continue, with strong cash flow generation supporting CapEx and deleveraging.

• Targeting net debt to EBITDA below 3.0x, leveraging free cash and GIC partnership for growth.

• Upscale portfolio expected to double by FY2029, with new room stabilization and iconic brands in key markets.

• Renovations and rebranding in Pune and Jaipur expected to drive 20-30% revenue and RevPAR growth post-completion.

• IPO proceeds and GIC investment used for debt repayment and expansion.