SAMHI Delivers Strong Revenue Growth and EBITDA Margin Expansion in Q2 & H1 FY25
2 min readGurugram, 8th November 2024:SAMHIHotels Limited(BSE: 543984) (NSE:SAMHI) a prominent branded hotel ownership and asset management platform in India, announced its unaudited Standalone and Consolidated results for the quarter and half year ended 30th September 2024.
Commenting on the performance,Mr. Ashish Jakhanwala, Chairman & Managing Director,SAMHIHotels Ltd. said,“The results forQ2andH1FY25reflect our continued commitment to expanding inventory, drivingstrongrevenuegrowth, and delivering robust EB/TOA performance. The integration of AC/C is progressing smoothly, contributing to a significantmarginimprovement of approximately 590 basis points inQ2FY25compared toH1FY24 (pre-acquisition).
Our core markets remain resilient, with occupancy levels continuing to rise. ForQ2andH1FY25, 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 Bangalore Whitefield and Hyderabad Hitec City will drive substantialgrowthin 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-termgrowthdriven bystrongdemand 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:
- RevPAR1at Rs. 4,529 up 16.5% on a YoY basis demonstratestrongbusiness demand across key markets with established larger base of demand and continuedgrowthin commercial activities across key markets driving RevPARgrowth
- Occupancyat 75% up from 72% in same quarter last year
- Asset IncomeandAssetEBITDAgrew YoY by 20.4% and 28.1% respectively. Same storegrowth& positive impact of ACIC acquisition led tostronggrowthin income andEBITDA
In Rs. Mn | Q2FY252 | Q2FY24 | YoY% | H1FY25 | H1FY24 | YoY% |
Asset Income | 2,662 | 2,211 | 20.4% | 5,174 | 4,125 | 25.4% |
AssetEBITDA | 1,040 | 811 | 28.1% | 1,986 | 1,530 | 29.8% |
AssetEBITDA% | 39.1% | 36.7% | 38.4% | 37.1% | ||
Net Corporate G&A | (23) | (73) | (36) | (141) | ||
ConsolidatedEBITDA (pre-ESOP&one-time expenses) | 1,016 | 739 | 37.6% | 1,950 | 1,389 | 40.4% |
ESOP & One-Time Expenses | (44) | (198) | (89) | (376) | ||
ConsolidatedEBITDA (Reported) | 972 | 540 | 1,862 | 1,013 | ||
PAT | 126 | (880) | 168 | (1,715) |
Mansi Praharaj
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