SAMHI Hotels reports Q2 and H1 FY25 financial results

SAMHI Hotels Limited has released its unaudited financial results for the second quarter (Q2) and the first half (H1) of FY25, indicating significant growth in revenue and profitability.

The key financial highlights include Revenue Per Available Room (RevPAR) increased by 16.5 per cent YoY to Rs 4,529 in Q2 FY25, with H1 FY25 RevPAR also up 14.8 per cent YoY. Asset Income rose 20.4 per cent YoY to Rs 2,662 million in Q2 FY25 and 25.4 per cent YoY to Rs 5,174 million in H1 FY25. Additionally, Asset EBITDA grew by 28.1 per cent YoY to Rs 1,040 million in Q2 FY25 and 29.8 per cent YoY to Rs 1,986 million in H1 FY25.

Consolidated EBITDA (pre-ESOP & one-time expenses) saw a notable increase of 37.6 per cent YoY, reaching Rs 1,016 million in Q2 FY25, and a 40.4 per cent YoY rise to Rs 1,950 million in H1 FY25. Profit After Tax (PAT) reported for Q2 FY25 was Rs 126 million, compared to Rs 880 million in Q2 FY24. For H1 FY25, PAT stood at Rs 168 million, recovering from Rs 1,715 million in H1 FY24.

Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, 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 per cent, reflecting the ongoing demand for our assets.

He further added. "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 substantial growth in our Upper Upscale and Upscale inventory, contributing to the premiumisation of our existing portfolio and increasing our market share in key office markets. Looking ahead, we remain focussed 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.”