SAMHI Hotel’s RevPAR Rose 16% YoY: Released Q4 FY2024 Earnings

SAMHI Hotels Limited, a prominent branded hotel ownership and asset management platform in India, announced its results for the quarter and year ended March 31, 2024.

Quarterly Performance

The RevPAR for Q4 FY2024 was 4,830, indicating a YoY increase of 16.9%. Furthermore, the YoY growth rates for Asset EBITDA and Asset Income were 35.4% and 45.4%, respectively. Same-store growth plus the benefits of the ACIC purchase resulted in a robust increase in EBITDA and income.

Consolidated EBITDA (pre-ESOP & one-time charges) reached a strategic milestone of ₹1,077 million, showcasing the potential of the current portfolio. PAT was ₹113 million. The quick decrease of debt and financing costs coupled with an increase in EBITDA is paving the route to achieving sustainable debt levels while enabling free cash flow generation for growth.

Outlook

In terms of FY25, SAMHI is expected to grow rapidly. Numerous variables, such as the completion of the ACIC Portfolio merger, the strategic refurbishment and rebranding activities, and the sustained RevPAR growth at our same-store hotels due to their advantageous locations and positioning, will propel this trajectory. Reductions in corporate G&A, ESOP costs, and EBITDA growth position us for robust PAT growth in FY25 and beyond.

“We achieved total revenue of ₹2,899 million and EBITDA of ₹1,077 million during the quarter and have turned PAT positive. This was supported by a strong operational performance of our hotels, which continue to benefit from the significant growth of India’s commercial office and aviation market,” said Mr Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd.

He further added, “For FY24, we achieved a total revenue of ₹9,787 million and EBITDA of ₹3,484 million. If we include ACIC for the unconsolidated period, the same will be ₹10,527 million and ₹3,681 million, respectively. Reduction in debt and finance cost allows SAMHI to be well-positioned to generate significant free cash flow from operations in FY25, providing resources to fuel both internal and external growth opportunities.”

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