SAMHI Hotels (SAMHI) investor relations material

Executive summary

• Q3 FY 2026 delivered strong operating results despite airline disruptions and GST changes, with same-store RevPAR up 13.3% YoY and total income up 16.2% YoY.

• EBITDA grew 19.2% YoY before GST impact, moderating to 13.2% YoY after GST changes; PAT increased by 111.3% YoY to INR 481 million in Q3 FY26.

• The company operates as a single segment focused on hotels, with 4,900 rooms operational and 1,900 rooms under development or rebranding.

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

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 were approved and reviewed by the Board and auditors.

Financial highlights

• Q3 FY26 total income was INR 3,419 million (+16.2% YoY); 9M FY26 total income was INR 9,255 million (+13.5% YoY).

• Consolidated EBITDA for Q3 FY26 was INR 1,263 million (+13.2% YoY with GST impact); 9M FY26 EBITDA was INR 3,424 million (+15.2% YoY).

• Q3 FY26 PAT was INR 481 million (+111.3% YoY); 9M FY26 PAT was INR 1,726 million (+321.7% YoY).

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

• Finance cost declined to INR 40 crores in Q3; annualized interest cost reduced to ~1,250 million in Q3 FY26 from ~1,990 million in Q1 FY24.

Outlook and guidance

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

• Long-term revenue growth guidance of 9%-11% CAGR on same-store basis is reiterated, targeting INR 3,000 crores by FY 2030.

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

• No significant tax outflows expected for the next 2-3 years due to accumulated losses; only deferred tax entries will be seen.

• The group continues to monitor the impact of new labour codes and will account for any additional impact as required.