SAMHI Hotels (SAMHI) Q4 24/25 earnings summary

Executive summary

• FY25 marked the first full year post-IPO, with transformational growth, strong performance in key markets, and robust demand supported by limited new supply.

• Achieved strong year-over-year growth in revenue, EBITDA, and RevPAR, with significant RevPAR gains in Bangalore, Hyderabad, Pune, and NCR.

• Expanded portfolio through major acquisitions, including Trinity Hotel in Bangalore, Holiday Inn Express, and a new Marriott W in Hyderabad, adding 300+ new rooms.

• Strategic partnership with GIC, including INR 750 crore capital commitment, enhances capital strength and supports future growth initiatives.

• Achieved first full year of profit since going public, with unmodified auditor opinions on FY25 results.

Financial highlights

• FY25 consolidated revenue reached INR 11,497 million (up 17.5% YoY); Q4 consolidated income was INR 3,236 million (up 11.6% YoY).

• FY25 EBITDA (pre-ESOP) increased 27.3% YoY to INR 4,434 million; Q4 EBITDA (pre-ESOP) up 21.4% YoY to INR 1,307 million.

• FY25 PAT was INR 855 million, a turnaround from prior losses; consolidated net profit improved from a loss of INR 2,346.18 million in FY24.

• RevPAR for FY25 grew 16.5% YoY to INR 5,015; Q4FY25 RevPAR up 20.6% YoY to INR 5,958.

• Asset-level EBITDA margin improved to 43% in Q4 and 40.4% for FY25.

Outlook and guidance

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

• Upscale portfolio expected to double by FY2029, with expansion into iconic brands and key markets.

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

• H2 FY26 to see incremental revenue from new room inventory and renovated ballrooms.

• Near-term growth driven by demand for same-store assets, portfolio re-rating post-renovation, and M&A activity.